Cohu Inc. (COHU) Trading Down 2.6%
Cohu Inc. (NASDAQ:COHU) fell 2.6% during mid-day trading on Thursday . The company traded as low as $11.24 and last traded at $11.32, with a volume of 72,388 shares traded. The stock had previously closed at $11.62.
A number of brokerages recently issued reports on COHU. B. Riley reiterated a “buy” rating and issued a $15.00 price objective on shares of Cohu in a report on Wednesday, May 4th. Zacks Investment Research upgraded shares of Cohu from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Wednesday, May 4th. Finally, TheStreet cut shares of Cohu from a “buy” rating to a “hold” rating in a report on Thursday, May 12th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $14.33.
The stock has a market capitalization of $299.91 million and a P/E ratio of 275.12. The stock’s 50 day moving average price is $11.48 and its 200-day moving average price is $11.53.
Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Thursday, April 28th. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.01. During the same period in the prior year, the business earned $0.03 earnings per share. The firm had revenue of $65.80 million for the quarter, compared to the consensus estimate of $64.10 million. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. On average, equities analysts predict that Cohu Inc. will post $0.73 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, June 17th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, June 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.13%.
Several institutional investors have recently made changes to their positions in the company. Royce & Associates LLC boosted its position in shares of Cohu by 1.5% in the fourth quarter. Royce & Associates LLC now owns 953,813 shares of the company’s stock worth $11,513,000 after buying an additional 14,190 shares in the last quarter. GSA Capital Partners LLP raised its stake in shares of Cohu by 3.8% in the fourth quarter. GSA Capital Partners LLP now owns 97,778 shares of the company’s stock worth $1,180,000 after buying an additional 3,609 shares during the last quarter. Comerica Bank raised its stake in shares of Cohu by 6.3% in the fourth quarter. Comerica Bank now owns 136,219 shares of the company’s stock worth $1,524,000 after buying an additional 8,088 shares during the last quarter. Shell Asset Management Co. bought a new stake in shares of Cohu during the fourth quarter worth approximately $1,049,000. Finally, First Trust Advisors LP raised its stake in shares of Cohu by 168.5% in the fourth quarter. First Trust Advisors LP now owns 166,294 shares of the company’s stock worth $2,007,000 after buying an additional 104,364 shares during the last quarter.
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. The Company develops, manufactures, sells and services a line of equipment capable of handling a range of integrated circuits and light-emitting diodes (LEDs).
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