Cohu Inc. (COHU) Sees Large Volume Increase
Shares of Cohu Inc. (NASDAQ:COHU) saw an uptick in trading volume on Friday . 190,441 shares traded hands during mid-day trading, an increase of 116% from the previous session’s volume of 88,122 shares.The stock last traded at $10.51 and had previously closed at $10.65.
A number of equities research analysts have recently weighed in on the company. TheStreet cut Cohu from a “buy” rating to a “hold” rating in a report on Friday, July 29th. B. Riley reaffirmed a “buy” rating and set a $15.00 price target on shares of Cohu in a report on Friday, April 29th. Finally, Zacks Investment Research raised Cohu from a “sell” rating to a “hold” rating in a report on Tuesday, August 9th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Cohu currently has an average rating of “Buy” and an average price target of $14.00.
The company has a market cap of $280.91 million and a price-to-earnings ratio of 73.64. The company’s 50-day moving average price is $10.95 and its 200-day moving average price is $11.41.
Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Thursday, July 28th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.01. The company had revenue of $76.40 million for the quarter, compared to the consensus estimate of $73.93 million. During the same quarter in the previous year, the firm posted $0.27 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. Equities research analysts expect that Cohu Inc. will post $0.48 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Friday, August 26th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, August 24th. This represents a $0.24 annualized dividend and a dividend yield of 2.28%.
An institutional investor recently bought a new position in Cohu stock. Piermont Capital Management Inc. acquired a new stake in Cohu Inc. (NASDAQ:COHU) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 110,088 shares of the company’s stock, valued at approximately $1,329,000. Piermont Capital Management Inc. owned 0.42% of Cohu as of its most recent filing with the SEC.
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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