Cohu Inc. (COHU) Sees Large Volume Increase
Cohu Inc. (NASDAQ:COHU) shares saw unusually-high trading volume on Thursday . Approximately 174,251 shares traded hands during trading, an increase of 61% from the previous session’s volume of 108,176 shares.The stock last traded at $10.91 and had previously closed at $10.72.
COHU has been the subject of several research reports. B. Riley reaffirmed a “buy” rating and set a $15.00 price target on shares of Cohu in a research note on Wednesday, May 4th. Zacks Investment Research raised Cohu from a “hold” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Wednesday, May 4th. Finally, TheStreet raised Cohu from a “hold” rating to a “buy” rating in a research note on Thursday, June 9th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $14.00.
The stock has a market capitalization of $289.45 million and a PE ratio of 75.87. The firm’s 50-day moving average is $10.96 and its 200 day moving average is $11.39.
Cohu (NASDAQ:COHU) last announced its earnings results on Thursday, July 28th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. The company had revenue of $76.40 million for the quarter, compared to analysts’ expectations of $73.93 million. During the same period in the prior year, the company earned $0.27 earnings per share. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, analysts expect that Cohu Inc. will post $0.48 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Friday, August 26th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 2.21%. The ex-dividend date is Wednesday, August 24th.
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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