James A. Donahue Sells 36,750 Shares of Cohu, Inc. (COHU) Stock
Cohu, Inc. (NASDAQ:COHU) Director James A. Donahue sold 36,750 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $24.76, for a total value of $909,930.00. Following the completion of the sale, the director now owns 443,472 shares of the company’s stock, valued at $10,980,366.72. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of Cohu, Inc. (COHU) opened at $24.42 on Friday. The stock has a market cap of $726.40 million, a PE ratio of 19.99 and a beta of 0.89. The company has a quick ratio of 2.52, a current ratio of 3.23 and a debt-to-equity ratio of 0.02.
Cohu (NASDAQ:COHU) last released its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. The business had revenue of $93.70 million for the quarter, compared to analysts’ expectations of $91.43 million. Cohu had a return on equity of 15.12% and a net margin of 8.26%. Cohu’s quarterly revenue was up 35.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.14 earnings per share. equities analysts forecast that Cohu, Inc. will post 1.35 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, November 17th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Thursday, November 16th. Cohu’s dividend payout ratio is presently 24.49%.
A number of large investors have recently made changes to their positions in the business. BNP Paribas Arbitrage SA grew its position in Cohu by 74.8% in the third quarter. BNP Paribas Arbitrage SA now owns 14,135 shares of the semiconductor company’s stock valued at $337,000 after acquiring an additional 6,050 shares during the period. Principal Financial Group Inc. grew its position in Cohu by 8.8% in the third quarter. Principal Financial Group Inc. now owns 216,367 shares of the semiconductor company’s stock valued at $5,158,000 after acquiring an additional 17,524 shares during the period. Cavalier Investments LLC bought a new stake in Cohu in the third quarter valued at $527,000. IndexIQ Advisors LLC grew its position in Cohu by 83.0% in the third quarter. IndexIQ Advisors LLC now owns 46,950 shares of the semiconductor company’s stock valued at $1,119,000 after acquiring an additional 21,300 shares during the period. Finally, Palouse Capital Management Inc. bought a new stake in Cohu in the third quarter valued at $202,000. Hedge funds and other institutional investors own 83.41% of the company’s stock.
Several brokerages have commented on COHU. Needham & Company LLC raised Cohu from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Monday, September 18th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $19.00 price target (up from $17.00) on shares of Cohu in a research report on Monday, July 17th. ValuEngine raised Cohu from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. BidaskClub raised Cohu from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Zacks Investment Research downgraded Cohu from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $23.60.
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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