Cohu (COHU) Hits New 12-Month Low at $17.26
Shares of Cohu, Inc. (NASDAQ:COHU) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $17.26 and last traded at $17.36, with a volume of 18469 shares changing hands. The stock had previously closed at $18.36.
Several brokerages have issued reports on COHU. BidaskClub cut Cohu from a “hold” rating to a “sell” rating in a research report on Thursday, November 8th. DA Davidson dropped their target price on Cohu to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, November 6th. ValuEngine cut Cohu from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. Finally, Stifel Nicolaus raised their price objective on Cohu from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, October 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $28.75.
The company has a debt-to-equity ratio of 0.01, a current ratio of 3.58 and a quick ratio of 2.87. The stock has a market capitalization of $544.85 million, a price-to-earnings ratio of 13.01, a price-to-earnings-growth ratio of 1.50 and a beta of 1.29.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, November 16th will be given a $0.06 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.38%. Cohu’s payout ratio is 17.91%.
Several institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in shares of Cohu by 0.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,416,781 shares of the semiconductor company’s stock worth $60,660,000 after purchasing an additional 11,920 shares in the last quarter. BlackRock Inc. boosted its position in shares of Cohu by 2.7% in the 3rd quarter. BlackRock Inc. now owns 4,197,349 shares of the semiconductor company’s stock worth $105,353,000 after purchasing an additional 110,952 shares in the last quarter. Bank of New York Mellon Corp boosted its position in shares of Cohu by 10.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 434,585 shares of the semiconductor company’s stock worth $10,908,000 after purchasing an additional 40,299 shares in the last quarter. Ceredex Value Advisors LLC acquired a new stake in shares of Cohu in the 3rd quarter worth $3,005,000. Finally, Systematic Financial Management LP boosted its position in shares of Cohu by 2.0% in the 3rd quarter. Systematic Financial Management LP now owns 973,590 shares of the semiconductor company’s stock worth $24,437,000 after purchasing an additional 18,720 shares in the last quarter. 97.63% of the stock is owned by hedge funds and other institutional investors.
Cohu Company Profile (NASDAQ:COHU)
Cohu, Inc, through its subsidiaries, engages in the development, manufacture, sale, and servicing of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, and thermal sub-systems for semiconductor manufacturers and test subcontractors worldwide.
Featured Story: Call Option
Receive News & Ratings for Cohu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cohu and related companies with MarketBeat.com's FREE daily email newsletter.