Cohu (COHU) Stock Rating Lowered by ValuEngine

ValuEngine cut shares of Cohu (NASDAQ:COHU) from a hold rating to a sell rating in a research report released on Thursday, April 11th, ValuEngine reports.

A number of other analysts have also recently weighed in on COHU. Stifel Nicolaus cut shares of Cohu from a buy rating to a hold rating and decreased their price target for the stock from $30.00 to $20.00 in a research report on Wednesday, January 23rd. B. Riley reaffirmed a buy rating on shares of Cohu in a research report on Tuesday, March 5th. DA Davidson reaffirmed a buy rating on shares of Cohu in a research report on Wednesday, March 13th. Zacks Investment Research cut shares of Cohu from a hold rating to a sell rating in a research report on Thursday, April 11th. Finally, BidaskClub raised shares of Cohu from a sell rating to a hold rating in a research report on Saturday, January 12th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company. Cohu currently has an average rating of Hold and an average price target of $24.00.

Shares of COHU opened at $15.42 on Thursday. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.02 and a quick ratio of 2.15. The firm has a market capitalization of $620.62 million, a price-to-earnings ratio of 12.44, a price-to-earnings-growth ratio of 3.84 and a beta of 1.36. Cohu has a fifty-two week low of $14.08 and a fifty-two week high of $27.83.

Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Tuesday, March 12th. The semiconductor company reported $0.15 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.02. Cohu had a positive return on equity of 10.84% and a negative net margin of 7.12%. The company had revenue of $170.64 million during the quarter, compared to the consensus estimate of $173.50 million. On average, analysts forecast that Cohu will post 0.39 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Tuesday, February 26th were paid a $0.06 dividend. The ex-dividend date of this dividend was Monday, February 25th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.56%. Cohu’s dividend payout ratio (DPR) is presently 19.35%.

Several institutional investors have recently modified their holdings of COHU. Wells Fargo & Company MN raised its stake in shares of Cohu by 1.5% in the 3rd quarter. Wells Fargo & Company MN now owns 160,852 shares of the semiconductor company’s stock valued at $4,038,000 after purchasing an additional 2,404 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Cohu by 10.2% during the third quarter. Bank of New York Mellon Corp now owns 434,585 shares of the semiconductor company’s stock worth $10,908,000 after acquiring an additional 40,299 shares during the period. BlackRock Inc. raised its stake in Cohu by 2.7% during the third quarter. BlackRock Inc. now owns 4,197,349 shares of the semiconductor company’s stock worth $105,353,000 after acquiring an additional 110,952 shares during the period. Dimensional Fund Advisors LP raised its stake in Cohu by 0.5% during the third quarter. Dimensional Fund Advisors LP now owns 2,416,781 shares of the semiconductor company’s stock worth $60,660,000 after acquiring an additional 11,920 shares during the period. Finally, First Republic Investment Management Inc. raised its stake in Cohu by 50.1% during the third quarter. First Republic Investment Management Inc. now owns 16,398 shares of the semiconductor company’s stock worth $412,000 after acquiring an additional 5,471 shares during the period. Institutional investors and hedge funds own 92.04% of the company’s stock.

Cohu Company Profile

Cohu, Inc, through its subsidiaries, provides semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, thermal sub-systems, semiconductor automated test equipment (ATE), and bare board printed circuit board (PCB) test systems for semiconductor and electronics manufacturers, and test subcontractors worldwide.

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