Cohu Inc. (COHU) Sees Large Volume Increase
Shares of Cohu Inc. (NASDAQ:COHU) saw an uptick in trading volume on Monday . 145,326 shares traded hands during mid-day trading, an increase of 94% from the previous session’s volume of 74,806 shares.The stock last traded at $10.50 and had previously closed at $10.68.
Several research firms recently weighed in on COHU. TheStreet downgraded Cohu from a “buy” rating to a “hold” rating in a report on Friday, July 29th. B. Riley restated a “buy” rating and issued a $15.00 price objective on shares of Cohu in a report on Friday, April 29th. Finally, Zacks Investment Research downgraded Cohu from a “hold” rating to a “sell” rating in a report on Wednesday, August 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $14.00.
The stock’s 50-day moving average is $11.07 and its 200-day moving average is $11.49. The company has a market cap of $280.11 million and a P/E ratio of 73.43.
Cohu (NASDAQ:COHU) last posted its earnings results on Thursday, July 28th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. During the same period in the previous year, the company posted $0.27 EPS. The firm had revenue of $76.40 million for the quarter, compared to analyst estimates of $73.93 million. Cohu’s revenue was up 1.6% on a year-over-year basis. Equities research analysts expect that Cohu Inc. will post $0.48 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, August 26th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.28%. The ex-dividend date of this dividend is Wednesday, August 24th.
Other institutional investors have recently bought and sold shares of the company. 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 last quarter. 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 last quarter. 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 last quarter. Finally, 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 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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