Cohu, Inc. (COHU) Receives Average Rating of “Buy” from Brokerages

Cohu, Inc. (NASDAQ:COHU) has been assigned an average recommendation of “Buy” from the seven research firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $24.50.

Several analysts have weighed in on COHU shares. B. Riley lifted their target price on Cohu from $28.00 to $31.00 and gave the company a “buy” rating in a research note on Friday, November 3rd. Needham & Company LLC reaffirmed a “buy” rating and set a $24.00 target price on shares of Cohu in a research note on Friday, October 27th. ValuEngine downgraded Cohu from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Zacks Investment Research downgraded Cohu from a “buy” rating to a “hold” rating in a research note on Wednesday, January 3rd.

In other news, VP Hock Woo Chiang sold 10,000 shares of Cohu stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $24.78, for a total transaction of $247,800.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director James A. Donahue sold 36,750 shares of Cohu stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $24.76, for a total value of $909,930.00. Following the transaction, the director now owns 443,472 shares in the company, valued at $10,980,366.72. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 81,750 shares of company stock worth $2,025,080. 6.46% of the stock is owned by insiders.

Hedge funds have recently modified their holdings of the company. SG Americas Securities LLC acquired a new position in shares of Cohu during the 3rd quarter valued at $102,000. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Cohu during the 3rd quarter valued at $106,000. Tudor Investment Corp ET AL acquired a new position in shares of Cohu during the 2nd quarter valued at $197,000. PNC Financial Services Group Inc. increased its position in shares of Cohu by 14.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 12,452 shares of the semiconductor company’s stock valued at $197,000 after purchasing an additional 1,613 shares during the period. Finally, Palouse Capital Management Inc. acquired a new position in shares of Cohu during the 3rd quarter valued at $202,000. Institutional investors own 83.12% of the company’s stock.

Shares of Cohu (NASDAQ:COHU) opened at $24.01 on Friday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.89 and a current ratio of 3.62. The firm has a market capitalization of $655.72, a price-to-earnings ratio of 24.50 and a beta of 0.85. Cohu has a 12 month low of $12.64 and a 12 month high of $26.17.

Cohu (NASDAQ:COHU) last announced its earnings results on Thursday, November 2nd. The semiconductor company reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.04. The firm had revenue of $93.70 million for the quarter, compared to the consensus estimate of $91.43 million. Cohu had a return on equity of 14.67% and a net margin of 8.26%. The firm’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 EPS. equities research analysts expect that Cohu will post 1.37 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, November 17th were given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend was Thursday, November 16th. Cohu’s dividend payout ratio (DPR) is presently 24.49%.

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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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