Cohu (NASDAQ:COHU) Cut to “Sell” at BidaskClub

BidaskClub cut shares of Cohu (NASDAQ:COHU) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning, BidAskClub reports.

Several other equities analysts also recently commented on COHU. ValuEngine downgraded shares of Zosano Pharma from a buy rating to a hold rating in a report on Wednesday, May 1st. Zacks Investment Research raised shares of Garrett Motion from a sell rating to a hold rating in a research note on Friday, May 10th. DA Davidson decreased their price target on shares of F5 Networks to $170.00 and set a neutral rating on the stock in a research note on Wednesday, March 13th. B. Riley reaffirmed a buy rating on shares of TheStreet in a research note on Wednesday, March 13th. Finally, TheStreet raised shares of Valmont Industries from a c+ rating to a b- rating in a research note on Wednesday, March 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Cohu presently has an average rating of Hold and a consensus target price of $24.67.

COHU stock opened at $14.27 on Tuesday. Cohu has a one year low of $13.86 and a one year high of $27.83. The stock has a fifty day moving average of $15.43. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.22 and a quick ratio of 2.27. The stock has a market capitalization of $583.26 million, a P/E ratio of 11.51, a PEG ratio of 6.56 and a beta of 1.27.

Cohu (NASDAQ:COHU) last released its earnings results on Monday, May 6th. The semiconductor company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.01). Cohu had a positive return on equity of 6.17% and a negative net margin of 12.48%. The company had revenue of $147.81 million during the quarter, compared to analysts’ expectations of $145.00 million. During the same period last year, the firm posted $0.36 EPS. Cohu’s quarterly revenue was up 55.3% compared to the same quarter last year. As a group, equities analysts expect that Cohu will post 0.22 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, June 14th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Thursday, June 13th. Cohu’s dividend payout ratio (DPR) is 19.35%.

In other news, VP Jeffrey D. Jones acquired 4,000 shares of the business’s stock in a transaction on Thursday, May 23rd. The shares were acquired at an average price of $14.35 per share, for a total transaction of $57,400.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William Bendush sold 3,000 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $16.52, for a total transaction of $49,560.00. The disclosure for this sale can be found here. Insiders own 3.52% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of COHU. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Cohu in the fourth quarter worth about $40,927,000. BlackRock Inc. lifted its stake in Cohu by 41.3% in the fourth quarter. BlackRock Inc. now owns 5,929,905 shares of the semiconductor company’s stock worth $95,294,000 after acquiring an additional 1,732,556 shares during the period. Dimensional Fund Advisors LP lifted its stake in Cohu by 31.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,170,908 shares of the semiconductor company’s stock worth $50,956,000 after acquiring an additional 754,127 shares during the period. JPMorgan Chase & Co. lifted its stake in Cohu by 60.1% in the first quarter. JPMorgan Chase & Co. now owns 979,279 shares of the semiconductor company’s stock worth $14,444,000 after acquiring an additional 367,438 shares during the period. Finally, United Services Automobile Association purchased a new stake in Cohu in the fourth quarter worth about $3,854,000. Hedge funds and other institutional investors own 91.43% 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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