Cohu (COHU) Received its Third Buy in a Row

After Deutsche Bank and D.A. Davidson gave Cohu (NASDAQ: COHU) a Buy rating last month, the company received another Buy, this time from B.Riley FBR. Analyst Craig Ellis reiterated a Buy rating on Cohu today and set a price target of $29.00. The company’s shares closed last Monday at $23.48, close to its 52-week high of $25.89.

According to TipRanks.com, Ellis is a 4-star analyst with an average return of 5.2% and a 53.3% success rate. Ellis covers the Consumer Goods sector, focusing on stocks such as Axcelis Technologies, Skyworks Solutions, and Applied Materials.

Currently, the analyst consensus on Cohu is a Strong Buy with an average price target of $29.00.

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The company has a one-year high of $25.89 and a one-year low of $11.37. Currently, Cohu has an average volume of 246.7K.

Based on the recent corporate insider activity of 50 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. Most recently, in November 2019, Steven Bilodeau, a Director at COHU sold 5,000 shares for a total of $100,000.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.