Cohu (NASDAQ:COHU) had its target price decreased by equities researchers at B. Riley from $31.00 to $30.00 in a research note issued on Friday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the semiconductor company’s stock. B. Riley’s price objective would indicate a potential upside of 55.36% from the company’s previous close.
A number of other research firms have also recently commented on COHU. Zacks Investment Research upgraded shares of Cohu from a “hold” rating to a “strong-buy” rating and set a $29.00 target price for the company in a research note on Tuesday, November 7th. BidaskClub cut shares of Cohu from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $24.00 target price on shares of Cohu in a research note on Friday, October 27th. Finally, ValuEngine upgraded shares of Cohu from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $25.20.
Shares of Cohu (COHU) opened at $19.31 on Friday. The company has a market cap of $546.24, a P/E ratio of 14.20 and a beta of 0.91. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.62 and a quick ratio of 2.89. Cohu has a 12 month low of $15.01 and a 12 month high of $26.17.
In other Cohu news, Director Steven J. Bilodeau sold 10,000 shares of Cohu stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $24.86, for a total transaction of $248,600.00. Following the completion of the sale, the director now directly owns 95,184 shares in the company, valued at approximately $2,366,274.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 6.46% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC lifted its stake in Cohu by 34.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 16,410 shares of the semiconductor company’s stock valued at $258,000 after acquiring an additional 4,243 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in Cohu by 19.1% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 121,107 shares of the semiconductor company’s stock valued at $2,888,000 after acquiring an additional 19,462 shares during the period. Swiss National Bank lifted its stake in shares of Cohu by 10.8% in the 2nd quarter. Swiss National Bank now owns 46,141 shares of the semiconductor company’s stock valued at $726,000 after purchasing an additional 4,500 shares during the period. Royce & Associates LP lifted its stake in shares of Cohu by 62.6% in the 3rd quarter. Royce & Associates LP now owns 1,042,514 shares of the semiconductor company’s stock valued at $24,854,000 after purchasing an additional 401,281 shares during the period. Finally, Cavalier Investments LLC acquired a new position in shares of Cohu in the 3rd quarter valued at $527,000. Institutional investors and hedge funds own 82.24% of the company’s stock.
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Cohu, Inc is a supplier of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors and thermal sub-systems used by global semiconductor manufacturers and test subcontractors. It develops, manufactures, sells and services a line of equipment capable of handling a range of integrated circuits and light-emitting diodes.
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