Shares of Cohu, Inc. (NASDAQ:COHU) have been assigned a consensus recommendation of “Buy” from the eight brokerages that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $23.75.
A number of equities research analysts recently issued reports on the stock. Needham & Company LLC raised shares of Cohu from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Monday, September 18th. Stifel Nicolaus reissued a “hold” rating and issued a $19.00 price objective (up previously from $17.00) on shares of Cohu in a report on Monday, July 17th. ValuEngine raised shares of Cohu from a “buy” rating to a “strong-buy” rating in a report on Friday, September 1st. BidaskClub raised shares of Cohu from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, Zacks Investment Research lowered shares of Cohu from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th.
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Shares of Cohu (NASDAQ:COHU) opened at 24.67 on Friday. The company has a market cap of $689.75 million, a price-to-earnings ratio of 35.65 and a beta of 0.92. The stock has a 50 day moving average of $22.24 and a 200 day moving average of $19.17. Cohu has a 12-month low of $10.72 and a 12-month high of $24.80.
Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.03. Cohu had a net margin of 6.21% and a return on equity of 11.59%. The firm had revenue of $93.90 million during the quarter, compared to analyst estimates of $92.91 million. During the same quarter in the prior year, the firm posted $0.23 earnings per share. Cohu’s quarterly revenue was up 22.9% on a year-over-year basis. Equities research analysts predict that Cohu will post $1.54 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, August 25th will be given a dividend of $0.06 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $0.24 annualized dividend and a dividend yield of 0.97%. Cohu’s dividend payout ratio is presently 34.78%.
In other news, VP Hock Woo Chiang sold 10,844 shares of the stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $18.77, for a total transaction of $203,541.88. Following the sale, the vice president now owns 90,332 shares of the company’s stock, valued at $1,695,531.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James A. Donahue sold 75,000 shares of the stock in a transaction dated Tuesday, September 5th. The stock was sold at an average price of $18.72, for a total transaction of $1,404,000.00. Following the sale, the director now directly owns 444,049 shares in the company, valued at approximately $8,312,597.28. The disclosure for this sale can be found here. Insiders have sold 235,844 shares of company stock worth $4,736,542 in the last three months. Corporate insiders own 6.46% of the company’s stock.
A number of large investors have recently modified their holdings of COHU. Ameriprise Financial Inc. raised its holdings in Cohu by 326.9% in the second quarter. Ameriprise Financial Inc. now owns 684,149 shares of the semiconductor company’s stock valued at $10,769,000 after acquiring an additional 523,887 shares in the last quarter. Systematic Financial Management LP raised its holdings in Cohu by 20.6% in the second quarter. Systematic Financial Management LP now owns 843,310 shares of the semiconductor company’s stock valued at $13,274,000 after acquiring an additional 143,783 shares in the last quarter. Vanguard Group Inc. raised its holdings in Cohu by 10.1% in the first quarter. Vanguard Group Inc. now owns 1,407,360 shares of the semiconductor company’s stock valued at $25,980,000 after acquiring an additional 129,316 shares in the last quarter. Numeric Investors LLC acquired a new stake in Cohu in the second quarter valued at approximately $1,927,000. Finally, Acadian Asset Management LLC raised its holdings in Cohu by 28.2% in the second quarter. Acadian Asset Management LLC now owns 494,573 shares of the semiconductor company’s stock valued at $7,784,000 after acquiring an additional 108,751 shares in the last quarter. 83.89% of the stock is currently owned by hedge funds and other institutional investors.
Cohu Company Profile
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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