Cohu, Inc. (COHU) Director James A. Donahue Sells 75,000 Shares
Cohu, Inc. (NASDAQ:COHU) Director James A. Donahue sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $23.85, for a total value of $1,788,750.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Cohu, Inc. (NASDAQ COHU) traded down 0.21% during mid-day trading on Wednesday, reaching $23.97. The company’s stock had a trading volume of 257,279 shares. The firm has a market cap of $670.18 million, a price-to-earnings ratio of 34.64 and a beta of 0.92. Cohu, Inc. has a 52-week low of $10.72 and a 52-week high of $24.72. The firm has a 50 day moving average price of $20.01 and a 200 day moving average price of $18.61.
Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.03. The firm had revenue of $93.90 million during the quarter, compared to analysts’ expectations of $92.91 million. Cohu had a return on equity of 11.59% and a net margin of 6.21%. The company’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.23 EPS. On average, equities analysts predict that Cohu, Inc. will post $1.54 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, August 25th will be issued a $0.06 dividend. The ex-dividend date is Wednesday, August 23rd. This represents a $0.24 annualized dividend and a yield of 1.00%. Cohu’s dividend payout ratio is presently 34.78%.
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A number of analysts have recently issued reports on the company. B. Riley restated a “buy” rating and set a $28.00 price objective on shares of Cohu in a research report on Friday, July 28th. Zacks Investment Research cut Cohu from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 28th. BidaskClub upgraded Cohu from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Stifel Nicolaus reiterated 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. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. Cohu has an average rating of “Buy” and a consensus target price of $23.00.
A number of hedge funds and other institutional investors have recently made changes to their positions in COHU. Wells Fargo & Company MN raised its holdings in Cohu by 102.4% in the 1st quarter. Wells Fargo & Company MN now owns 64,062 shares of the semiconductor company’s stock valued at $1,182,000 after acquiring an additional 32,408 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in Cohu by 8.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 37,796 shares of the semiconductor company’s stock valued at $697,000 after acquiring an additional 2,812 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Cohu by 1.0% in the 1st quarter. Bank of New York Mellon Corp now owns 409,994 shares of the semiconductor company’s stock valued at $7,568,000 after acquiring an additional 4,032 shares in the last quarter. State of Tennessee Treasury Department raised its holdings in Cohu by 17.8% in the 1st quarter. State of Tennessee Treasury Department now owns 24,124 shares of the semiconductor company’s stock valued at $445,000 after acquiring an additional 3,641 shares in the last quarter. Finally, Mason Street Advisors LLC raised its holdings in Cohu by 7.6% in the 1st quarter. Mason Street Advisors LLC now owns 5,839 shares of the semiconductor company’s stock valued at $108,000 after acquiring an additional 411 shares in the last quarter. 83.86% of the stock is owned by hedge funds and other institutional investors.
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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