Other research analysts also recently issued reports about the stock. B. Riley reaffirmed a buy rating and issued a $24.00 target price (down from $26.00) on shares of Cohu in a research note on Wednesday. DA Davidson reaffirmed a buy rating on shares of Cohu in a research note on Wednesday. BidaskClub raised shares of Cohu from a sell rating to a hold rating in a research report on Tuesday, November 27th. ValuEngine raised shares of Cohu from a sell rating to a hold rating in a research report on Monday, February 4th. Finally, Stifel Nicolaus downgraded shares of Cohu from a buy rating to a hold rating and reduced their price objective for the company from $30.00 to $20.00 in a research report on Wednesday, January 23rd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. Cohu currently has an average rating of Hold and an average price target of $24.75.
Shares of NASDAQ COHU opened at $15.43 on Wednesday. The company has a current ratio of 3.58, a quick ratio of 2.87 and a debt-to-equity ratio of 0.01. Cohu has a 52 week low of $14.08 and a 52 week high of $27.83. The firm has a market capitalization of $665.45 million, a P/E ratio of 12.44, a PEG ratio of 1.42 and a beta of 1.42.
Cohu (NASDAQ:COHU) last issued its earnings results on Tuesday, March 12th. The semiconductor company reported $0.15 EPS for the quarter, topping the consensus estimate of $0.13 by $0.02. Cohu had a negative net margin of 7.12% and a positive return on equity of 13.00%. The company had revenue of $170.64 million for the quarter, compared to the consensus estimate of $173.50 million. On average, analysts anticipate that Cohu will post 1.24 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Tuesday, February 26th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date is Monday, February 25th. Cohu’s payout ratio is currently 19.35%.
A number of institutional investors have recently modified their holdings of COHU. Pearl River Capital LLC purchased a new position in Cohu during the 4th quarter valued at $26,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Cohu by 43.4% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,387 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 722 shares during the period. Flinton Capital Management LLC increased its position in Cohu by 27.6% during the 4th quarter. Flinton Capital Management LLC now owns 4,592 shares of the semiconductor company’s stock valued at $74,000 after purchasing an additional 992 shares during the period. Meeder Asset Management Inc. increased its position in Cohu by 958.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 4,150 shares of the semiconductor company’s stock valued at $105,000 after purchasing an additional 3,758 shares during the period. Finally, Pacer Advisors Inc. increased its position in Cohu by 296.4% during the 3rd quarter. Pacer Advisors Inc. now owns 4,400 shares of the semiconductor company’s stock valued at $110,000 after purchasing an additional 3,290 shares during the period. 92.50% of the stock is currently owned by institutional investors and hedge funds.
Cohu, Inc, through its subsidiaries, engages in the development, manufacture, sale, and servicing of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, and thermal sub-systems for semiconductor manufacturers and test subcontractors worldwide.
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