Needham Believes Cohu (COHU) Won’t Stop Here

In a report released today, Quinn Bolton from Needham assigned a Buy rating to Cohu (COHU), with a price target of $30.00. The company’s shares closed last Wednesday at $24.57, close to its 52-week high of $26.43.

According to, Bolton is a top 25 analyst with an average return of 34.1% and a 77.5% success rate. Bolton covers the Technology sector, focusing on stocks such as MACOM Technology Solutions Holdings, Advanced Energy Industries, and Ultra Clean Holdings.

Cohu has an analyst consensus of Strong Buy, with a price target consensus of $28.00, a 15.1% upside from current levels. In a report issued on October 30, Deutsche Bank also maintained a Buy rating on the stock.

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Based on Cohu’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $151 million and GAAP net loss of $6.65 million. In comparison, last year the company earned revenue of $143 million and had a GAAP net loss of $10.47 million.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of COHU in relation to earlier this year. Earlier this month, Jeffrey D. Jones, the VP, Fin & CFO of COHU sold 33,780 shares for a total of $794,736.

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Cohu, Inc. engages in the provision of back-end semiconductor equipment and services. It operates through the Semiconductor Test and Inspection, and Printed Circuit Board Test. The company was founded in 1947 and is headquartered in Poway, CA.

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