Cohu (NASDAQ:COHU) Coverage Initiated by Analysts at StockNews.com

Stock analysts at StockNews.com assumed coverage on shares of Cohu (NASDAQ:COHU – Get Rating) in a note issued to investors on Thursday. The brokerage set a "buy" rating on the semiconductor company's stock.

Other equities analysts also recently issued research reports about the stock. B. Riley increased their price target on shares of Cohu from $30.00 to $36.00 in a report on Friday, February 17th. Needham & Company LLC increased their price target on shares of Cohu from $34.00 to $40.00 and gave the stock a "buy" rating in a report on Friday, February 17th. Finally, Craig Hallum downgraded shares of Cohu from a "buy" rating to a "hold" rating in a report on Friday, February 17th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $39.00.

Cohu Stock Down 1.2 %

Shares of COHU traded down $0.46 during mid-day trading on Thursday, hitting $37.22. 697,022 shares of the company traded hands, compared to its average volume of 222,267. Cohu has a 1-year low of $24.06 and a 1-year high of $38.40. The company has a quick ratio of 3.70, a current ratio of 4.75 and a debt-to-equity ratio of 0.08. The company has a market capitalization of $1.76 billion, a PE ratio of 18.70 and a beta of 1.55. The business has a 50 day moving average of $36.23 and a 200 day moving average of $32.77.

Institutional Investors Weigh In On Cohu

Several hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in Cohu by 0.7% in the 1st quarter. BlackRock Inc. now owns 7,391,458 shares of the semiconductor company's stock worth $218,789,000 after purchasing an additional 50,706 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Cohu by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 3,684,127 shares of the semiconductor company's stock valued at $109,049,000 after buying an additional 21,908 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Cohu by 8.6% during the 4th quarter. Victory Capital Management Inc. now owns 3,040,306 shares of the semiconductor company's stock valued at $97,442,000 after buying an additional 240,574 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Cohu by 5.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,866,000 shares of the semiconductor company's stock valued at $91,856,000 after buying an additional 149,372 shares in the last quarter. Finally, Franklin Resources Inc. lifted its position in shares of Cohu by 35.1% during the 4th quarter. Franklin Resources Inc. now owns 1,936,874 shares of the semiconductor company's stock valued at $62,077,000 after buying an additional 502,937 shares in the last quarter. Hedge funds and other institutional investors own 90.79% of the company's stock.

Cohu Company Profile

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Cohu, Inc engages in the provision of back-end semiconductor equipment and services. It offers test and handling capital equipment, interface products, and related services to the semiconductor and electronics manufacturing industries. The company was founded in 1947 and is headquartered in Poway, CA.

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