Cohu (COHU) Rating Increased to Hold at BidaskClub
BidaskClub upgraded shares of Cohu (NASDAQ:COHU) from a sell rating to a hold rating in a report released on Thursday.
COHU has been the subject of a number of other reports. B. Riley decreased their price objective on Cohu from $31.00 to $30.00 and set a buy rating for the company in a report on Friday, February 16th. ValuEngine upgraded Cohu from a hold rating to a buy rating in a report on Friday, February 2nd. Dougherty & Co restated a buy rating on shares of Cohu in a report on Wednesday, February 21st. Finally, Zacks Investment Research downgraded Cohu from a hold rating to a sell rating in a report on Friday, February 23rd. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Cohu presently has a consensus rating of Hold and an average target price of $25.20.
Shares of Cohu (NASDAQ:COHU) opened at $20.07 on Thursday. The firm has a market capitalization of $572.79, a price-to-earnings ratio of 14.76, a P/E/G ratio of 1.68 and a beta of 1.00. Cohu has a 1-year low of $15.55 and a 1-year high of $26.17. The company has a quick ratio of 2.76, a current ratio of 3.49 and a debt-to-equity ratio of 0.02.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Tuesday, February 27th will be issued a dividend of $0.06 per share. The ex-dividend date is Monday, February 26th. This represents a $0.24 dividend on an annualized basis and a yield of 1.20%. Cohu’s payout ratio is currently 21.24%.
In other Cohu news, Director Robert L. Ciardella sold 5,000 shares of the stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $19.53, for a total transaction of $97,650.00. Following the completion of the sale, the director now directly owns 80,887 shares in the company, valued at approximately $1,579,723.11. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 6.46% of the company’s stock.
A number of institutional investors have recently modified their holdings of the business. MetLife Investment Advisors LLC acquired a new stake in Cohu during the 4th quarter worth about $260,000. Gotham Asset Management LLC acquired a new stake in Cohu during the 4th quarter worth about $1,363,000. Cornerstone Capital Management Holdings LLC. grew its holdings in Cohu by 240.0% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 15,300 shares of the semiconductor company’s stock worth $335,000 after acquiring an additional 10,800 shares during the period. TIAA CREF Investment Management LLC grew its holdings in Cohu by 20.4% during the 4th quarter. TIAA CREF Investment Management LLC now owns 144,162 shares of the semiconductor company’s stock worth $3,164,000 after acquiring an additional 24,400 shares during the period. Finally, Teachers Retirement System of The State of Kentucky grew its holdings in Cohu by 197.2% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 44,587 shares of the semiconductor company’s stock worth $979,000 after acquiring an additional 29,587 shares during the period. Hedge funds and other institutional investors own 83.53% of the company’s stock.
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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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