Cohu, Inc. (NASDAQ:COHU) declared a quarterly dividend on Monday, May 6th, Zacks reports. Stockholders of record on Friday, June 14th will be given a dividend of 0.06 per share by the semiconductor company on Friday, July 26th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, June 13th.
Cohu has increased its dividend payment by an average of 10.1% annually over the last three years. Cohu has a payout ratio of 15.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Cohu to earn $1.60 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 15.0%.
COHU stock opened at $16.68 on Wednesday. The stock has a market capitalization of $677.19 million, a PE ratio of 13.45, a P/E/G ratio of 5.05 and a beta of 1.28. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.22 and a quick ratio of 2.27. Cohu has a 12 month low of $14.08 and a 12 month high of $27.83.
Cohu (NASDAQ:COHU) last posted its earnings results on Monday, May 6th. The semiconductor company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The company had revenue of $147.81 million during the quarter, compared to the consensus estimate of $145.00 million. Cohu had a positive return on equity of 6.17% and a negative net margin of 12.48%. The firm’s revenue was up 55.3% compared to the same quarter last year. During the same period last year, the company posted $0.36 EPS. As a group, analysts anticipate that Cohu will post 0.33 EPS for the current year.
In other news, VP Jeffrey D. Jones purchased 4,000 shares of the stock in a transaction on Thursday, May 23rd. The stock was purchased at an average price of $14.35 per share, for a total transaction of $57,400.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William Bendush sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $16.52, for a total transaction of $49,560.00. The disclosure for this sale can be found here. 3.52% of the stock is owned by company insiders.
COHU has been the subject of a number of research reports. Zacks Investment Research upgraded shares of Cohu from a “sell” rating to a “hold” rating in a report on Thursday, April 25th. BidaskClub lowered shares of Cohu from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 22nd. ValuEngine upgraded shares of Cohu from a “sell” rating to a “hold” rating in a report on Wednesday, May 1st. TheStreet lowered shares of Cohu from a “b-” rating to a “c” rating in a report on Wednesday, March 13th. Finally, B. Riley reiterated a “buy” rating and issued a $24.00 price objective (down previously from $26.00) on shares of Cohu in a report on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. Cohu currently has an average rating of “Hold” and a consensus price target of $24.67.
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Cohu Company Profile
Cohu, Inc, through its subsidiaries, provides semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, thermal sub-systems, semiconductor automated test equipment (ATE), and bare board printed circuit board (PCB) test systems for semiconductor and electronics manufacturers, and test subcontractors worldwide.
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