Cohu, Inc. (COHU) Announces Quarterly Dividend of $0.06
Cohu, Inc. (NASDAQ:COHU) announced a quarterly dividend on Friday, November 3rd, Wall Street Journal reports. Stockholders of record on Friday, November 17th will be paid a dividend of 0.06 per share by the semiconductor company on Tuesday, January 2nd. This represents a $0.24 annualized dividend and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, November 16th.
Shares of Cohu (COHU) traded down $0.20 during mid-day trading on Friday, hitting $24.42. 667,608 shares of the stock traded hands, compared to its average volume of 210,780. The stock has a market cap of $726.40 million, a P/E ratio of 19.99 and a beta of 0.89.
Cohu (NASDAQ:COHU) last posted its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.04. The business had revenue of $93.70 million for the quarter, compared to analyst estimates of $91.43 million. Cohu had a return on equity of 15.12% and a net margin of 8.26%. The business’s revenue was up 35.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.14 EPS. equities research analysts predict that Cohu will post 1.35 EPS for the current fiscal year.
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In other Cohu news, Director James A. Donahue sold 75,000 shares of the stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $23.85, for a total value of $1,788,750.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, VP Hock Woo Chiang sold 10,844 shares of the stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $18.77, for a total value of $203,541.88. Following the completion of the sale, the vice president now directly owns 90,332 shares in the company, valued at $1,695,531.64. The disclosure for this sale can be found here. Insiders sold 197,594 shares of company stock worth $4,306,222 over the last ninety days. 6.46% of the stock is owned by corporate insiders.
COHU has been the topic of several research reports. B. Riley reissued a “buy” rating and set a $25.00 price target on shares of Cohu in a research report on Monday, July 10th. BidaskClub raised Cohu from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised Cohu from a “hold” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a research report on Friday, July 14th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $19.00 target price (up from $17.00) on shares of Cohu in a research report on Monday, July 17th. Finally, Dougherty & Co increased their target price on Cohu from $23.50 to $24.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. Three research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $23.60.
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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