Cohu (NASDAQ:COHU) Raised to “Hold” at BidaskClub

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BidaskClub upgraded shares of Cohu (NASDAQ:COHU) from a sell rating to a hold rating in a report released on Tuesday morning, BidAskClub reports.

Several other research analysts also recently commented on the company. Zacks Investment Research raised Cohu from a sell rating to a hold rating in a research note on Thursday, August 1st. Craig Hallum began coverage on Cohu in a research note on Thursday, September 5th. They set a buy rating and a $20.00 target price on the stock. Finally, ValuEngine downgraded Cohu from a strong-buy rating to a buy rating in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Cohu has an average rating of Buy and a consensus target price of $23.50.

NASDAQ COHU opened at $14.01 on Tuesday. The stock’s 50-day moving average price is $13.15 and its 200-day moving average price is $14.90. The company has a quick ratio of 2.08, a current ratio of 3.01 and a debt-to-equity ratio of 0.73. Cohu has a 52 week low of $11.37 and a 52 week high of $25.63. The company has a market capitalization of $578.22 million, a P/E ratio of 58.63 and a beta of 1.32.

Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Monday, August 5th. The semiconductor company reported ($0.05) EPS for the quarter, missing the 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 company had revenue of $150.01 million during the quarter, compared to the consensus estimate of $152.50 million. During the same period last year, the business earned $0.64 EPS. The firm’s quarterly revenue was up 50.3% compared to the same quarter last year. Research analysts anticipate that Cohu will post -0.29 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, August 23rd will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend is Thursday, August 22nd. Cohu’s dividend payout ratio (DPR) is presently 19.35%.

In other Cohu news, CFO Jeffrey D. Jones bought 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The shares were bought at an average price of $13.07 per share, with a total value of $39,210.00. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 3.52% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of COHU. BNP Paribas Arbitrage SA raised its stake in 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 purchasing an additional 6,646 shares during the period. SG Americas Securities LLC grew its holdings in Cohu by 93.8% during the 1st quarter. SG Americas Securities LLC now owns 14,681 shares of the semiconductor company’s stock valued at $217,000 after buying an additional 7,106 shares in the last quarter. Rhumbline Advisers grew its holdings in Cohu by 0.7% during the 1st quarter. Rhumbline Advisers now owns 116,217 shares of the semiconductor company’s stock valued at $1,714,000 after buying an additional 777 shares in the last quarter. Comerica Bank grew its holdings in Cohu by 2.8% during the 1st quarter. Comerica Bank now owns 40,180 shares of the semiconductor company’s stock valued at $610,000 after buying an additional 1,097 shares in the last quarter. Finally, Texas Permanent School Fund grew its holdings in Cohu by 3.8% during the 1st quarter. Texas Permanent School Fund now owns 27,635 shares of the semiconductor company’s stock valued at $408,000 after buying an additional 1,001 shares in the last quarter. 91.99% of the stock is currently owned by institutional investors.

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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