Cohu Inc. (COHU) Shares Down 4.6%
Cohu Inc. (NASDAQ:COHU)’s share price fell 4.6% during trading on Friday . The company traded as low as $10.29 and last traded at $10.61, with a volume of 61,643 shares traded. The stock had previously closed at $11.12.
A number of brokerages have commented on COHU. B. Riley restated a “buy” rating and set a $15.00 price objective on shares of Cohu in a research report on Friday, April 29th. TheStreet cut shares of Cohu from a “buy” rating to a “hold” rating in a research note on Thursday, May 12th. Finally, Zacks Investment Research raised shares of Cohu from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Wednesday, May 4th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Cohu presently has an average rating of “Buy” and a consensus price target of $14.00.
The firm has a 50-day moving average price of $11.33 and a 200-day moving average price of $11.53. The company has a market cap of $280.77 million and a price-to-earnings ratio of 257.56.
Cohu (NASDAQ:COHU) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.01. During the same period in the previous year, the business posted $0.27 EPS. The company had revenue of $76.40 million for the quarter, compared to analyst estimates of $73.93 million. The firm’s quarterly revenue was up 1.6% compared to the same quarter last year. Equities analysts predict that Cohu Inc. will post $0.73 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Friday, August 26th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 2.27%. The ex-dividend date of this dividend is Wednesday, August 24th.
A number of institutional investors have added to or reduced their stakes in COHU. Shell Asset Management Co. acquired a new position in Cohu during the fourth quarter worth approximately $1,049,000. GSA Capital Partners LLP increased its position in 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 in the last quarter. Comerica Bank increased its position in 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 in the last quarter. First Trust Advisors LP increased its position in 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 in the last quarter. Finally, Royce & Associates LLC increased its position in 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.
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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