Cohu Inc. (COHU) Sees Strong Trading Volume
Cohu Inc. (NASDAQ:COHU) saw unusually-strong trading volume on Friday . Approximately 190,441 shares were traded 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.
Several equities analysts recently weighed in on COHU shares. B. Riley reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Cohu in a research note on Wednesday, May 4th. Zacks Investment Research raised Cohu from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a research note on Wednesday, May 4th. Finally, TheStreet raised Cohu from a “hold” rating to a “buy” rating in a research note on Thursday, June 9th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $14.00.
The firm has a 50-day moving average of $10.95 and a 200-day moving average of $11.41. The company has a market capitalization of $280.91 million and a P/E ratio of 73.64.
Cohu (NASDAQ:COHU) last posted its earnings results on Thursday, July 28th. The company reported $0.22 EPS for the quarter, beating the Thomson Reuters’ 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 period last year, the company posted $0.27 earnings per share. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, analysts forecast that Cohu Inc. will post $0.48 EPS for the current fiscal year.
The business also recently announced 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. This represents a $0.24 annualized dividend and a dividend yield of 2.28%. The ex-dividend date is Wednesday, August 24th.
A hedge fund recently bought a new stake in Cohu stock. Piermont Capital Management Inc. bought a new stake in shares of Cohu Inc. (NASDAQ:COHU) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 110,088 shares of the company’s stock, valued at approximately $1,329,000. Piermont Capital Management Inc. owned about 0.42% of Cohu as of its most recent SEC filing.
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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