Cohu, Inc. (NASDAQ:COHU) traded down 0.8% during trading on Friday following insider selling activity. The company traded as low as $20.30 and last traded at $24.42. 667,608 shares changed hands during trading, an increase of 217% from the average session volume of 210,780 shares. The stock had previously closed at $24.62.
Specifically, Director James A. Donahue sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were sold at an average price of $23.85, for a total value of $1,788,750.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Hock Woo Chiang sold 10,844 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $18.77, for a total transaction of $203,541.88. Following the completion of the transaction, the vice president now owns 90,332 shares in the company, valued at approximately $1,695,531.64. The disclosure for this sale can be found here. Insiders sold a total of 197,594 shares of company stock worth $4,306,222 in the last 90 days. Corporate insiders own 6.46% of the company’s stock.
COHU has been the subject of several research 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. Zacks Investment Research upgraded shares of Cohu from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective for the company in a research note on Friday, July 14th. BidaskClub upgraded shares of Cohu from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $19.00 price objective (up previously from $17.00) on shares of Cohu in a research note on Monday, July 17th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $23.60.
The firm has a market cap of $726.40 million, a P/E ratio of 19.99 and a beta of 0.89.
Cohu (NASDAQ:COHU) last released its earnings results on Thursday, November 2nd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.04. Cohu had a return on equity of 15.12% and a net margin of 8.26%. The company had revenue of $93.70 million for the quarter, compared to analysts’ expectations of $91.43 million. During the same quarter in the previous year, the firm posted $0.14 EPS. The firm’s quarterly revenue was up 35.2% on a year-over-year basis. research analysts expect that Cohu, Inc. will post 1.35 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, November 17th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.98%. The ex-dividend date is Thursday, November 16th. Cohu’s payout ratio is 24.49%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in Cohu by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,299,046 shares of the semiconductor company’s stock worth $36,187,000 after purchasing an additional 34,480 shares during the period. Vanguard Group Inc. increased its position in Cohu by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,459,575 shares of the semiconductor company’s stock worth $22,974,000 after purchasing an additional 52,215 shares during the period. Systematic Financial Management LP increased its position in Cohu by 20.6% during the 2nd quarter. Systematic Financial Management LP now owns 843,310 shares of the semiconductor company’s stock worth $13,274,000 after purchasing an additional 143,783 shares during the period. Renaissance Technologies LLC increased its position in Cohu by 12.6% during the 1st quarter. Renaissance Technologies LLC now owns 684,459 shares of the semiconductor company’s stock worth $12,635,000 after purchasing an additional 76,405 shares during the period. Finally, Ameriprise Financial Inc. increased its position in Cohu by 326.9% during the 2nd quarter. Ameriprise Financial Inc. now owns 684,149 shares of the semiconductor company’s stock worth $10,769,000 after purchasing an additional 523,887 shares during the period. Institutional investors own 83.41% 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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