Cohu (COHU) Lifted to Buy at Stifel Nicolaus

Stifel Nicolaus upgraded shares of Cohu (NASDAQ:COHU) from a hold rating to a buy rating in a report released on Tuesday morning, Benzinga reports. Stifel Nicolaus currently has $22.00 price target on the semiconductor company’s stock, up from their prior price target of $18.50.

COHU has been the topic of several other reports. B. Riley reiterated a buy rating on shares of Cohu in a report on Tuesday, March 5th. BidaskClub upgraded Cohu from a strong sell rating to a sell rating in a report on Tuesday. Zacks Investment Research downgraded Cohu from a hold rating to a sell rating in a report on Tuesday, April 2nd. ValuEngine upgraded Cohu from a sell rating to a hold rating in a report on Wednesday, May 1st. Finally, TheStreet downgraded Cohu from a b- rating to a c rating in a report on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $24.67.

Cohu stock opened at $17.70 on Tuesday. The stock has a market capitalization of $731.44 million, a PE ratio of 20.84, a PEG ratio of 4.63 and a beta of 1.36. The company has a current ratio of 3.22, a quick ratio of 2.15 and a debt-to-equity ratio of 0.65. Cohu has a 12 month low of $14.08 and a 12 month high of $27.83.

Cohu (NASDAQ:COHU) last released its quarterly earnings data on Monday, May 6th. The semiconductor company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The firm had revenue of $147.81 million during the quarter, compared to analysts’ expectations of $145.00 million. Cohu had a positive return on equity of 6.17% and a negative net margin of 12.48%. The business’s revenue for the quarter was up 55.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.36 earnings per share. On average, equities analysts forecast that Cohu will post 0.39 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Investors 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 1.36%. Cohu’s payout ratio is currently 19.35%.

Large investors have recently made changes to their positions in the stock. BlackRock Inc. grew its stake in Cohu by 1.2% during the 1st quarter. BlackRock Inc. now owns 6,003,651 shares of the semiconductor company’s stock valued at $88,556,000 after purchasing an additional 73,746 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Cohu by 4.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 3,318,739 shares of the semiconductor company’s stock valued at $48,951,000 after purchasing an additional 147,831 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in Cohu during the 4th quarter valued at approximately $40,927,000. Vanguard Group Inc grew its stake in Cohu by 1.7% during the 3rd quarter. Vanguard Group Inc now owns 1,634,987 shares of the semiconductor company’s stock valued at $41,038,000 after purchasing an additional 27,776 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in Cohu by 1.7% during the 3rd quarter. Vanguard Group Inc. now owns 1,634,987 shares of the semiconductor company’s stock valued at $41,038,000 after purchasing an additional 27,776 shares in the last quarter. Institutional investors and hedge funds own 91.87% of the company’s stock.

About Cohu

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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