Cohu (COHU) Raised to “Strong-Buy” at BidaskClub

BidaskClub upgraded shares of Cohu (NASDAQ:COHU) from a buy rating to a strong-buy rating in a research note issued to investors on Saturday morning.

A number of other research firms also recently commented on COHU. Stifel Nicolaus raised shares of Cohu from a hold rating to a buy rating in a research report on Tuesday, May 8th. Zacks Investment Research downgraded shares of Cohu from a hold rating to a sell rating in a research report on Friday, February 23rd. Dougherty & Co reissued a buy rating on shares of Cohu in a research report on Wednesday, February 21st. ValuEngine downgraded shares of Cohu from a buy rating to a hold rating in a research report on Monday, April 2nd. Finally, B. Riley cut their target price on shares of Cohu from $31.00 to $30.00 and set a buy rating on the stock in a research report on Friday, February 16th. One equities research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of Buy and an average target price of $24.80.

NASDAQ COHU opened at $23.51 on Friday. The company has a current ratio of 3.81, a quick ratio of 3.00 and a debt-to-equity ratio of 0.02. The stock has a market cap of $680.50 million, a price-to-earnings ratio of 17.54, a price-to-earnings-growth ratio of 1.94 and a beta of 0.96. Cohu has a one year low of $23.33 and a one year high of $23.95.

Cohu (NASDAQ:COHU) last posted its earnings results on Tuesday, May 8th. The semiconductor company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. The business had revenue of $95.20 million for the quarter, compared to the consensus estimate of $93.07 million. Cohu had a net margin of 9.33% and a return on equity of 14.10%. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.24 EPS. equities research analysts expect that Cohu will post 1.52 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 27th. Stockholders of record on Friday, June 15th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.02%. The ex-dividend date of this dividend is Thursday, June 14th. Cohu’s payout ratio is currently 17.91%.

In other news, Director Robert L. Ciardella sold 5,000 shares of Cohu stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $19.53, for a total value of $97,650.00. Following the transaction, the director now owns 80,887 shares of the company’s stock, valued at approximately $1,579,723.11. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.88% of the stock is owned by insiders.

A number of hedge funds have recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its stake in Cohu by 3.5% in the 1st quarter. Principal Financial Group Inc. now owns 229,372 shares of the semiconductor company’s stock worth $5,232,000 after purchasing an additional 7,849 shares in the last quarter. Cooke & Bieler LP boosted its stake in Cohu by 11.4% in the 1st quarter. Cooke & Bieler LP now owns 1,077,278 shares of the semiconductor company’s stock worth $24,573,000 after purchasing an additional 110,498 shares in the last quarter. New York State Common Retirement Fund boosted its stake in Cohu by 65.5% in the 1st quarter. New York State Common Retirement Fund now owns 50,976 shares of the semiconductor company’s stock worth $1,163,000 after purchasing an additional 20,176 shares in the last quarter. First Republic Investment Management Inc. acquired a new stake in Cohu in the 1st quarter worth approximately $220,000. Finally, Denver Investment Advisors LLC acquired a new stake in Cohu in the 1st quarter worth approximately $5,564,000. Institutional investors own 85.47% of the company’s stock.

About Cohu

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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