Cohu Inc. (COHU) Trading 7.1% Higher
Cohu Inc. (NASDAQ:COHU) shares traded up 7.1% during mid-day trading on Friday . The company traded as high as $11.20 and last traded at $11.18, with a volume of 90,327 shares. The stock had previously closed at $10.44.
Several brokerages recently issued reports on COHU. B. Riley reissued a “buy” rating and set a $15.00 target price on shares of Cohu in a report on Wednesday, May 4th. Zacks Investment Research raised shares of Cohu from a “hold” rating to a “buy” rating and set a $13.00 target price for the company in a report on Wednesday, May 4th. Finally, TheStreet cut shares of Cohu from a “buy” rating to a “hold” rating in a report on Thursday, May 12th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $14.33.
The firm’s 50-day moving average price is $11.53 and its 200-day moving average price is $11.59. The stock has a market capitalization of $303.10 million and a P/E ratio of 278.05.
Cohu (NASDAQ:COHU) last posted its quarterly earnings results on Thursday, April 28th. The company reported $0.06 EPS for the quarter, topping the consensus estimate of $0.05 by $0.01. The firm had revenue of $65.80 million for the quarter, compared to analyst estimates of $64.10 million. The company’s revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.03 EPS. Equities analysts expect that Cohu Inc. will post $0.73 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Shareholders of record on Friday, June 17th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.11%. The ex-dividend date is Wednesday, June 15th.
Several hedge funds and institutional investors recently modified their holdings of the stock. Cooke & Bieler LP boosted its position in shares of Cohu by 41.1% in the fourth quarter. Cooke & Bieler LP now owns 990,273 shares of the company’s stock valued at $11,953,000 after buying an additional 288,414 shares during the last quarter. Chicago Equity Partners LLC bought a new position in shares of Cohu during the fourth quarter valued at about $1,594,000. First Trust Advisors LP boosted its position in shares of Cohu by 168.5% in the fourth quarter. First Trust Advisors LP now owns 166,294 shares of the company’s stock valued at $2,007,000 after buying an additional 104,364 shares during the last quarter. Shell Asset Management Co. bought a new position in shares of Cohu during the fourth quarter valued at about $1,049,000. Finally, Royce & Associates LLC boosted its position in shares of Cohu by 1.5% in the fourth quarter. Royce & Associates LLC now owns 953,813 shares of the company’s stock valued at $11,513,000 after buying an additional 14,190 shares during the last quarter.
Cohu, Inc (Cohu) is a supplier of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors and thermal sub-systems for the global semiconductor industry. The Company’s semiconductor equipment segment, which consists of Cohu’s Semiconductor Equipment Group (SEG), encompasses Cohu’s wholly owned subsidiaries, Delta Design, Inc (Delta), which Rasco GmbH (Rasco) and Ismeca Semiconductor Holding SA (Ismeca).
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