Cohu, Inc. (COHU) Lifted to “Hold” at BidaskClub
Cohu, Inc. (NASDAQ:COHU) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.
A number of other research firms have also commented on COHU. B. Riley reaffirmed a “buy” rating and set a $25.00 price objective on shares of Cohu in a research note on Wednesday, May 3rd. Dougherty & Co upped their price objective on shares of Cohu from $23.50 to $24.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Zacks Investment Research raised shares of Cohu from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a research note on Thursday, May 4th. Finally, ValuEngine raised shares of Cohu from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $22.75.
Shares of Cohu (NASDAQ:COHU) traded up 0.67% during midday trading on Wednesday, hitting $18.02. 126,360 shares of the stock were exchanged. The stock has a market cap of $503.82 million, a P/E ratio of 26.04 and a beta of 0.88. Cohu has a one year low of $10.49 and a one year high of $21.64. The stock’s 50-day moving average price is $17.80 and its 200 day moving average price is $17.46.
Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Cohu had a net margin of 6.21% and a return on equity of 11.59%. The company had revenue of $93.90 million during the quarter, compared to analyst estimates of $92.91 million. During the same period in the prior year, the firm earned $0.23 earnings per share. The business’s quarterly revenue was up 22.9% on a year-over-year basis. On average, analysts anticipate that Cohu will post $1.54 earnings per share for the current year.
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In other news, Director James A. Donahue sold 75,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $17.87, for a total value of $1,340,250.00. Following the transaction, the director now 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 is available through the SEC website. Also, Chairman James A. Donahue sold 25,000 shares of the company’s stock in a transaction dated Tuesday, May 30th. The shares were sold at an average price of $18.11, for a total value of $452,750.00. Following the completion of the transaction, the chairman now owns 431,328 shares in the company, valued at approximately $7,811,350.08. The disclosure for this sale can be found here. Insiders sold a total of 102,639 shares of company stock worth $1,841,056 in the last quarter. 5.97% of the stock is owned by corporate insiders.
Several institutional investors have recently modified their holdings of COHU. Ameriprise Financial Inc. increased its position in shares of Cohu by 326.9% in the second quarter. Ameriprise Financial Inc. now owns 684,149 shares of the semiconductor company’s stock worth $10,769,000 after buying an additional 523,887 shares in the last quarter. Acadian Asset Management LLC increased its position in shares of Cohu by 124.8% in the first quarter. Acadian Asset Management LLC now owns 385,822 shares of the semiconductor company’s stock worth $7,120,000 after buying an additional 214,171 shares in the last quarter. Oxford Asset Management acquired a new position in shares of Cohu during the first quarter worth $2,917,000. Systematic Financial Management LP increased its position in shares of Cohu by 20.6% in the second quarter. Systematic Financial Management LP now owns 843,310 shares of the semiconductor company’s stock worth $13,274,000 after buying an additional 143,783 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Cohu by 10.1% in the first quarter. Vanguard Group Inc. now owns 1,407,360 shares of the semiconductor company’s stock worth $25,980,000 after buying an additional 129,316 shares in the last quarter. Institutional investors own 78.24% of the company’s stock.
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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