Cohu Inc. (COHU) Sees Unusually-High Trading Volume
Shares of Cohu Inc. (NASDAQ:COHU) saw strong trading volume on Thursday . 174,251 shares changed hands during mid-day 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.
A number of equities research analysts recently issued reports on the company. B. Riley restated a “buy” rating and issued a $15.00 price objective on shares of Cohu in a research note on Wednesday, May 4th. Zacks Investment Research upgraded Cohu from a “hold” rating to a “buy” rating and set a $13.00 price objective on the stock in a research note on Wednesday, May 4th. Finally, TheStreet cut Cohu from a “buy” rating to a “hold” rating in a research note on Thursday, May 12th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $14.00.
The stock has a market cap of $287.58 million and a price-to-earnings ratio of 75.38. The stock’s 50 day moving average price is $10.97 and its 200 day moving average price is $11.38.
Cohu (NASDAQ:COHU) last issued its earnings results on Thursday, July 28th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.01. The business had revenue of $76.40 million for the quarter, compared to the consensus estimate of $73.93 million. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the business posted $0.27 EPS. On average, equities analysts anticipate that Cohu Inc. will post $0.48 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Shareholders 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 yield of 2.23%. 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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