Cohu, Inc. (NASDAQ:COHU) declared a quarterly dividend on Monday, November 5th, NASDAQ reports. Investors of record on Friday, November 16th will be given a dividend of 0.06 per share by the semiconductor company on Wednesday, January 2nd. This represents a $0.24 annualized dividend and a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, November 15th.
Cohu has a dividend payout ratio of 15.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Cohu to earn $1.72 per share next year, which means the company should continue to be able to cover its $0.24 annual dividend with an expected future payout ratio of 14.0%.
NASDAQ:COHU opened at $18.86 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.93 and a current ratio of 3.58. Cohu has a one year low of $17.60 and a one year high of $27.83. The stock has a market capitalization of $527.66 million, a P/E ratio of 14.07, a price-to-earnings-growth ratio of 1.15 and a beta of 1.29.
Cohu (NASDAQ:COHU) last released its quarterly earnings results on Monday, November 5th. The semiconductor company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.08). Cohu had a return on equity of 13.46% and a net margin of 8.62%. The business had revenue of $86.20 million during the quarter, compared to analyst estimates of $92.03 million. During the same quarter last year, the firm posted $0.43 EPS. The company’s revenue was down 8.0% compared to the same quarter last year. As a group, equities research analysts predict that Cohu will post 1.26 earnings per share for the current year.
In related news, VP Hock Woo Chiang sold 15,825 shares of the business’s stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $27.59, for a total value of $436,611.75. Following the completion of the sale, the vice president now directly owns 71,947 shares of the company’s stock, valued at $1,985,017.73. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 3.88% of the stock is owned by insiders.
Several research firms recently commented on COHU. ValuEngine cut Cohu from a “hold” rating to a “sell” rating in a research note on Monday, September 17th. BidaskClub raised Cohu from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 8th. DA Davidson lowered their price objective on Cohu to $28.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Stifel Nicolaus boosted their price objective on Cohu from $29.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, October 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $28.75.
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Cohu, Inc, through its subsidiaries, engages in the development, manufacture, sale, and servicing of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, and thermal sub-systems for semiconductor manufacturers and test subcontractors worldwide.
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