Cohu, Inc. (NASDAQ:COHU)‘s stock had its “buy” rating reissued by B. Riley in a report released on Tuesday. They presently have a $14.00 price target on the stock. B. Riley’s target price would suggest a potential downside of 18.79% from the stock’s previous close.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Cohu from a “buy” rating to a “hold” rating in a report on Wednesday, November 2nd. TheStreet upgraded shares of Cohu from a “hold” rating to a “buy” rating in a report on Tuesday, November 22nd.
Shares of Cohu (NASDAQ:COHU) traded up 0.82% during trading on Tuesday, reaching $17.24. 985,350 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $15.87 and a 200-day moving average price of $13.18. The company has a market capitalization of $462.84 million, a PE ratio of 153.93 and a beta of 0.80. Cohu has a 52-week low of $10.01 and a 52-week high of $17.83.
Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Thursday, February 16th. The company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.15. Cohu had a net margin of 1.06% and a return on equity of 3.04%. The company had revenue of $70.70 million for the quarter, compared to the consensus estimate of $65.12 million. During the same quarter in the previous year, the firm posted $0.09 EPS. The business’s revenue was up 11.3% compared to the same quarter last year. On average, equities analysts forecast that Cohu will post $1.16 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Tuesday, February 28th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Friday, February 24th. This represents a $0.24 dividend on an annualized basis and a yield of 1.39%. Cohu’s payout ratio is currently 218.20%.
In related news, VP Jeffrey D. Jones sold 13,750 shares of the company’s stock in a transaction dated Friday, February 24th. The shares were sold at an average price of $16.13, for a total value of $221,787.50. Following the sale, the vice president now owns 190,363 shares of the company’s stock, valued at $3,070,555.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Hock Woo Chiang sold 6,000 shares of the company’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $17.08, for a total transaction of $102,480.00. Following the completion of the sale, the vice president now directly owns 84,975 shares in the company, valued at approximately $1,451,373. The disclosure for this sale can be found here. In the last three months, insiders sold 45,653 shares of company stock worth $747,850. 5.97% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of COHU. Wells Fargo & Company MN boosted its stake in Cohu by 34.8% in the third quarter. Wells Fargo & Company MN now owns 9,289 shares of the company’s stock worth $109,000 after buying an additional 2,400 shares during the last quarter. Springbank Value Partners LP boosted its stake in Cohu by 11.8% in the first quarter. Springbank Value Partners LP now owns 9,500 shares of the company’s stock worth $113,000 after buying an additional 1,000 shares during the last quarter. Analytic Investors LLC acquired a new stake in Cohu during the third quarter worth $119,000. Louisiana State Employees Retirement System boosted its stake in Cohu by 1.8% in the second quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the company’s stock worth $122,000 after buying an additional 200 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in Cohu by 29.7% in the second quarter. PNC Financial Services Group Inc. now owns 12,199 shares of the company’s stock worth $132,000 after buying an additional 2,793 shares during the last quarter. 83.69% of the stock is currently owned by institutional investors and hedge funds.
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. The Company develops, manufactures, sells and services a line of equipment capable of handling a range of integrated circuits and light-emitting diodes (LEDs).