Cohu, Inc. (NASDAQ:COHU) was up 0.6% during mid-day trading on Tuesday . The company traded as high as $23.50 and last traded at $23.40. Approximately 393,133 shares traded hands during mid-day trading, an increase of 44% from the average daily volume of 272,152 shares. The stock had previously closed at $23.27.
A number of equities research analysts have recently issued reports on COHU shares. B. Riley reaffirmed a “buy” rating and issued a $28.00 price objective on shares of Cohu in a research note on Friday, July 28th. Dougherty & Co upped their price objective on shares of Cohu from $23.50 to $24.00 and gave the company a “buy” rating in a research note on Friday, July 28th. BidaskClub raised shares of Cohu from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Zacks Investment Research raised shares of Cohu from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective for the company in a research note on Friday, July 14th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Cohu in a research note on Friday, September 1st. Two investment analysts have rated the stock with a hold rating, four have issued a buy rating and two have given a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $23.00.
The stock’s 50 day moving average price is $18.33 and its 200 day moving average price is $18.14. The firm has a market capitalization of $649.21 million, a P/E ratio of 33.55 and a beta of 0.88.
Cohu (NASDAQ:COHU) last posted its earnings results on Thursday, July 27th. The semiconductor company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Cohu had a net margin of 6.21% and a return on equity of 11.59%. The firm had revenue of $93.90 million during the quarter, compared to analyst estimates of $92.91 million. During the same period last year, the firm posted $0.23 earnings per share. Cohu’s revenue for the quarter was up 22.9% compared to the same quarter last year. Equities analysts forecast that Cohu, Inc. will post $1.54 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, August 25th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Wednesday, August 23rd. Cohu’s dividend payout ratio (DPR) is presently 34.78%.
In related news, Director James A. Donahue sold 75,000 shares of the firm’s stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $18.72, for a total value of $1,404,000.00. Following the completion of the transaction, the director now directly owns 444,049 shares of the company’s stock, valued at $8,312,597.28. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, VP Hock Woo Chiang sold 10,844 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $18.77, for a total transaction of $203,541.88. Following the completion of the transaction, the vice president now directly owns 90,332 shares of the company’s stock, valued at $1,695,531.64. The disclosure for this sale can be found here. Over the last three months, insiders sold 160,844 shares of company stock valued at $2,947,792. 5.97% of the stock is currently owned by insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Mason Street Advisors LLC boosted its stake in Cohu by 7.6% during the first quarter. Mason Street Advisors LLC now owns 5,839 shares of the semiconductor company’s stock worth $108,000 after buying an additional 411 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Cohu by 67.7% during the second quarter. BNP Paribas Arbitrage SA now owns 8,085 shares of the semiconductor company’s stock worth $127,000 after buying an additional 3,264 shares during the period. Bank of Montreal Can purchased a new position in Cohu during the second quarter worth $130,000. Louisiana State Employees Retirement System boosted its stake in Cohu by 2.0% during the first quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the semiconductor company’s stock worth $188,000 after buying an additional 200 shares during the period. Finally, Aperio Group LLC purchased a new position in Cohu during the second quarter worth $179,000. 83.86% of the stock is owned by institutional investors.
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Cohu Company Profile
Cohu, Inc is a supplier of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors and thermal sub-systems used by global semiconductor manufacturers and test subcontractors. It develops, manufactures, sells and services a line of equipment capable of handling a range of integrated circuits and light-emitting diodes.
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