Cohu Inc. (COHU) Trading Up 4.1%
Cohu Inc. (NASDAQ:COHU) was up 4.1% during mid-day trading on Tuesday . The company traded as high as $11.25 and last traded at $11.21, with a volume of 65,020 shares changing hands. The stock had previously closed at $10.77.
A number of equities research analysts have issued reports on COHU shares. Zacks Investment Research raised 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. B. Riley reiterated a “buy” rating and set a $15.00 target price on shares of Cohu in a research report on Wednesday, May 4th. Finally, TheStreet downgraded Cohu from a “buy” rating to a “hold” rating in a research report on Thursday, May 12th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Cohu presently has a consensus rating of “Hold” and an average target price of $14.00.
The company’s 50-day moving average price is $10.94 and its 200-day moving average price is $11.37. The stock has a market capitalization of $297.72 million and a PE ratio of 78.04.
Cohu (NASDAQ:COHU) last released its earnings results on Thursday, July 28th. The company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. During the same period last year, the firm earned $0.27 EPS. The firm had revenue of $76.40 million for the quarter, compared to analyst estimates of $73.93 million. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. Analysts predict that Cohu Inc. will post $0.48 earnings per share for the current fiscal year.
The business also recently declared 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 2.15%. The ex-dividend date of this dividend is Wednesday, August 24th.
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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