Cohu, Inc. (COHU) VP Hock Woo Chiang Sells 10,000 Shares
Cohu, Inc. (NASDAQ:COHU) VP Hock Woo Chiang sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $24.78, for a total transaction of $247,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Hock Woo Chiang also recently made the following trade(s):
- On Thursday, August 31st, Hock Woo Chiang sold 10,844 shares of Cohu stock. The shares were sold at an average price of $18.77, for a total transaction of $203,541.88.
Cohu, Inc. (COHU) opened at $24.98 on Tuesday. The stock has a market cap of $699.85, a P/E ratio of 19.03 and a beta of 0.89. Cohu, Inc. has a 1 year low of $11.90 and a 1 year high of $26.17. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.62 and a quick ratio of 2.89.
Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.04. The firm had revenue of $93.70 million for the quarter, compared to the consensus estimate of $91.43 million. Cohu had a net margin of 8.26% and a return on equity of 14.67%. The company’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.14 EPS. equities research analysts forecast that Cohu, Inc. will post 1.37 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, November 17th will be given a $0.06 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.96%. Cohu’s dividend payout ratio (DPR) is currently 24.49%.
Several equities research analysts recently commented on COHU shares. Needham & Company LLC upgraded shares of Cohu from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Monday, September 18th. ValuEngine upgraded shares of Cohu from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. BidaskClub upgraded shares of Cohu from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Zacks Investment Research downgraded shares of Cohu from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, B. Riley reiterated a “buy” rating and set a $28.00 target price on shares of Cohu in a research report on Saturday, August 26th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Cohu currently has an average rating of “Buy” and a consensus price target of $25.40.
Hedge funds and other institutional investors have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Cohu in the 3rd quarter worth approximately $102,000. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Cohu in the 3rd quarter worth approximately $106,000. BNP Paribas Arbitrage SA lifted its position in shares of Cohu by 67.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,085 shares of the semiconductor company’s stock worth $127,000 after purchasing an additional 3,264 shares during the period. Bank of Montreal Can acquired a new position in shares of Cohu in the 2nd quarter worth approximately $130,000. Finally, Palouse Capital Management Inc. acquired a new position in shares of Cohu in the 3rd quarter worth approximately $202,000. Hedge funds and other institutional investors own 85.13% 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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