Cohu (NASDAQ:COHU) Price Target Cut to $23.00 by Analysts at The Goldman Sachs Group

Cohu (NASDAQ:COHU) had its target price trimmed by The Goldman Sachs Group from $26.00 to $23.00 in a research report sent to investors on Friday, Benzinga reports. The firm currently has a sell rating on the semiconductor company’s stock.

Other equities research analysts also recently issued reports about the company. StockNews.com downgraded Cohu from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. TD Cowen decreased their target price on Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday. Craig Hallum raised shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Friday. Needham & Company LLC increased their target price on Cohu from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Friday. Finally, Citigroup downgraded shares of Cohu from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a report on Monday, July 15th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Cohu has an average rating of “Hold” and an average target price of $31.50.

Cohu Stock Down 3.1 %

COHU opened at $26.51 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.09 and a current ratio of 6.95. The company has a market capitalization of $1.24 billion, a PE ratio of -24.55 and a beta of 1.52. The stock’s fifty day moving average is $25.18 and its 200-day moving average is $28.64. Cohu has a one year low of $22.80 and a one year high of $36.60.

Cohu (NASDAQ:COHU) last posted its quarterly earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.02). The company had revenue of $95.30 million during the quarter, compared to the consensus estimate of $95.75 million. Cohu had a negative net margin of 11.35% and a negative return on equity of 1.00%. Cohu’s quarterly revenue was down 36.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 EPS. On average, equities analysts predict that Cohu will post -0.41 EPS for the current fiscal year.

Insider Activity

In other Cohu news, Director Nina Richardson sold 4,999 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $24.14, for a total value of $120,675.86. Following the transaction, the director now directly owns 28,313 shares of the company’s stock, valued at approximately $683,475.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 5,399 shares of company stock valued at $130,204 over the last 90 days. 2.70% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cohu

Several hedge funds have recently bought and sold shares of COHU. Signaturefd LLC boosted its position in shares of Cohu by 1,256.3% during the second quarter. Signaturefd LLC now owns 868 shares of the semiconductor company’s stock worth $29,000 after buying an additional 804 shares during the period. First Horizon Advisors Inc. increased its position in shares of Cohu by 558.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,087 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 922 shares during the last quarter. CWM LLC raised its stake in shares of Cohu by 158.1% during the 2nd quarter. CWM LLC now owns 1,533 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 939 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of Cohu in the 2nd quarter valued at approximately $97,000. Finally, Perkins Coie Trust Co bought a new position in shares of Cohu in the second quarter valued at $132,000. 94.67% of the stock is currently owned by institutional investors and hedge funds.

About Cohu

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.