Cohu Inc. (NASDAQ:COHU)‘s stock had its “buy” rating reaffirmed by equities research analysts at B. Riley in a note issued to investors on Tuesday. They currently have a $14.00 price objective on the stock. B. Riley’s price objective would indicate a potential upside of 8.95% from the company’s current price.
A number of other equities analysts also recently issued reports on COHU. TheStreet downgraded Cohu from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Zacks Investment Research downgraded Cohu from a “hold” rating to a “sell” rating in a research report on Wednesday, August 3rd.
Cohu (NASDAQ:COHU) remained flat at $12.85 during midday trading on Tuesday. The firm’s 50-day moving average is $11.45 and its 200 day moving average is $11.30. Cohu has a 1-year low of $10.01 and a 1-year high of $13.32. The stock has a market capitalization of $343.24 million, a PE ratio of 116.82 and a beta of 0.84.
Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.14 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.06 by $0.08. The business had revenue of $69.30 million for the quarter, compared to the consensus estimate of $67.95 million. Cohu had a return on equity of 3.04% and a net margin of 1.06%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.17 earnings per share. Equities research analysts predict that Cohu will post $0.50 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 2nd. Stockholders of record on Friday, November 18th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.87%. The ex-dividend date is Wednesday, November 16th. Cohu’s dividend payout ratio (DPR) is presently 218.20%.
In other news, Director William Bendush sold 6,000 shares of the business’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $12.14, for a total transaction of $72,840.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 5.97% of the company’s stock.
Several large investors have recently made changes to their positions in COHU. Emerald Acquisition Ltd. acquired a new stake in Cohu during the second quarter valued at approximately $8,162,000. JPMorgan Chase & Co. raised its stake in Cohu by 22.6% in the first quarter. JPMorgan Chase & Co. now owns 1,770,825 shares of the company’s stock valued at $21,037,000 after buying an additional 326,300 shares during the last quarter. Cooke & Bieler LP raised its stake in Cohu by 41.1% in the fourth quarter. Cooke & Bieler LP now owns 990,273 shares of the company’s stock valued at $11,953,000 after buying an additional 288,414 shares during the last quarter. TFS Capital LLC acquired a new stake in Cohu during the fourth quarter valued at approximately $2,222,000. Finally, BlackRock Fund Advisors raised its stake in Cohu by 9.1% in the third quarter. BlackRock Fund Advisors now owns 1,853,375 shares of the company’s stock valued at $21,759,000 after buying an additional 154,915 shares during the last quarter. 82.24% of the stock is currently owned by hedge funds and other institutional investors.
Cohu Company Profile