Cohu, Inc. (COHU) Director Sells $248,600.00 in Stock
Cohu, Inc. (NASDAQ:COHU) Director Steven J. Bilodeau sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $24.86, for a total value of $248,600.00. Following the completion of the sale, the director now owns 95,184 shares of the company’s stock, valued at approximately $2,366,274.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of Cohu, Inc. (NASDAQ COHU) opened at $24.88 on Friday. Cohu, Inc. has a 52 week low of $11.90 and a 52 week high of $26.17. The company has a current ratio of 3.62, a quick ratio of 2.89 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $703.81, a P/E ratio of 19.14 and a beta of 0.89.
Cohu (NASDAQ:COHU) last released its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.04. Cohu had a return on equity of 14.67% and a net margin of 8.26%. The business had revenue of $93.70 million during the quarter, compared to analysts’ expectations of $91.43 million. During the same quarter in the prior year, the business earned $0.14 earnings per share. The company’s quarterly revenue was up 35.2% compared to the same quarter last year. research analysts forecast that Cohu, Inc. will post 1.37 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, November 17th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.96%. The ex-dividend date of this dividend is Thursday, November 16th. Cohu’s dividend payout ratio (DPR) is presently 24.49%.
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Several institutional investors have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio raised its stake in shares of Cohu by 10.9% during the third quarter. Public Employees Retirement System of Ohio now owns 26,971 shares of the semiconductor company’s stock worth $643,000 after purchasing an additional 2,647 shares during the last quarter. Delphi Management Inc. MA raised its stake in shares of Cohu by 6.0% during the third quarter. Delphi Management Inc. MA now owns 48,014 shares of the semiconductor company’s stock worth $1,145,000 after purchasing an additional 2,735 shares during the last quarter. Highbridge Capital Management LLC raised its stake in shares of Cohu by 42.8% during the third quarter. Highbridge Capital Management LLC now owns 20,387 shares of the semiconductor company’s stock worth $486,000 after purchasing an additional 6,113 shares during the last quarter. Cornerstone Capital Management Holdings LLC. purchased a new stake in shares of Cohu during the third quarter worth approximately $106,000. Finally, Royce & Associates LP raised its stake in shares of Cohu by 62.6% during the third quarter. Royce & Associates LP now owns 1,042,514 shares of the semiconductor company’s stock worth $24,854,000 after purchasing an additional 401,281 shares during the last quarter. Institutional investors and hedge funds own 85.13% of the company’s stock.
A number of brokerages have weighed in on COHU. Needham & Company LLC upgraded Cohu from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research note on Monday, September 18th. ValuEngine upgraded Cohu from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. BidaskClub upgraded Cohu from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Zacks Investment Research cut Cohu from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, B. Riley reiterated a “buy” rating and issued a $28.00 price objective on shares of Cohu in a research note on Saturday, August 26th. Two equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $25.40.
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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