Cohu, Inc. (COHU) VP Hock Woo Chiang Sells 10,844 Shares
Cohu, Inc. (NASDAQ:COHU) VP Hock Woo Chiang sold 10,844 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $18.77, for a total transaction of $203,541.88. Following the transaction, the vice president now directly owns 90,332 shares of the company’s stock, valued at $1,695,531.64. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
Cohu, Inc. (COHU) traded up 0.32% during trading on Tuesday, hitting $18.76. 343,413 shares of the stock traded hands. The firm’s 50-day moving average is $18.30 and its 200-day moving average is $17.93. The stock has a market cap of $524.51 million, a P/E ratio of 27.11 and a beta of 0.88. Cohu, Inc. has a 12 month low of $10.72 and a 12 month high of $21.64.
Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.03. The business had revenue of $93.90 million during the quarter, compared to the consensus estimate of $92.91 million. Cohu had a return on equity of 11.59% and a net margin of 6.21%. The company’s revenue was up 22.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.23 earnings per share. On average, analysts forecast that Cohu, Inc. will post $1.54 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, August 25th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.28%. The ex-dividend date is Wednesday, August 23rd. Cohu’s dividend payout ratio is presently 34.78%.
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Hedge funds and other institutional investors have recently modified their holdings of the stock. Mason Street Advisors LLC lifted its holdings in shares of Cohu by 7.6% during the first quarter. Mason Street Advisors LLC now owns 5,839 shares of the semiconductor company’s stock worth $108,000 after purchasing an additional 411 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in shares of Cohu by 67.7% during the second quarter. BNP Paribas Arbitrage SA now owns 8,085 shares of the semiconductor company’s stock worth $127,000 after purchasing an additional 3,264 shares during the period. Bank of Montreal Can acquired a new stake in shares of Cohu during the second quarter worth $130,000. Louisiana State Employees Retirement System lifted its holdings in shares of Cohu by 2.0% during the first quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the semiconductor company’s stock worth $188,000 after purchasing an additional 200 shares during the period. Finally, Acrospire Investment Management LLC lifted its holdings in shares of Cohu by 101.2% during the first quarter. Acrospire Investment Management LLC now owns 10,666 shares of the semiconductor company’s stock worth $197,000 after purchasing an additional 5,366 shares during the period. 83.91% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on the stock. B. Riley reissued a “buy” rating and set a $25.00 price target on shares of Cohu in a research report on Thursday, July 20th. Zacks Investment Research lowered shares of Cohu from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 28th. BidaskClub raised shares of Cohu from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $19.00 price target (up from $17.00) on shares of Cohu in a research report on Monday, July 17th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $22.75.
Cohu, Inc is a supplier of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors and thermal sub-systems used by global semiconductor manufacturers and test subcontractors. It develops, manufactures, sells and services a line of equipment capable of handling a range of integrated circuits and light-emitting diodes.
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