Cohu Inc. (COHU) Sees Large Volume Increase
Shares of Cohu Inc. (NASDAQ:COHU) saw an uptick in trading volume on Tuesday . 128,595 shares traded hands during mid-day trading, an increase of 79% from the previous session’s volume of 71,648 shares.The stock last traded at $10.42 and had previously closed at $10.62.
Several brokerages recently weighed in on COHU. TheStreet cut shares of Cohu from a “buy” rating to a “hold” rating in a research report on Friday. B. Riley reaffirmed a “buy” rating and issued a $14.00 price target on shares of Cohu in a research report on Friday. Finally, Zacks Investment Research cut shares of Cohu from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $14.00.
The stock has a 50 day moving average of $11.23 and a 200 day moving average of $11.52. The company has a market capitalization of $275.84 million and a P/E ratio of 72.31.
Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.22 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.01. The company had revenue of $76.40 million for the quarter, compared to the consensus estimate of $73.93 million. During the same quarter last year, the company earned $0.27 EPS. The firm’s revenue for the quarter was up 1.6% on a year-over-year basis. Equities research analysts expect that Cohu Inc. will post $0.48 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, August 26th will be given a dividend of $0.06 per share. 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 2.32%.
Other hedge funds and institutional investors have added to or reduced their stakes in the company. Royce & Associates LLC increased 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 last quarter. GSA Capital Partners LLP increased 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 last quarter. Comerica Bank increased 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 last quarter. Finally, First Trust Advisors LP increased 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 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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