Cohu, Inc. (NASDAQ:COHU) declared a quarterly dividend on Monday, November 5th, NASDAQ reports. Shareholders of record on Friday, November 16th will be paid a dividend of 0.06 per share by the semiconductor company on Wednesday, January 2nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date is Thursday, November 15th.
Cohu has a dividend payout ratio of 15.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Cohu to earn $1.72 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 14.0%.
Shares of COHU opened at $18.86 on Friday. The company has a market cap of $527.66 million, a P/E ratio of 14.07, a PEG ratio of 1.15 and a beta of 1.29. The company has a quick ratio of 2.93, a current ratio of 3.58 and a debt-to-equity ratio of 0.01. Cohu has a twelve month low of $17.60 and a twelve month high of $27.83.
COHU has been the subject of several analyst reports. Stifel Nicolaus raised their price target on shares of Cohu from $29.00 to $30.00 and gave the company a “buy” rating in a research report on Tuesday, October 2nd. BidaskClub downgraded shares of Cohu from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 26th. DA Davidson initiated coverage on shares of Cohu in a research report on Monday, September 24th. They set a “buy” rating and a $30.00 price target for the company. Finally, ValuEngine downgraded shares of Cohu from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Cohu has an average rating of “Hold” and a consensus price target of $28.75.
In related news, VP Hock Woo Chiang sold 15,825 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $27.59, for a total transaction of $436,611.75. Following the completion of the sale, the vice president now owns 71,947 shares of the company’s stock, valued at $1,985,017.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 3.88% of the stock is owned by company insiders.
ILLEGAL ACTIVITY WARNING: This article was first published by Sports Perspectives and is the sole property of of Sports Perspectives. If you are viewing this article on another domain, it was stolen and reposted in violation of United States & international copyright and trademark law. The original version of this article can be read at https://sportsperspectives.com/2018/11/10/cohu-inc-plans-quarterly-dividend-of-0-06-cohu.html.
Cohu Company Profile
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.
Read More: NASDAQ Stock Market Explained
Receive News & Ratings for Cohu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cohu and related companies with MarketBeat.com's FREE daily email newsletter.