Cohu (NASDAQ:COHU) Downgraded by ValuEngine

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ValuEngine cut shares of Cohu (NASDAQ:COHU) from a strong-buy rating to a buy rating in a report released on Wednesday morning, ValuEngine reports.

A number of other equities analysts have also commented on COHU. DA Davidson lifted their price objective on Cohu from $19.00 to $25.00 and gave the stock a buy rating in a research note on Tuesday, November 5th. Zacks Investment Research raised Cohu from a sell rating to a hold rating and set a $22.00 price objective on the stock in a research note on Tuesday, November 5th. Craig Hallum started coverage on Cohu in a research note on Thursday, September 5th. They issued a buy rating and a $20.00 price objective on the stock. Finally, BidaskClub raised Cohu from a buy rating to a strong-buy rating in a research note on Saturday, October 26th. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of Buy and an average target price of $22.60.

COHU stock traded up $0.09 during trading hours on Wednesday, hitting $19.71. 192,200 shares of the stock were exchanged, compared to its average volume of 335,942. The company has a 50-day simple moving average of $15.25 and a two-hundred day simple moving average of $14.83. The company has a current ratio of 3.10, a quick ratio of 2.08 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $801.78 million, a P/E ratio of 15.90 and a beta of 1.41. Cohu has a 12 month low of $11.37 and a 12 month high of $20.05.

Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Sunday, November 3rd. The semiconductor company reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.18. The company had revenue of $143.50 million for the quarter, compared to analyst estimates of $142.99 million. Cohu had a positive return on equity of 0.35% and a negative net margin of 17.84%. The firm’s quarterly revenue was up 66.5% on a year-over-year basis. During the same period in the previous year, the firm earned $0.30 earnings per share. On average, equities research analysts predict that Cohu will post -0.24 earnings per share for the current year.

The firm also recently announced a dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, November 14th. Cohu’s payout ratio is currently 19.35%.

In other Cohu news, VP Pascal Ronde sold 10,000 shares of Cohu stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $19.45, for a total value of $194,500.00. Following the completion of the sale, the vice president now directly owns 152,705 shares in the company, valued at $2,970,112.25. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 3.52% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Systematic Financial Management LP increased its holdings in Cohu by 17.3% in the third quarter. Systematic Financial Management LP now owns 1,346,864 shares of the semiconductor company’s stock worth $18,189,000 after purchasing an additional 198,366 shares in the last quarter. BBVA USA Bancshares Inc. bought a new stake in Cohu in the third quarter worth approximately $400,000. Tower Research Capital LLC TRC increased its holdings in Cohu by 566.5% in the third quarter. Tower Research Capital LLC TRC now owns 6,318 shares of the semiconductor company’s stock worth $85,000 after purchasing an additional 5,370 shares in the last quarter. First Trust Advisors LP bought a new stake in Cohu in the third quarter worth approximately $1,435,000. Finally, Russell Investments Group Ltd. bought a new stake in Cohu in the third quarter worth approximately $138,000. Institutional investors and hedge funds own 91.93% 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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