Cohu, Inc. (NASDAQ:COHU) Receives Average Recommendation of “Buy” from Analysts

Shares of Cohu, Inc. (NASDAQ:COHU) have been given a consensus recommendation of “Buy” by the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $23.00.

Several brokerages recently weighed in on COHU. Zacks Investment Research upgraded shares of Cohu from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. ValuEngine downgraded shares of Cohu from a “strong-buy” rating to a “buy” rating in a report on Wednesday. BidaskClub downgraded shares of Cohu from a “sell” rating to a “strong sell” rating in a report on Friday. Finally, Stifel Nicolaus upgraded shares of Cohu from a “hold” rating to a “buy” rating and increased their price target for the stock from $18.50 to $22.00 in a report on Tuesday, May 7th.

In other Cohu news, Director William Bendush sold 3,000 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $16.52, for a total value of $49,560.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, VP Jeffrey D. Jones acquired 4,000 shares of the stock in a transaction on Thursday, May 23rd. The stock was bought at an average price of $14.35 per share, for a total transaction of $57,400.00. The disclosure for this purchase can be found here. Corporate insiders own 3.52% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Royce & Associates LP boosted its position in Cohu by 0.5% in the 1st quarter. Royce & Associates LP now owns 998,168 shares of the semiconductor company’s stock worth $14,723,000 after purchasing an additional 4,842 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Cohu by 60.1% during the 1st quarter. JPMorgan Chase & Co. now owns 979,279 shares of the semiconductor company’s stock valued at $14,444,000 after buying an additional 367,438 shares in the last quarter. Northern Trust Corp lifted its position in shares of Cohu by 20.8% during the 4th quarter. Northern Trust Corp now owns 851,731 shares of the semiconductor company’s stock valued at $13,686,000 after buying an additional 146,814 shares in the last quarter. Ceredex Value Advisors LLC lifted its position in shares of Cohu by 14.9% during the 1st quarter. Ceredex Value Advisors LLC now owns 676,622 shares of the semiconductor company’s stock valued at $10,015,000 after buying an additional 87,739 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of Cohu by 30.6% during the 4th quarter. Bank of New York Mellon Corp now owns 567,707 shares of the semiconductor company’s stock valued at $9,123,000 after buying an additional 133,122 shares in the last quarter. Institutional investors and hedge funds own 91.95% of the company’s stock.

NASDAQ:COHU traded down $0.35 during midday trading on Friday, hitting $13.08. The company’s stock had a trading volume of 458,823 shares, compared to its average volume of 447,477. Cohu has a fifty-two week low of $12.41 and a fifty-two week high of $27.83. The company’s 50 day simple moving average is $14.95. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.27 and a current ratio of 3.01. The company has a market capitalization of $526.66 million, a price-to-earnings ratio of 10.55 and a beta of 1.28.

Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Monday, August 5th. The semiconductor company reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.06). Cohu had a positive return on equity of 1.47% and a negative net margin of 16.93%. The business had revenue of $150.01 million during the quarter, compared to analyst estimates of $152.50 million. During the same quarter last year, the company posted $0.64 EPS. Cohu’s quarterly revenue was up 50.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Cohu will post -0.29 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Friday, August 23rd will be given a $0.06 dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $0.24 annualized dividend and a yield of 1.83%. Cohu’s dividend payout ratio is presently 19.35%.

Cohu Company Profile

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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