Cohu, Inc. (COHU) Given Consensus Rating of “Hold” by Brokerages
Cohu, Inc. (NASDAQ:COHU) has been assigned a consensus rating of “Hold” from the seven brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $29.33.
A number of research analysts have weighed in on the stock. BidaskClub raised shares of Cohu from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Investment Research raised shares of Cohu from a “strong sell” rating to a “hold” rating in a report on Thursday, January 3rd. DA Davidson cut their price objective on shares of Cohu to $28.00 and set a “buy” rating for the company in a report on Tuesday, November 6th. ValuEngine cut shares of Cohu from a “hold” rating to a “sell” rating in a report on Tuesday, October 23rd. Finally, Stifel Nicolaus lifted their price objective on shares of Cohu from $29.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, October 2nd.
In other Cohu news, VP Stephen R. Wigley sold 6,500 shares of Cohu stock in a transaction on Friday, November 23rd. The shares were sold at an average price of $17.83, for a total value of $115,895.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.88% of the stock is currently owned by insiders.
Shares of Cohu stock opened at $17.48 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.58 and a quick ratio of 2.87. Cohu has a 1 year low of $14.08 and a 1 year high of $27.83. The firm has a market cap of $692.31 million, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 0.99 and a beta of 1.38.
Cohu (NASDAQ:COHU) last issued its earnings results on Monday, November 5th. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.08). Cohu had a return on equity of 13.46% and a net margin of 8.62%. The business had revenue of $86.20 million for the quarter, compared to analysts’ expectations of $92.03 million. During the same period last year, the business earned $0.43 EPS. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. As a group, equities analysts anticipate that Cohu will post 1.26 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 2nd. Shareholders of record on Friday, November 16th were issued a $0.06 dividend. The ex-dividend date of this dividend was Thursday, November 15th. This represents a $0.24 dividend on an annualized basis and a yield of 1.37%. Cohu’s payout ratio is 17.91%.
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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