Cohu (NASDAQ:COHU) announced its quarterly earnings results on Tuesday. The semiconductor company reported $0.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.03, Bloomberg Earnings reports. Cohu had a return on equity of 14.63% and a net margin of 9.31%. The business had revenue of $95.20 million for the quarter, compared to analyst estimates of $93.07 million. During the same quarter in the prior year, the company posted $0.24 EPS. The company’s quarterly revenue was up 17.4% on a year-over-year basis.
COHU traded up $0.75 during mid-day trading on Tuesday, hitting $23.35. 259,300 shares of the stock were exchanged, compared to its average volume of 225,084. Cohu has a 1-year low of $15.55 and a 1-year high of $26.17. The company has a current ratio of 3.49, a quick ratio of 2.76 and a debt-to-equity ratio of 0.02. The firm has a market cap of $645.27 million, a price-to-earnings ratio of 17.43, a PEG ratio of 1.88 and a beta of 0.96.
The company also recently announced a quarterly dividend, which was paid on Friday, April 13th. Investors of record on Tuesday, February 27th were paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.03%. The ex-dividend date was Monday, February 26th. Cohu’s payout ratio is 17.91%.
In related news, Director Robert L. Ciardella sold 5,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $19.53, for a total transaction 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 transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 3.88% of the stock is currently owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of COHU. BlackRock Inc. raised its position in Cohu by 4.8% in the 4th quarter. BlackRock Inc. now owns 3,700,110 shares of the semiconductor company’s stock valued at $81,218,000 after purchasing an additional 170,181 shares in the last quarter. Royce & Associates LP raised its position in Cohu by 2.4% in the 4th quarter. Royce & Associates LP now owns 1,067,533 shares of the semiconductor company’s stock valued at $23,432,000 after purchasing an additional 25,019 shares in the last quarter. Cooke & Bieler LP raised its position in Cohu by 8.7% in the 4th quarter. Cooke & Bieler LP now owns 966,780 shares of the semiconductor company’s stock valued at $21,221,000 after purchasing an additional 77,100 shares in the last quarter. Geode Capital Management LLC raised its position in Cohu by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 351,969 shares of the semiconductor company’s stock valued at $7,725,000 after purchasing an additional 6,338 shares in the last quarter. Finally, LSV Asset Management raised its position in Cohu by 26.9% in the 1st quarter. LSV Asset Management now owns 297,795 shares of the semiconductor company’s stock valued at $6,792,000 after purchasing an additional 63,095 shares in the last quarter. 85.33% of the stock is currently owned by hedge funds and other institutional investors.
COHU has been the topic of several recent analyst reports. ValuEngine raised Cohu from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. BidaskClub lowered Cohu from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. B. Riley decreased their price target on Cohu from $31.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, February 16th. Dougherty & Co reaffirmed a “buy” rating on shares of Cohu in a research note on Wednesday, February 21st. Finally, Zacks Investment Research lowered Cohu from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Cohu presently has an average rating of “Buy” and an average target price of $24.80.
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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