Cohu, Inc. (NASDAQ:COHU) had its price objective lifted by Dougherty & Co from $23.50 to $24.00 in a research report report published on Friday, July 28th, Marketbeat.com reports. Dougherty & Co currently has a buy rating on the semiconductor company’s stock.
A number of other equities analysts have also recently weighed in on the company. B. Riley reissued a buy rating and set a $28.00 price objective on shares of Cohu in a report on Friday, July 28th. BidaskClub raised Cohu from a hold rating to a buy rating in a report on Wednesday, July 19th. Zacks Investment Research cut Cohu from a strong-buy rating to a hold rating in a report on Tuesday, July 18th. Stifel Nicolaus reaffirmed a hold rating and issued a $19.00 price target (up from $17.00) on shares of Cohu in a research note on Monday, July 17th. Finally, ValuEngine raised Cohu from a hold rating to a buy rating in a research note on Friday, June 23rd. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of Buy and an average target price of $22.75.
Shares of Cohu (COHU) traded up 1.08% during midday trading on Friday, reaching $17.84. 236,987 shares of the company’s stock were exchanged. The stock has a market cap of $498.79 million, a PE ratio of 25.78 and a beta of 0.88. The company’s 50 day moving average is $17.60 and its 200-day moving average is $17.17. Cohu has a 12 month low of $10.01 and a 12 month high of $21.64.
Cohu (NASDAQ:COHU) last released its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. The firm had revenue of $93.90 million for the quarter, compared to analysts’ expectations of $92.91 million. Cohu had a return on equity of 11.59% and a net margin of 6.21%. The company’s revenue was up 22.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 EPS. Equities analysts forecast that Cohu will post $1.54 EPS for the current fiscal year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, August 25th will be given a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.35%. Cohu’s dividend payout ratio is currently 34.78%.
In related news, Director James A. Donahue sold 75,000 shares of Cohu stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $17.87, for a total transaction of $1,340,250.00. Following the sale, the director now directly owns 444,049 shares in the company, valued at $7,935,155.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Fellenberg Ian Von sold 2,639 shares of Cohu stock in a transaction that occurred on Tuesday, May 30th. The shares were sold at an average price of $18.21, for a total value of $48,056.19. The disclosure for this sale can be found here. Over the last quarter, insiders sold 144,389 shares of company stock worth $2,634,424. Corporate insiders own 5.97% of the company’s stock.
Several large investors have recently added to or reduced their stakes in COHU. Mason Street Advisors LLC raised its stake in Cohu by 7.6% in the first quarter. Mason Street Advisors LLC now owns 5,839 shares of the semiconductor company’s stock valued at $108,000 after buying an additional 411 shares in the last quarter. BNP Paribas Arbitrage SA raised its stake in Cohu by 67.7% in the second quarter. BNP Paribas Arbitrage SA now owns 8,085 shares of the semiconductor company’s stock valued at $127,000 after buying an additional 3,264 shares in the last quarter. Bank of Montreal Can bought a new stake in Cohu during the second quarter valued at approximately $130,000. Louisiana State Employees Retirement System increased its stake in Cohu by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the semiconductor company’s stock valued at $164,000 after buying an additional 200 shares during the period. Finally, Aperio Group LLC bought a new stake in Cohu during the second quarter valued at approximately $179,000. Institutional investors own 81.22% of the company’s stock.
About Cohu
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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