B. Riley Cuts Cohu (NASDAQ:COHU) Price Target to $40.00

Cohu (NASDAQ:COHU) had its price objective trimmed by B. Riley from $45.00 to $40.00 in a report issued on Friday, Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

A number of other equities research analysts also recently commented on COHU. Needham & Company LLC reiterated a buy rating and issued a $36.00 price objective on shares of Cohu in a report on Friday, February 16th. TD Cowen reduced their price objective on shares of Cohu from $40.00 to $36.00 and set a buy rating on the stock in a research note on Friday. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Cohu presently has a consensus rating of Moderate Buy and a consensus target price of $37.33.

Cohu Stock Performance

Shares of NASDAQ:COHU opened at $28.92 on Friday. The stock has a market capitalization of $1.36 billion, a P/E ratio of -578.40 and a beta of 1.54. The company has a current ratio of 6.29, a quick ratio of 4.63 and a debt-to-equity ratio of 0.01. Cohu has a 1-year low of $28.57 and a 1-year high of $43.99. The business has a 50-day moving average price of $31.29 and a two-hundred day moving average price of $32.35.

Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, February 15th. The semiconductor company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. Cohu had a negative net margin of 0.38% and a positive return on equity of 3.91%. The business had revenue of $137.23 million for the quarter, compared to analyst estimates of $136.94 million. During the same period in the prior year, the business posted $0.63 earnings per share. Cohu’s revenue was down 28.2% compared to the same quarter last year. Equities analysts predict that Cohu will post 0.22 earnings per share for the current year.

Institutional Investors Weigh In On Cohu

Hedge funds and other institutional investors have recently made changes to their positions in the stock. TFO Wealth Partners LLC boosted its stake in Cohu by 10,587.5% in the 4th quarter. TFO Wealth Partners LLC now owns 855 shares of the semiconductor company’s stock worth $283,000 after purchasing an additional 847 shares during the period. Meeder Asset Management Inc. bought a new position in shares of Cohu during the fourth quarter worth about $35,000. Teza Capital Management LLC acquired a new stake in Cohu in the 3rd quarter valued at approximately $212,000. Altfest L J & Co. Inc. bought a new stake in Cohu in the 4th quarter valued at approximately $250,000. Finally, Inspire Investing LLC boosted its position in Cohu by 17.3% during the 3rd quarter. Inspire Investing LLC now owns 8,894 shares of the semiconductor company’s stock worth $306,000 after acquiring an additional 1,313 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Cohu Company Profile

Cohu, Inc, through its subsidiaries, provides semiconductor test equipment and services in China, the United States, Taiwan, Malaysia, the Philippines, and internationally. The company supplies semiconductor test and inspection handlers, micro-electromechanical system (MEMS) test modules, test contactors, thermal sub-systems, and semiconductor automated test equipment for semiconductor manufacturers and test subcontractors.