Cohu Inc. (COHU) to Issue Quarterly Dividend of $0.06 on January 2nd
Cohu Inc. (NASDAQ:COHU) announced a quarterly dividend on Thursday, October 27th. Stockholders of record on Friday, November 18th will be given a dividend of 0.06 per share on Monday, January 2nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date is Wednesday, November 16th.
Shares of Cohu (NASDAQ:COHU) opened at 11.53 on Friday. The stock has a 50 day moving average of $11.26 and a 200-day moving average of $11.24. Cohu has a 1-year low of $10.01 and a 1-year high of $13.32. The firm has a market capitalization of $307.98 million, a P/E ratio of 104.82 and a beta of 0.84.
Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, October 27th. The company reported $0.14 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.06 by $0.08. Cohu had a return on equity of 3.04% and a net margin of 1.06%. The business had revenue of $69.30 million for the quarter, compared to analysts’ expectations of $67.95 million. During the same period in the previous year, the business posted $0.17 EPS. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, equities analysts expect that Cohu will post $0.50 earnings per share for the current year.
Several large investors have recently made changes to their positions in COHU. Guggenheim Capital LLC boosted its stake in shares of Cohu by 0.3% in the second quarter. Guggenheim Capital LLC now owns 11,103 shares of the company’s stock valued at $121,000 after buying an additional 30 shares in the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Cohu by 6.8% in the second quarter. Thrivent Financial for Lutherans now owns 12,060 shares of the company’s stock valued at $131,000 after buying an additional 770 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Cohu by 3.1% in the second quarter. Arizona State Retirement System now owns 13,126 shares of the company’s stock valued at $142,000 after buying an additional 400 shares in the last quarter. BlackRock Advisors LLC boosted its stake in shares of Cohu by 15.4% in the third quarter. BlackRock Advisors LLC now owns 14,365 shares of the company’s stock valued at $169,000 after buying an additional 1,915 shares in the last quarter. Finally, Citadel Advisors LLC bought a new stake in shares of Cohu during the third quarter valued at $179,000. Hedge funds and other institutional investors own 86.32% of the company’s stock.
COHU has been the topic of a number of research reports. B. Riley restated a “buy” rating and issued a $14.00 price objective on shares of Cohu in a research note on Wednesday, November 2nd. Zacks Investment Research upgraded Cohu from a “hold” rating to a “buy” rating and set a $12.00 price objective on the stock in a research note on Tuesday, November 1st. Finally, TheStreet cut Cohu from a “buy” rating to a “hold” rating in a research note on Friday, July 29th.
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. The Company develops, manufactures, sells and services a line of equipment capable of handling a range of integrated circuits and light-emitting diodes (LEDs).
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