Cohu (COHU) Earning Somewhat Favorable Press Coverage, Study Shows
News headlines about Cohu (NASDAQ:COHU) have been trending somewhat positive recently, Accern reports. The research group identifies negative and positive press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Cohu earned a media sentiment score of 0.15 on Accern’s scale. Accern also gave media headlines about the semiconductor company an impact score of 81 out of 100, indicating that recent press coverage is very likely to have an impact on the stock’s share price in the next several days.
A number of brokerages have recently commented on COHU. B. Riley reissued a “buy” rating and issued a $25.00 price target on shares of Cohu in a report on Friday, April 28th. Zacks Investment Research raised shares of Cohu from a “hold” rating to a “strong-buy” rating and set a $22.00 price target on the stock in a report on Thursday, May 4th. Finally, ValuEngine raised shares of Cohu from a “hold” rating to a “buy” rating in a report on Friday. One research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $23.50.
Shares of Cohu (NASDAQ:COHU) traded up 0.24% during midday trading on Friday, hitting $16.75. 434,059 shares of the stock were exchanged. The firm has a 50-day moving average of $18.52 and a 200-day moving average of $16.32. The company has a market capitalization of $457.78 million, a P/E ratio of 40.95 and a beta of 0.87. Cohu has a 1-year low of $10.01 and a 1-year high of $21.64.
Cohu (NASDAQ:COHU) last released its quarterly earnings data on Thursday, April 27th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.12. The firm had revenue of $81.10 million for the quarter, compared to analysts’ expectations of $78.30 million. Cohu had a net margin of 3.94% and a return on equity of 8.63%. The company’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 earnings per share. On average, equities analysts expect that Cohu will post $1.45 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Friday, June 16th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.43%. The ex-dividend date of this dividend is Wednesday, June 14th. Cohu’s payout ratio is currently 55.82%.
In related news, VP Fellenberg Ian Von sold 2,639 shares of the business’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $18.21, for a total value of $48,056.19. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Luis A. Muller sold 120,721 shares of the business’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $19.34, for a total transaction of $2,334,744.14. Following the completion of the sale, the chief executive officer now owns 364,686 shares in the company, valued at approximately $7,053,027.24. The disclosure for this sale can be found here. In the last quarter, insiders have sold 240,110 shares of company stock worth $4,637,918. Company insiders own 5.97% of the company’s stock.
Cohu Company Profile
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. It develops, manufactures, sells and services a line of equipment capable of handling a range of integrated circuits and light-emitting diodes.
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