Cohu (NASDAQ:COHU) Upgraded to Sell by BidaskClub

BidaskClub upgraded shares of Cohu (NASDAQ:COHU) from a strong sell rating to a sell rating in a research report sent to investors on Tuesday morning, BidAskClub reports.

COHU has been the topic of a number of other reports. B. Riley restated a buy rating on shares of Cohu in a research note on Tuesday, March 5th. Zacks Investment Research downgraded Cohu from a hold rating to a sell rating in a research note on Tuesday, April 2nd. ValuEngine upgraded Cohu from a sell rating to a hold rating in a research note on Wednesday, May 1st. TheStreet downgraded Cohu from a b- rating to a c rating in a research note on Wednesday, March 13th. Finally, DA Davidson restated a buy rating on shares of Cohu in a research note on Wednesday, March 13th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $24.67.

Shares of COHU stock opened at $16.68 on Tuesday. Cohu has a twelve month low of $14.08 and a twelve month high of $27.83. The company has a market capitalization of $677.19 million, a price-to-earnings ratio of 13.45, a P/E/G ratio of 5.05 and a beta of 1.28. The company has a current ratio of 3.22, a quick ratio of 2.27 and a debt-to-equity ratio of 0.70.

Cohu (NASDAQ:COHU) last announced its earnings results on Monday, May 6th. The semiconductor company reported ($0.10) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.01). Cohu had a negative net margin of 12.48% and a positive return on equity of 6.17%. The company had revenue of $147.81 million during the quarter, compared to analysts’ expectations of $145.00 million. During the same quarter last year, the business posted $0.36 earnings per share. The company’s revenue for the quarter was up 55.3% compared to the same quarter last year. On average, equities analysts expect that Cohu will post 0.33 EPS for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Investors of record on Friday, June 14th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.44%. Cohu’s dividend payout ratio (DPR) is presently 19.35%.

In other Cohu news, VP Jeffrey D. Jones purchased 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were purchased at an average cost of $14.35 per share, for a total transaction of $57,400.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William Bendush sold 3,000 shares of Cohu stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $16.52, for a total value of $49,560.00. The disclosure for this sale can be found here. 3.52% of the stock is owned by insiders.

Institutional investors have recently bought and sold shares of the stock. Pearl River Capital LLC purchased a new stake in shares of Cohu in the fourth quarter valued at approximately $26,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Cohu by 43.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,387 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 722 shares during the last quarter. Cambria Investment Management L.P. acquired a new position in Cohu during the first quarter worth $51,000. Flinton Capital Management LLC raised its holdings in Cohu by 27.6% during the fourth quarter. Flinton Capital Management LLC now owns 4,592 shares of the semiconductor company’s stock worth $74,000 after purchasing an additional 992 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Cohu during the fourth quarter worth $122,000. Hedge funds and other institutional investors own 91.62% of the company’s stock.

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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