Shares of Cohu, Inc. (NASDAQ:COHU) have been assigned a consensus recommendation of “Buy” from the seven brokerages that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $27.00.
Several equities analysts recently issued reports on COHU shares. BidaskClub lowered shares of Cohu from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 12th. ValuEngine upgraded shares of Cohu from a “hold” rating to a “buy” rating in a report on Friday, June 1st. Stifel Nicolaus lowered shares of Cohu from a “buy” rating to a “hold” rating in a report on Monday, May 28th. Finally, Zacks Investment Research lowered shares of Cohu from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th.
In related news, VP Hock Woo Chiang sold 15,825 shares of the business’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $27.59, for a total value of $436,611.75. Following the transaction, the vice president now owns 71,947 shares in the company, valued at $1,985,017.73. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, VP Fellenberg Ian Von sold 22,019 shares of the business’s stock in a transaction on Wednesday, May 30th. The shares were sold at an average price of $24.51, for a total transaction of $539,685.69. Following the completion of the transaction, the vice president now owns 87,054 shares in the company, valued at approximately $2,133,693.54. The disclosure for this sale can be found here. 3.88% of the stock is owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in COHU. Segall Bryant & Hamill LLC acquired a new position in Cohu in the second quarter valued at $15,004,000. Hood River Capital Management LLC acquired a new position in Cohu in the second quarter valued at $8,790,000. BlackRock Inc. lifted its holdings in Cohu by 7.9% in the first quarter. BlackRock Inc. now owns 3,993,647 shares of the semiconductor company’s stock valued at $91,096,000 after buying an additional 293,537 shares during the period. Denver Investment Advisors LLC acquired a new position in Cohu in the first quarter valued at $5,564,000. Finally, Boston Advisors LLC lifted its holdings in Cohu by 458.2% in the second quarter. Boston Advisors LLC now owns 235,265 shares of the semiconductor company’s stock valued at $5,766,000 after buying an additional 193,115 shares during the period. Institutional investors and hedge funds own 94.40% of the company’s stock.
Shares of NASDAQ:COHU traded up $0.27 during mid-day trading on Thursday, reaching $25.83. 284,600 shares of the company’s stock were exchanged, compared to its average volume of 263,645. The firm has a market cap of $743.32 million, a PE ratio of 19.28 and a beta of 1.11. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.93 and a current ratio of 3.66. Cohu has a twelve month low of $17.34 and a twelve month high of $27.83.
Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Thursday, August 2nd. The semiconductor company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.17. The company had revenue of $99.80 million for the quarter, compared to analyst estimates of $99.57 million. Cohu had a net margin of 9.50% and a return on equity of 15.21%. Cohu’s revenue was up 6.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.48 earnings per share. sell-side analysts forecast that Cohu will post 1.57 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 19th. Investors of record on Friday, August 24th will be issued a $0.06 dividend. The ex-dividend date is Thursday, August 23rd. This represents a $0.24 annualized dividend and a yield of 0.93%. Cohu’s payout ratio is 17.91%.
Cohu Company Profile
Cohu, Inc, through its subsidiaries, engages in the development, manufacture, sale, and servicing of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, and thermal sub-systems for semiconductor manufacturers and test subcontractors worldwide.
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