Cohu Inc. (COHU) Trading Down 4.6%
Cohu Inc. (NASDAQ:COHU)’s share price dropped 4.6% on Friday . The company traded as low as $10.29 and last traded at $10.61, with a volume of 61,643 shares changing hands. The stock had previously closed at $11.12.
COHU has been the subject of a number of analyst reports. TheStreet raised shares of Cohu from a “hold” rating to a “buy” rating in a research report on Thursday, June 9th. B. Riley reissued a “buy” rating and issued a $14.00 price objective on shares of Cohu in a research report on Friday. Finally, Zacks Investment Research lowered shares of Cohu from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $14.00.
The company has a market capitalization of $282.07 million and a PE ratio of 73.85. The stock’s 50 day moving average price is $11.33 and its 200-day moving average price is $11.53.
Cohu (NASDAQ:COHU) last announced its earnings results on Thursday, July 28th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01. During the same quarter in the prior year, the company earned $0.27 EPS. The company earned $76.40 million during the quarter, compared to the consensus estimate of $73.93 million. The business’s quarterly revenue was up 1.6% on a year-over-year basis. Analysts anticipate that Cohu Inc. will post $0.52 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, August 26th will be given a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, August 24th. This represents a $0.24 dividend on an annualized basis and a yield of 2.27%.
Other institutional investors have bought and sold shares of the company. GSA Capital Partners LLP raised its position in 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 period. Comerica Bank raised its position in 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 period. First Trust Advisors LP raised its position in 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 period. Finally, Royce & Associates LLC raised its position in 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 period.
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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