ValuEngine upgraded shares of Cohu (NASDAQ:COHU) from a sell rating to a hold rating in a report published on Monday, February 4th.
A number of other research firms have also recently commented on COHU. BidaskClub cut Cohu from a hold rating to a sell rating in a research report on Tuesday, December 11th. Zacks Investment Research cut Cohu from a hold rating to a strong sell rating in a research report on Monday, December 3rd. Stifel Nicolaus cut Cohu from a buy rating to a hold rating and dropped their price target for the stock from $30.00 to $20.00 in a research report on Wednesday, January 23rd. Finally, DA Davidson lowered their price objective on Cohu to $28.00 and set a buy rating on the stock in a research note on Tuesday, November 6th. One research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of Hold and an average price target of $25.00.
COHU stock traded up $0.07 during trading on Monday, hitting $17.96. 189,679 shares of the company traded hands, compared to its average volume of 188,514. The stock has a market cap of $730.97 million, a P/E ratio of 13.40, a P/E/G ratio of 1.51 and a beta of 1.38. Cohu has a 1 year low of $14.08 and a 1 year high of $27.83. The company has a current ratio of 3.58, a quick ratio of 2.87 and a debt-to-equity ratio of 0.01.
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Tuesday, February 26th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.34%. The ex-dividend date of this dividend is Monday, February 25th. Cohu’s dividend payout ratio (DPR) is presently 17.91%.
Institutional investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its stake in Cohu by 25.1% during the 2nd quarter. Bank of America Corp DE now owns 188,594 shares of the semiconductor company’s stock worth $4,622,000 after acquiring an additional 37,783 shares in the last quarter. California Public Employees Retirement System acquired a new position in Cohu during the 2nd quarter worth about $208,000. Northern Trust Corp lifted its stake in Cohu by 43.2% during the 2nd quarter. Northern Trust Corp now owns 635,951 shares of the semiconductor company’s stock worth $15,586,000 after acquiring an additional 191,710 shares in the last quarter. Bank of Montreal Can lifted its stake in Cohu by 33.6% during the 3rd quarter. Bank of Montreal Can now owns 73,450 shares of the semiconductor company’s stock worth $1,844,000 after acquiring an additional 18,485 shares in the last quarter. Finally, Foundry Partners LLC lifted its stake in Cohu by 2.5% during the 3rd quarter. Foundry Partners LLC now owns 142,945 shares of the semiconductor company’s stock worth $3,588,000 after acquiring an additional 3,455 shares in the last quarter. 80.41% of the stock is currently owned by institutional investors and hedge funds.
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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