Somewhat Positive News Coverage Somewhat Unlikely to Impact Cohu (COHU) Stock Price
News stories about Cohu (NASDAQ:COHU) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. Accern identifies positive and negative press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Cohu earned a daily sentiment score of 0.08 on Accern’s scale. Accern also assigned media stories about the semiconductor company an impact score of 45.1432679364019 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.
Cohu (NASDAQ COHU) traded up 0.749% on Wednesday, reaching $24.885. The company had a trading volume of 54,319 shares. The stock has a market capitalization of $695.76 million, a PE ratio of 35.961 and a beta of 0.92. The stock’s 50 day moving average price is $21.58 and its 200-day moving average price is $19.00. Cohu has a 12-month low of $10.72 and a 12-month high of $24.91.
Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.39 by $0.03. The business had revenue of $93.90 million for the quarter, compared to analysts’ expectations of $92.91 million. Cohu had a net margin of 6.21% and a return on equity of 11.59%. The business’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 EPS. Equities analysts expect that Cohu will post $1.54 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, August 25th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Wednesday, August 23rd. Cohu’s payout ratio is currently 34.78%.
A number of equities research analysts recently issued reports on COHU shares. ValuEngine upgraded Cohu from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Zacks Investment Research upgraded Cohu from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective on the stock in a research report on Monday, August 21st. BidaskClub upgraded Cohu from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Needham & Company LLC reiterated a “hold” rating on shares of Cohu in a research report on Friday, September 1st. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $19.00 price objective (up previously from $17.00) on shares of Cohu in a research report on Monday, July 17th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $23.00.
In other news, Director James A. Donahue sold 75,000 shares of the company’s stock in a transaction dated 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 sale, the director now directly owns 444,049 shares in the company, valued at approximately $7,935,155.63. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Hock Woo Chiang sold 10,844 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $18.77, for a total transaction of $203,541.88. Following the sale, the vice president now owns 90,332 shares in the company, valued at $1,695,531.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 235,844 shares of company stock worth $4,736,542. Corporate insiders own 6.46% 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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