Cohu Inc. (COHU) Director William Bendush Sells 6,000 Shares of Stock
Cohu Inc. (NASDAQ:COHU) Director William Bendush sold 6,000 shares of the firm’s stock in a transaction dated Friday, November 18th. The shares were sold at an average price of $12.14, for a total transaction of $72,840.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Cohu Inc. (NASDAQ:COHU) traded up 0.24% on Monday, hitting $12.45. 20,903 shares of the stock traded hands. The stock has a market cap of $332.55 million, a PE ratio of 113.18 and a beta of 0.84. The stock has a 50 day moving average of $11.32 and a 200-day moving average of $11.26. Cohu Inc. has a 1-year low of $10.01 and a 1-year high of $13.32.
Cohu (NASDAQ:COHU) last issued its earnings results on Thursday, October 27th. The company reported $0.14 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.06 by $0.08. The firm earned $69.30 million during the quarter, compared to the consensus estimate of $67.95 million. Cohu had a return on equity of 3.04% and a net margin of 1.06%. The business’s quarterly revenue was up 2.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.17 earnings per share. On average, equities research analysts expect that Cohu Inc. will post $0.50 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 2nd. Shareholders of record on Friday, November 18th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.93%. The ex-dividend date of this dividend is Wednesday, November 16th. Cohu’s payout ratio is 218.20%.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD increased its position in shares of Cohu by 29.9% in the third quarter. Price T Rowe Associates Inc. MD now owns 447,652 shares of the company’s stock valued at $5,255,000 after buying an additional 103,170 shares during the last quarter. Highbridge Capital Management LLC purchased a new position in Cohu during the third quarter valued at about $194,000. D. E. Shaw & Co. Inc. increased its position in Cohu by 1.4% in the third quarter. D. E. Shaw & Co. Inc. now owns 81,610 shares of the company’s stock valued at $958,000 after buying an additional 1,152 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in Cohu during the third quarter valued at about $228,000. Finally, Analytic Investors LLC purchased a new position in Cohu during the third quarter valued at about $119,000. 82.24% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts have weighed in on the stock. B. Riley restated a “buy” rating and issued a $14.00 price objective on shares of Cohu in a research report on Thursday. Zacks Investment Research raised shares of Cohu from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a research note on Tuesday, November 1st. Finally, TheStreet lowered shares of 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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