Somewhat Favorable News Coverage Somewhat Unlikely to Impact Cohu (COHU) Stock Price
News headlines about Cohu (NASDAQ:COHU) have been trending somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cohu earned a news impact score of 0.15 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 45.6541522408939 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Cohu (NASDAQ:COHU) traded up 0.79% on Tuesday, hitting $19.23. The stock had a trading volume of 74,078 shares. Cohu has a 52-week low of $10.72 and a 52-week high of $21.64. The company has a market cap of $537.65 million, a P/E ratio of 27.79 and a beta of 0.88. The stock’s 50-day moving average is $18.17 and its 200-day moving average is $18.00.
Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.42 EPS for the quarter, beating the consensus estimate of $0.39 by $0.03. The firm had revenue of $93.90 million during the quarter, compared to the consensus estimate of $92.91 million. Cohu had a net margin of 6.21% and a return on equity of 11.59%. The company’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 earnings per share. Analysts expect that Cohu will post $1.54 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, August 25th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend is Wednesday, August 23rd. Cohu’s dividend payout ratio (DPR) is 34.78%.
Several research analysts recently issued reports on COHU shares. Dougherty & Co raised their target price on Cohu from $23.50 to $24.00 and gave the stock a “buy” rating in a research report on Friday, July 28th. B. Riley reaffirmed a “buy” rating and set a $28.00 target price on shares of Cohu in a research report on Friday, July 28th. BidaskClub raised Cohu from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Zacks Investment Research raised Cohu from a “hold” rating to a “strong-buy” rating and set a $20.00 target price for the company in a research report on Friday, July 14th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Cohu in a research report on Friday, September 1st. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $22.75.
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In other news, VP Hock Woo Chiang sold 10,844 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $18.77, for a total transaction of $203,541.88. Following the completion of the transaction, the vice president now directly owns 90,332 shares of the company’s stock, valued at $1,695,531.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James A. Donahue sold 75,000 shares of the company’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $17.87, for a total transaction of $1,340,250.00. Following the transaction, the director now directly owns 444,049 shares of the company’s stock, valued at $7,935,155.63. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 160,844 shares of company stock valued at $2,947,792. 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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