Cohu, Inc. (COHU) Given Consensus Recommendation of “Buy” by Analysts
Cohu, Inc. (NASDAQ:COHU) has been assigned an average recommendation of “Buy” from the eight analysts that are presently covering the firm, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $22.75.
COHU has been the subject of a number of research reports. B. Riley restated a “buy” rating and set a $25.00 target price on shares of Cohu in a research report on Saturday, July 15th. ValuEngine upgraded shares of Cohu from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. BidaskClub upgraded shares of Cohu from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Dougherty & Co upped their target price on shares of Cohu from $23.50 to $24.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Finally, Zacks Investment Research lowered shares of Cohu from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 18th.
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Cohu (COHU) opened at 18.90 on Thursday. The firm has a market capitalization of $528.43 million, a P/E ratio of 27.31 and a beta of 0.88. The firm’s 50-day moving average is $18.07 and its 200 day moving average is $17.65. Cohu has a 12 month low of $10.63 and a 12 month high of $21.64.
Cohu (NASDAQ:COHU) last issued its earnings results on Thursday, July 27th. The semiconductor company reported $0.42 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 quarter in the prior year, the business earned $0.23 earnings per share. Cohu’s revenue for the quarter was up 22.9% on a year-over-year basis. On average, analysts expect that Cohu will post $1.54 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, August 25th will be given a dividend of $0.06 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $0.24 annualized dividend and a yield of 1.27%. Cohu’s dividend payout ratio (DPR) is currently 34.78%.
In other Cohu news, Director James A. Donahue sold 75,000 shares of the stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $17.87, for a total transaction of $1,340,250.00. Following the completion of the transaction, the director now owns 444,049 shares in the company, valued at $7,935,155.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 5.97% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in the company. Mason Street Advisors LLC raised its stake in Cohu by 7.6% in the first quarter. Mason Street Advisors LLC now owns 5,839 shares of the semiconductor company’s stock valued at $108,000 after buying an additional 411 shares during the period. BNP Paribas Arbitrage SA increased its position in Cohu by 67.7% in the second quarter. BNP Paribas Arbitrage SA now owns 8,085 shares of the semiconductor company’s stock valued at $127,000 after buying an additional 3,264 shares in the last quarter. Bank of Montreal Can bought a new position in Cohu during the second quarter valued at approximately $130,000. Louisiana State Employees Retirement System increased its position in Cohu by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the semiconductor company’s stock valued at $188,000 after buying an additional 200 shares in the last quarter. Finally, Acrospire Investment Management LLC increased its position in Cohu by 101.2% in the first quarter. Acrospire Investment Management LLC now owns 10,666 shares of the semiconductor company’s stock valued at $197,000 after buying an additional 5,366 shares in the last quarter. Hedge funds and other institutional investors own 83.91% of the company’s stock.
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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