Cohu, Inc. (NASDAQ:COHU) Given Average Recommendation of “Hold” by Brokerages

Shares of Cohu, Inc. (NASDAQ:COHU) have been assigned an average rating of “Hold” from the seven brokerages that are presently covering the company, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $23.00.

Several equities research analysts recently issued reports on COHU shares. Stifel Nicolaus downgraded Essentra to a “hold” rating in a research note on Tuesday, May 7th. Zacks Investment Research downgraded General Finance from a “buy” rating to a “hold” rating in a research note on Monday. ValuEngine downgraded Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, BidaskClub downgraded Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Tuesday, July 9th.

Cohu stock traded down $0.14 during mid-day trading on Tuesday, hitting $14.29. The company’s stock had a trading volume of 507,400 shares, compared to its average volume of 314,203. The stock’s 50 day moving average is $15.42. The firm has a market cap of $598.03 million, a P/E ratio of 11.52, a PEG ratio of 6.73 and a beta of 1.27. The company has a current ratio of 3.22, a quick ratio of 2.27 and a debt-to-equity ratio of 0.70. Cohu has a 52-week low of $13.86 and a 52-week high of $27.83.

Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Monday, May 6th. The semiconductor company reported ($0.10) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.01). The business had revenue of $147.81 million during the quarter, compared to analysts’ expectations of $145.00 million. Cohu had a positive return on equity of 6.17% and a negative net margin of 12.48%. The firm’s revenue was up 55.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.36 earnings per share. As a group, equities analysts forecast that Cohu will post 0.22 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, June 14th will be paid a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.68%. The ex-dividend date of this dividend is Thursday, June 13th. Cohu’s dividend payout ratio (DPR) is presently 19.35%.

In other news, Director William Bendush sold 3,000 shares of the firm’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $16.52, for a total transaction of $49,560.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Jeffrey D. Jones acquired 4,000 shares of the stock in a transaction dated Thursday, May 23rd. The shares were bought at an average cost of $14.35 per share, for a total transaction of $57,400.00. The disclosure for this purchase can be found here. 3.52% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of COHU. Cambria Investment Management L.P. acquired a new position in shares of Cohu during the 1st quarter valued at about $51,000. Flinton Capital Management LLC increased its holdings in shares of Cohu by 27.6% during the 4th quarter. Flinton Capital Management LLC now owns 4,592 shares of the semiconductor company’s stock valued at $74,000 after acquiring an additional 992 shares during the last quarter. Factorial Partners LLC acquired a new position in shares of Cohu during the 1st quarter valued at about $118,000. SG Americas Securities LLC acquired a new position in shares of Cohu during the 4th quarter valued at about $122,000. Finally, BNP Paribas Arbitrage SA increased its holdings in shares of Cohu by 415.1% during the 1st quarter. BNP Paribas Arbitrage SA now owns 8,247 shares of the semiconductor company’s stock valued at $122,000 after acquiring an additional 6,646 shares during the last quarter. 91.43% of the stock is currently owned by institutional investors and hedge funds.

About Cohu

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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