Cohu (COHU) Getting Somewhat Favorable News Coverage, Report Finds
News coverage about Cohu (NASDAQ:COHU) has been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Cohu earned a news impact score of 0.24 on Accern’s scale. Accern also assigned news articles about the semiconductor company an impact score of 46.5743423825014 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Cohu (COHU) traded down 1.48% during midday trading on Thursday, hitting $18.62. 167,825 shares of the stock were exchanged. The firm’s 50 day moving average is $18.07 and its 200-day moving average is $17.65. The stock has a market capitalization of $520.60 million, a price-to-earnings ratio of 26.91 and a beta of 0.88. Cohu has a 1-year low of $10.63 and a 1-year high of $21.64.
Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.39 by $0.03. The business had revenue of $93.90 million for the quarter, compared to analyst estimates of $92.91 million. Cohu had a net margin of 6.21% and a return on equity of 11.59%. The company’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.23 earnings per share. On average, analysts predict that Cohu will post $1.54 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, August 25th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.27%. The ex-dividend date of this dividend is Wednesday, August 23rd. Cohu’s dividend payout ratio is 34.78%.
COHU has been the topic of several analyst reports. ValuEngine raised shares of Cohu from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Zacks Investment Research raised shares of Cohu from a “hold” rating to a “strong-buy” rating and set a $22.00 target price on the stock in a report on Thursday, May 4th. BidaskClub raised shares of Cohu from a “hold” rating to a “buy” rating in a report on Wednesday, July 19th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $19.00 target price (up from $17.00) on shares of Cohu in a report on Monday, July 17th. Finally, Dougherty & Co upped their target price on shares of Cohu from $23.50 to $24.00 and gave the company a “buy” rating in a report on Friday, July 28th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $22.75.
In other Cohu news, Director James A. Donahue sold 75,000 shares of Cohu stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $17.87, for a total value of $1,340,250.00. Following the sale, the director now owns 444,049 shares of the company’s stock, valued at $7,935,155.63. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 5.97% of the company’s stock.
Cohu Company Profile
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. It develops, manufactures, sells and services a line of equipment capable of handling a range of integrated circuits and light-emitting diodes.
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