Shares of Cohu, Inc. (NASDAQ:COHU) have earned a consensus recommendation of “Buy” from the seven analysts that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $27.00.
Several brokerages recently weighed in on COHU. ValuEngine raised shares of Cohu from a “hold” rating to a “buy” rating in a research report on Friday, June 1st. Stifel Nicolaus lowered shares of Cohu from a “buy” rating to a “hold” rating in a research report on Monday, May 28th. BidaskClub raised shares of Cohu from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 12th. Dougherty & Co reaffirmed a “buy” rating on shares of Cohu in a research report on Wednesday, February 21st. Finally, Zacks Investment Research raised shares of Cohu from a “sell” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Wednesday, April 18th.
In other Cohu news, Director William Bendush sold 3,000 shares of the stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $23.20, for a total transaction of $69,600.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Fellenberg Ian Von sold 22,019 shares of the stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of $24.51, for a total value of $539,685.69. Following the transaction, the vice president now owns 87,054 shares in the company, valued at approximately $2,133,693.54. The disclosure for this sale can be found here. Company insiders own 3.88% of the company’s stock.
A number of hedge funds have recently made changes to their positions in COHU. Bank of Montreal Can grew its holdings in Cohu by 10.0% during the fourth quarter. Bank of Montreal Can now owns 89,175 shares of the semiconductor company’s stock valued at $1,957,000 after purchasing an additional 8,088 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Cohu by 60.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 194,648 shares of the semiconductor company’s stock valued at $4,273,000 after purchasing an additional 73,541 shares during the last quarter. Assenagon Asset Management S.A. acquired a new position in Cohu during the fourth quarter valued at approximately $1,536,000. LSV Asset Management grew its holdings in Cohu by 51.9% during the fourth quarter. LSV Asset Management now owns 234,700 shares of the semiconductor company’s stock valued at $5,151,000 after purchasing an additional 80,200 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in Cohu by 8.1% during the fourth quarter. Victory Capital Management Inc. now owns 91,241 shares of the semiconductor company’s stock valued at $2,002,000 after purchasing an additional 6,866 shares during the last quarter. Institutional investors own 87.52% of the company’s stock.
Cohu traded down $0.40, hitting $25.53, during midday trading on Friday, according to Marketbeat. 422,800 shares of the company’s stock traded hands, compared to its average volume of 269,763. The firm has a market cap of $727.16 million, a PE ratio of 19.05, a PEG ratio of 2.08 and a beta of 0.95. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.00 and a current ratio of 3.81. Cohu has a one year low of $15.55 and a one year high of $26.17.
Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Tuesday, May 8th. The semiconductor company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.03. The firm had revenue of $95.20 million for the quarter, compared to analyst estimates 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 earned $0.24 earnings per share. sell-side analysts anticipate that Cohu will post 1.52 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 27th. Shareholders of record on Friday, June 15th will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, June 14th. This represents a $0.24 annualized dividend and a yield of 0.94%. Cohu’s dividend payout ratio (DPR) is presently 17.91%.
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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