Shares of Cohu, Inc. (NASDAQ:COHU) have been given an average recommendation of “Buy” by the seven brokerages that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $24.50.
Several analysts recently commented on COHU shares. Needham & Company LLC raised Cohu from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Monday, September 18th. B. Riley boosted their price target on Cohu from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Zacks Investment Research lowered Cohu from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, ValuEngine downgraded Cohu from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd.
Shares of Cohu (NASDAQ COHU) traded up $0.44 during trading hours on Wednesday, hitting $23.25. The stock had a trading volume of 191,599 shares, compared to its average volume of 221,004. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.62 and a quick ratio of 2.89. The firm has a market cap of $645.25, a price-to-earnings ratio of 23.72 and a beta of 0.85. Cohu has a one year low of $12.64 and a one year high of $26.17.
Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.43 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.04. The business had revenue of $93.70 million for the quarter, compared to analyst estimates of $91.43 million. Cohu had a return on equity of 14.67% and a net margin of 8.26%. Cohu’s quarterly revenue was up 35.2% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.14 EPS. equities research analysts anticipate that Cohu will post 1.37 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, November 17th were given a $0.06 dividend. The ex-dividend date was Thursday, November 16th. This represents a $0.24 annualized dividend and a yield of 1.03%. Cohu’s payout ratio is 24.49%.
In other Cohu news, Director James A. Donahue sold 36,750 shares of Cohu stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $24.76, for a total value of $909,930.00. Following the completion of the transaction, the director now owns 443,472 shares in the company, valued at approximately $10,980,366.72. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Jeffrey D. Jones sold 25,000 shares of the business’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $24.75, for a total value of $618,750.00. Following the sale, the vice president now owns 198,081 shares of the company’s stock, valued at approximately $4,902,504.75. The disclosure for this sale can be found here. In the last quarter, insiders sold 81,750 shares of company stock valued at $2,025,080. Corporate insiders own 6.46% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC raised its position in shares of Cohu by 34.9% during the second quarter. Cubist Systematic Strategies LLC now owns 16,410 shares of the semiconductor company’s stock worth $258,000 after acquiring an additional 4,243 shares during the last quarter. AJO LP raised its position in shares of Cohu by 73.4% during the second quarter. AJO LP now owns 210,071 shares of the semiconductor company’s stock worth $3,307,000 after acquiring an additional 88,949 shares during the last quarter. Swiss National Bank raised its position in shares of Cohu by 10.8% during the second quarter. Swiss National Bank now owns 46,141 shares of the semiconductor company’s stock worth $726,000 after acquiring an additional 4,500 shares during the last quarter. Royce & Associates LP raised its position in shares of Cohu by 62.6% during the third quarter. Royce & Associates LP now owns 1,042,514 shares of the semiconductor company’s stock worth $24,854,000 after acquiring an additional 401,281 shares during the last quarter. Finally, Boston Advisors LLC bought a new stake in shares of Cohu during the third quarter worth $933,000. Institutional investors own 83.10% of the company’s stock.
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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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