Cohu, Inc. (COHU) Rating Reiterated by Needham & Company LLC
Cohu, Inc. (NASDAQ:COHU)‘s stock had its “hold” rating reissued by equities research analysts at Needham & Company LLC in a note issued to investors on Friday.
Other research analysts also recently issued research reports about the company. B. Riley reaffirmed a “buy” rating and issued a $14.00 price target on shares of Cohu in a research note on Friday, October 28th. Zacks Investment Research downgraded Cohu from a “buy” rating to a “hold” rating in a research note on Wednesday, November 2nd. Finally, TheStreet raised Cohu from a “hold” rating to a “buy” rating in a research note on Tuesday, November 22nd. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Cohu currently has a consensus rating of “Hold” and a consensus price target of $13.00.
Shares of Cohu (NASDAQ:COHU) opened at 13.64 on Friday. Cohu has a one year low of $10.01 and a one year high of $14.43. The company has a market cap of $364.34 million, a price-to-earnings ratio of 124.00 and a beta of 0.80. The firm’s 50-day moving average is $13.39 and its 200-day moving average is $12.06.
Cohu (NASDAQ:COHU) last posted its quarterly earnings results on Thursday, February 16th. The company reported $0.24 EPS for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.15. The business earned $70.70 million during the quarter, compared to the consensus estimate of $65.12 million. Cohu had a return on equity of 3.04% and a net margin of 1.06%. Cohu’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.09 earnings per share. Analysts expect that Cohu will post $0.50 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 14th. Investors of record on Tuesday, February 28th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.76%. Cohu’s dividend payout ratio (DPR) is presently 218.20%.
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A number of hedge funds and other institutional investors have recently bought and sold shares of COHU. Thrivent Financial for Lutherans increased its position in Cohu by 6.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,400 shares of the company’s stock worth $186,000 after buying an additional 770 shares during the period. PNC Financial Services Group Inc. increased its position in Cohu by 6.6% in the third quarter. PNC Financial Services Group Inc. now owns 13,000 shares of the company’s stock worth $152,000 after buying an additional 801 shares during the period. Springbank Value Partners LP increased its position in Cohu by 11.2% in the third quarter. Springbank Value Partners LP now owns 13,900 shares of the company’s stock worth $163,000 after buying an additional 1,400 shares during the period. Wells Fargo & Company MN increased its position in Cohu by 34.8% in the third quarter. Wells Fargo & Company MN now owns 9,289 shares of the company’s stock worth $109,000 after buying an additional 2,400 shares during the period. Finally, Deprince Race & Zollo Inc. increased its position in Cohu by 0.3% in the third quarter. Deprince Race & Zollo Inc. now owns 1,978,739 shares of the company’s stock worth $23,230,000 after buying an additional 5,145 shares during the period. 83.69% of the stock is owned by institutional investors and hedge funds.
Cohu Company Profile
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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