The stock last traded at $17.98 a bit higher than the 50 day moving average which is $17.97 and just a bit higher than the 200 day moving average of $16.46. The 50 day moving average moved up $0.10 and the 200 day average was up $1.62. Trading was heavy with 287K shares changing hands in the last trading session. Shares saw a steep increase in trading volume of 34.42% over the normal average daily volume.
Investors are feeling more bearish on shares of Cohu, Inc. lately as indicated by the uptick in short interest. The firm saw a rise in short interest of 2.28% between June 15, 2017 and May 31, 2017. Short interest grew 8,014 over that timeframe. The days to cover decreased to 1.5 and the percentage of shorted shares is 0.01% as of May 31.
There has been some selling insider activity on Cohu, Inc. (NASDAQ:COHU) recently. Fellenberg Ian Von, VP & GM Analog Test Handlers let go of $48,056 worth of shares at an average price of $18.21 on Tue the 30th. The VP & GM Analog Test Handlers now owns $905,820 of the stock as recorded in a recent Form 4 SEC filing. VP Global Sales & Service Hock Woo Chiang disclosed the sale of 6,000 shares of (COHU). The shares were purchased at an average price of $18.88. The VP Global Sales & Service now owns $1,500,733 of the stock according to the SEC filing.
William Bendush, Director disclosed the sale of 5,000 shares of COHU stock. The shares were sold on May 11th for an average price of $18.72. Bendush now owns $532,397 of the stock per the Form 4 SEC filing.
Here are a few additional firms who have increased or decreased their stake in (COHU). As of the end of the quarter Bank Of Montreal /can/ had acquired 3,621 shares growing its position 704.5%. The value of the investment in Cohu, Inc. increased from $6,000 to $65,000 a change of 983.3% quarter to quarter. As of quarter end Morgan Stanley had bought a total of 458 shares growing its holdings by 738.7%. The value in dollars went from $1,000 to $10,000 a change of $9,000 since the last quarter.
Goldman Sachs Group Inc divested its ownership by shedding 20,572 shares a decrease of 46.5% in the quarter. Goldman Sachs Group Inc now holds 23,639 shares with a value of $436,000. The total value of its holdings decreased 29.1%. State Street Corp grew its position by buying 33,389 shares an increase of 5.5% from 12/31/2016 to 03/31/2017. State Street Corp now controls 640,724 shares valued at $11,832,000. The value of the position overall is up by 40.1%.
On February 25, 2016 Stifel Nicolaus started coverage giving it an initial rating of “Hold”. Needham added COHU to its research portfolio by announcing an initial rating of “Hold”.
On June 16 B Riley kept the stock rating at “Buy” but moved down the price target from $15.70 to $14.50.
The company is now up since yesterday’s close of $16.71. Additionally Cohu, Inc. recently announced a dividend to be paid on Friday the 28th of July 2017. The dividend will be $0.060 per share for the quarter or $0.24 annualized. The dividend yield will be $1.48. The ex-dividend date will be Wednesday June 14th, 2017.
The most current P/E ratio is 44.193 and the market cap is 493.99M. In the latest earnings report the EPS was $0.41 and is expected to be $1.45 for the current year with 27,330,000 shares currently outstanding. Analysts expect next quarter’s EPS to be $0.38 with next year’s EPS anticipated to be $1.68.
Cohu, Inc. (Cohu), launched on January 2, 1957, 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. The Company develops, manufactures, sells and services a line of equipment capable of handling a range of integrated circuits and light-emitting diodes (LEDs). It operates through semiconductor equipment segment. It offers products for the pick-and-place, gravity-feed, test-in-strip and turret handling, MEMS, burn-in and system-level test markets. It sells various products, including Delta MATRiX, Delta Pyramid, Delta Eclipse, Delta LinX, Rasco SO1000, Rasco SO2000, Rasco Saturn and Jupiter, Rasco Jaguar, Ismeca NY32, Ismeca NY20 and Delta Fusion HD. Its principal manufacturing operations are located in Malacca, Malaysia (handlers); Poway, California (thermal subsystems); Laguna, the Philippines (kits and contactors); Kolbermoor, Germany (handlers); Osaka, Japan (contactors)..