Zacks Investment Research cut shares of Cohu (NASDAQ:COHU) from a hold rating to a sell rating in a research note released on Friday.
According to Zacks, “Cohu is a leading 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. “
A number of other research analysts also recently issued reports on the company. Dougherty & Co restated a buy rating on shares of Cohu in a research note on Wednesday, February 21st. B. Riley dropped their price target on Cohu from $31.00 to $30.00 and set a buy rating on the stock in a research note on Friday, February 16th. BidaskClub downgraded Cohu from a hold rating to a sell rating in a research note on Saturday, February 3rd. ValuEngine upgraded Cohu from a hold rating to a buy rating in a research note on Friday, February 2nd. Finally, Needham & Company LLC reiterated a buy rating and issued a $24.00 target price on shares of Cohu in a research note on Friday, October 27th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The company has an average rating of Hold and an average target price of $25.20.
Cohu (NASDAQ:COHU) last released its quarterly earnings results on Thursday, February 15th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.03). The firm had revenue of $84.09 million for the quarter, compared to analysts’ expectations of $84.20 million. Cohu had a return on equity of 14.63% and a net margin of 9.31%. The company’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 EPS. analysts expect that Cohu will post 1.49 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Tuesday, February 27th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Monday, February 26th. This represents a $0.24 annualized dividend and a dividend yield of 1.23%. Cohu’s dividend payout ratio (DPR) is currently 21.24%.
Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in shares of Cohu in the 3rd quarter valued at approximately $102,000. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Cohu in the 3rd quarter valued at approximately $106,000. Palouse Capital Management Inc. purchased a new position in shares of Cohu in the 3rd quarter valued at approximately $202,000. LS Investment Advisors LLC grew its stake in shares of Cohu by 1,003.4% in the 4th quarter. LS Investment Advisors LLC now owns 9,302 shares of the semiconductor company’s stock valued at $204,000 after purchasing an additional 8,459 shares during the last quarter. Finally, Crossmark Global Holdings Inc. purchased a new position in shares of Cohu in the 3rd quarter valued at approximately $209,000. Institutional investors own 82.72% of the company’s stock.
TRADEMARK VIOLATION NOTICE: “Cohu (COHU) Downgraded by Zacks Investment Research to Sell” was published by Ticker Report and is the sole property of of Ticker Report. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://www.tickerreport.com/banking-finance/3222751/cohu-cohu-downgraded-by-zacks-investment-research-to-sell.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Cohu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cohu and related companies with MarketBeat.com's FREE daily email newsletter.