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.

Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Monday, November 5th. The semiconductor company reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.08). The business had revenue of $86.20 million during the quarter, compared to analyst estimates of $92.03 million. Cohu had a return on equity of 13.46% and a net margin of 8.62%. The firm’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.43 EPS. As a group, research analysts anticipate that Cohu, Inc. will post 1.26 earnings per share for the current year.

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.

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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.

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