Cohu (COHU) Upgraded by ValuEngine to “Hold”

ValuEngine upgraded shares of Cohu (NASDAQ:COHU) from a sell rating to a hold rating in a research note released on Monday.

COHU has been the subject of a number of other research reports. BidaskClub lowered Cohu from a strong-buy rating to a buy rating in a report on Tuesday, June 12th. Stifel Nicolaus lowered Cohu from a buy rating to a hold rating in a report on Monday, May 28th. Zacks Investment Research lowered Cohu from a buy rating to a hold rating in a report on Tuesday, July 10th. Finally, DA Davidson began coverage on Cohu in a report on Monday. They issued a buy rating and a $30.00 price target for the company. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Cohu currently has an average rating of Buy and an average target price of $27.75.

Shares of NASDAQ COHU opened at $22.94 on Monday. The company has a quick ratio of 2.93, a current ratio of 3.66 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $628.34 million, a P/E ratio of 14.31 and a beta of 1.00. Cohu has a 52-week low of $18.60 and a 52-week high of $27.83.

Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Thursday, August 2nd. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.17. The firm had revenue of $99.80 million during the quarter, compared to analyst estimates of $99.57 million. Cohu had a return on equity of 15.21% and a net margin of 9.50%. Cohu’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 earnings per share. analysts anticipate that Cohu will post 1.57 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 19th. Shareholders of record on Friday, August 24th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, August 23rd. This represents a $0.24 dividend on an annualized basis and a yield of 1.05%. Cohu’s dividend payout ratio is currently 17.91%.

In other Cohu news, VP Hock Woo Chiang sold 15,825 shares of the company’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $27.59, for a total transaction of $436,611.75. Following the completion of the sale, the vice president now owns 71,947 shares in the company, valued at $1,985,017.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.88% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC increased its position in shares of Cohu by 44.6% during the first quarter. SG Americas Securities LLC now owns 7,342 shares of the semiconductor company’s stock worth $167,000 after purchasing an additional 2,263 shares in the last quarter. Rhumbline Advisers increased its position in shares of Cohu by 3.5% during the second quarter. Rhumbline Advisers now owns 69,768 shares of the semiconductor company’s stock worth $1,710,000 after purchasing an additional 2,371 shares in the last quarter. Aperio Group LLC increased its position in shares of Cohu by 14.0% during the second quarter. Aperio Group LLC now owns 21,565 shares of the semiconductor company’s stock worth $529,000 after purchasing an additional 2,649 shares in the last quarter. Swiss National Bank increased its position in shares of Cohu by 5.9% during the first quarter. Swiss National Bank now owns 48,841 shares of the semiconductor company’s stock worth $1,114,000 after purchasing an additional 2,700 shares in the last quarter. Finally, First Trust Advisors LP increased its position in shares of Cohu by 11.5% during the second quarter. First Trust Advisors LP now owns 36,967 shares of the semiconductor company’s stock worth $906,000 after purchasing an additional 3,820 shares in the last quarter. Institutional investors own 97.49% of the company’s stock.

About Cohu

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.

Further Reading: Stock Symbols and CUSIP Explained

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Cohu (NASDAQ:COHU)

Receive News & Ratings for Cohu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cohu and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply