Cohu (COHU) Downgraded by BidaskClub to “Sell”

BidaskClub cut shares of Cohu (NASDAQ:COHU) from a hold rating to a sell rating in a report released on Friday morning.

A number of other equities research analysts have also weighed in on COHU. Zacks Investment Research lowered shares of Cohu from a buy rating to a hold rating in a report on Tuesday, July 10th. ValuEngine lowered shares of Cohu from a hold rating to a sell rating in a report on Monday, September 17th. Stifel Nicolaus boosted their price objective on shares of Cohu from $29.00 to $30.00 and gave the stock a buy rating in a report on Tuesday, October 2nd. Finally, DA Davidson began coverage on shares of Cohu in a report on Monday, September 24th. They issued a buy rating and a $30.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus price target of $28.20.

Shares of COHU traded up $0.21 during mid-day trading on Friday, reaching $21.03. The company’s stock had a trading volume of 240,445 shares, compared to its average volume of 287,359. The firm has a market cap of $725.12 million, a price-to-earnings ratio of 15.69, a PEG ratio of 1.59 and a beta of 0.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.93 and a current ratio of 3.66. 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 data on Thursday, August 2nd. The semiconductor company reported $0.64 earnings per share for the quarter, topping the Zacks’ consensus estimate 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 net margin of 9.50% and a return on equity of 15.21%. The business’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.48 EPS. As a group, equities research analysts predict that Cohu will post 1.58 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, October 19th. Investors of record on Friday, August 24th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Thursday, August 23rd. Cohu’s payout ratio is 17.91%.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Itau Unibanco Holding S.A. purchased a new position in shares of Cohu in the second quarter worth $124,000. Piedmont Investment Advisors LLC purchased a new position in shares of Cohu in the second quarter worth $164,000. California Public Employees Retirement System purchased a new position in shares of Cohu in the second quarter worth $208,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Cohu in the second quarter worth $212,000. Finally, WINTON GROUP Ltd purchased a new position in shares of Cohu in the first quarter worth $201,000. 97.49% of the stock is currently owned by institutional investors.

Cohu Company Profile

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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Analyst Recommendations for Cohu (NASDAQ:COHU)

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