Shares of Cohu, Inc. (NASDAQ:COHU) have been given an average recommendation of Buy by the seven ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation, five have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $27.00.
COHU has been the topic of several recent research reports. ValuEngine cut Cohu from a buy rating to a hold rating in a research report on Monday, April 2nd. Stifel Nicolaus raised Cohu from a hold rating to a buy rating in a research report on Tuesday, May 8th. Zacks Investment Research upgraded Cohu from a sell rating to a buy rating and set a $27.00 price objective for the company in a report on Wednesday, April 18th. Finally, BidaskClub upgraded Cohu from a hold rating to a buy rating in a report on Wednesday, March 21st.
Cohu traded down $0.64, hitting $23.83, during midday trading on Wednesday, according to Marketbeat.com. 329,914 shares of the company traded hands, compared to its average volume of 312,421. The company has a current ratio of 3.81, a quick ratio of 3.00 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $704.69 million, a PE ratio of 17.78, a price-to-earnings-growth ratio of 2.01 and a beta of 1.02. Cohu has a 52 week low of $15.55 and a 52 week high of $26.17.
Cohu (NASDAQ:COHU) last announced its earnings results on Tuesday, May 8th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.33 by $0.03. The business had revenue of $95.20 million for the quarter, compared to analysts expectations of $93.07 million. Cohu had a return on equity of 14.10% and a net margin of 9.33%. The businesss revenue for the quarter was up 17.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.24 EPS. equities analysts predict that Cohu will post 1.52 earnings per share for the current fiscal year.
The firm also recently disclosed a dividend, which will be paid on Thursday, July 12th. Stockholders of record on Friday, June 15th will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, June 14th. Cohus dividend payout ratio is presently 17.91%.
In related news, VP Fellenberg Ian Von sold 22,019 shares of the firms stock in a transaction on Wednesday, May 30th. The stock was sold at an average price of $24.51, for a total value of $539,685.69. Following the completion of the transaction, the vice president now owns 87,054 shares in the company, valued at approximately $2,133,693.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William Bendush sold 3,000 shares of the firms stock in a transaction on Thursday, May 17th. The stock was sold at an average price of $23.20, for a total value of $69,600.00. The disclosure for this sale can be found here. Corporate insiders own 3.88% of the companys stock.
A number of hedge funds have recently modified their holdings of COHU. SG Americas Securities LLC raised its stake in Cohu by 44.6% in the 1st quarter. SG Americas Securities LLC now owns 7,342 shares of the semiconductor companys stock worth $167,000 after acquiring an additional 2,263 shares during the last quarter. WINTON GROUP Ltd purchased a new position in Cohu in the 1st quarter worth $201,000. Canandaigua National Bank & Trust Co. purchased a new position in Cohu in the 1st quarter worth $205,000. Teacher Retirement System of Texas purchased a new position in Cohu in the 4th quarter worth $215,000. Finally, Ellington Management Group LLC purchased a new position in Cohu in the 4th quarter worth $215,000. Institutional investors own 87.37% of the companys stock.
This article provided by NewsEdge.