Cohu, Inc. (COHU) Director Steven J. Bilodeau Sells 10,000 Shares of Stock
Cohu, Inc. (NASDAQ:COHU) Director Steven J. Bilodeau sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $24.86, for a total transaction of $248,600.00. Following the completion of the transaction, the director now owns 95,184 shares in the company, valued at approximately $2,366,274.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
Shares of Cohu, Inc. (COHU) traded up $0.42 during trading on Wednesday, reaching $25.40. 332,900 shares of the company were exchanged, compared to its average volume of 244,441. The company has a current ratio of 3.62, a quick ratio of 2.89 and a debt-to-equity ratio of 0.02. Cohu, Inc. has a 12 month low of $11.90 and a 12 month high of $26.17. The company has a market capitalization of $706.64, a P/E ratio of 19.22 and a beta of 0.89.
Cohu (NASDAQ:COHU) last released its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.04. Cohu had a net margin of 8.26% and a return on equity of 14.67%. The business had revenue of $93.70 million for the quarter, compared to the consensus estimate of $91.43 million. During the same period last year, the firm earned $0.14 earnings per share. The company’s quarterly revenue was up 35.2% on a year-over-year basis. equities research analysts predict that Cohu, Inc. will post 1.37 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, November 17th will be given a $0.06 dividend. The ex-dividend date is Thursday, November 16th. This represents a $0.24 annualized dividend and a yield of 0.94%. Cohu’s payout ratio is presently 24.49%.
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COHU has been the topic of several analyst reports. ValuEngine upgraded shares of Cohu from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Needham & Company LLC reiterated a “hold” rating on shares of Cohu in a research note on Friday, September 1st. Dougherty & Co upped their target price on shares of Cohu from $23.50 to $24.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. B. Riley upped their target price on shares of Cohu from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Finally, Zacks Investment Research upgraded shares of Cohu from a “hold” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a research note on Monday, August 21st. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. Cohu currently has an average rating of “Buy” and an average target price of $25.40.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in COHU. Cubist Systematic Strategies LLC increased its stake in shares of Cohu by 34.9% in the second quarter. Cubist Systematic Strategies LLC now owns 16,410 shares of the semiconductor company’s stock worth $258,000 after purchasing an additional 4,243 shares in the last quarter. Swiss National Bank increased its stake in shares of Cohu by 10.8% in the second quarter. Swiss National Bank now owns 46,141 shares of the semiconductor company’s stock worth $726,000 after purchasing an additional 4,500 shares in the last quarter. AJO LP increased its stake in shares of Cohu by 73.4% in the second quarter. AJO LP now owns 210,071 shares of the semiconductor company’s stock worth $3,307,000 after purchasing an additional 88,949 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Cohu by 38.4% in the first quarter. Bank of America Corp DE now owns 43,752 shares of the semiconductor company’s stock worth $808,000 after purchasing an additional 12,147 shares in the last quarter. Finally, Texas Permanent School Fund increased its stake in shares of Cohu by 2.7% in the second quarter. Texas Permanent School Fund now owns 18,558 shares of the semiconductor company’s stock worth $292,000 after purchasing an additional 480 shares in the last quarter. Institutional investors and hedge funds own 85.13% of the company’s stock.
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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