Cohu, Inc. (COHU) Stock Price Down 2.6%
Cohu, Inc. (NASDAQ:COHU) dropped 2.6% during mid-day trading on Thursday . The company traded as low as $11.24 and last traded at $11.32, with a volume of 72,388 shares changing hands. The stock had previously closed at $11.62.
COHU has been the topic of a number of analyst reports. Zacks Investment Research lowered Cohu from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. TheStreet lowered Cohu from a “buy” rating to a “hold” rating in a research report on Thursday, May 12th. Finally, B. Riley reaffirmed a “buy” rating and issued a $15.00 price target on shares of Cohu in a research report on Wednesday, May 4th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $14.33.
The stock has a market cap of $301.77 million and a PE ratio of 276.83. The stock has a 50-day moving average price of $11.50 and a 200-day moving average price of $11.54.
Cohu (NASDAQ:COHU) last posted its quarterly earnings results on Thursday, April 28th. The company reported $0.06 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. During the same period last year, the firm posted $0.03 EPS. The firm had revenue of $65.80 million for the quarter, compared to analysts’ expectations of $64.10 million. Cohu’s revenue was up 3.8% on a year-over-year basis. Analysts expect that Cohu, Inc. will post $0.73 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 29th. Stockholders of record on Friday, June 17th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.11%. The ex-dividend date of this dividend is Wednesday, June 15th.
Other large investors recently modified their holdings of the company. Royce & Associates LLC increased its stake 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. GSA Capital Partners LLP increased its stake in shares of Cohu by 3.8% in the fourth quarter. GSA Capital Partners LLP now owns 97,778 shares of the company’s stock valued at $1,180,000 after buying an additional 3,609 shares during the last quarter. Comerica Bank increased its stake in shares of Cohu by 6.3% in the fourth quarter. Comerica Bank now owns 136,219 shares of the company’s stock valued at $1,524,000 after buying an additional 8,088 shares during the last quarter. Shell Asset Management Co. bought a new stake in shares of Cohu during the fourth quarter valued at $1,049,000. Finally, First Trust Advisors LP increased its stake 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.
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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