Cohu, Inc. (NASDAQ:COHU) has been assigned an average recommendation of “Hold” from the seven brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $23.00.
COHU has been the topic of several recent analyst reports. ValuEngine upgraded shares of Cohu from a “sell” rating to a “hold” rating in a report on Monday, February 4th. BidaskClub lowered shares of Cohu from a “hold” rating to a “sell” rating in a report on Friday, March 1st. B. Riley reiterated a “buy” rating on shares of Cohu in a report on Tuesday, March 5th. DA Davidson reiterated a “buy” rating on shares of Cohu in a report on Wednesday, March 13th. Finally, TheStreet lowered shares of Cohu from a “b-” rating to a “c” rating in a report on Wednesday, March 13th.
In other news, Director William Bendush sold 3,000 shares of the business’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $16.52, for a total transaction of $49,560.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Jeffrey D. Jones bought 4,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The shares were acquired at an average cost of $14.35 per share, with a total value of $57,400.00. The disclosure for this purchase can be found here. 3.52% of the stock is currently owned by corporate insiders.
COHU stock traded up $0.18 during midday trading on Monday, hitting $14.71. The stock had a trading volume of 258,097 shares, compared to its average volume of 467,672. The firm has a market cap of $603.36 million, a price-to-earnings ratio of 11.86, a PEG ratio of 4.50 and a beta of 1.36. The company has a quick ratio of 2.27, a current ratio of 3.22 and a debt-to-equity ratio of 0.70. Cohu has a 1-year low of $14.08 and a 1-year high of $27.83.
Cohu (NASDAQ:COHU) last released its earnings results on Monday, May 6th. The semiconductor company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The firm had revenue of $147.81 million during the quarter, compared to analyst estimates of $145.00 million. Cohu had a negative net margin of 12.48% and a positive return on equity of 6.17%. Cohu’s quarterly revenue was up 55.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.36 EPS. Research analysts expect that Cohu will post 0.33 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.24 annualized dividend and a dividend yield of 1.63%. Cohu’s dividend payout ratio is currently 19.35%.
Cohu, Inc, through its subsidiaries, provides semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, thermal sub-systems, semiconductor automated test equipment (ATE), and bare board printed circuit board (PCB) test systems for semiconductor and electronics manufacturers, and test subcontractors worldwide.
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