Cohu, Inc. (NASDAQ:COHU) is one of the stocks that are taking the center stage today as the company shares are trading 4.68% or 0.77 points lower from last closing price of $16.46, reaching $15.69 at last check. So what’s going on with COHU shares anyway? The price has dropped in 4 of the last 5 days and is up 6.68% over the past week. It will be exciting to see whether the stock manages to continue decreasing or take a minor break for the next few days. The move came on solid volume too with far more shares changing hands than in a normal session. Trading activity as of this writing strengthened by 57,469 shares, and in total 190469 shares valued at $2.988 million were seen changing hands compared with 133000 shares valued at $2.189 million recorded at the previous session. You should take into consideration that a greater volume on lower prices causes the situation where nobody wants to continue with their long position and wants to exit from the COHU stock.
Cohu, Inc. (COHU) shares have notched a 3-month gain of about 6.68%, but has still advanced 2.43% year to date. By comparison, the stock sank -34.05% over the past 12 months, while it slipped -1.26% over the 1 month. The company’s market cap is around $665.81M, with its short interest ratio standing at 4.44%.
In the current trading session for COHU, the stock witnessed two major price actions, it rose to a high of $16.38 and was down as much as $15.65 at one point. The high recorded is very low when compared to their 52-week high which is $14.08. The 52-week high is now at -43.69 distance from current price. Their recent low of $27.83 represents a 11.29% recovery. This data is quite important for investors who look to benefit from the recent rise of the company’s stock. The price target currently for COHU is $23.67, this is below the recent high that the stock attained. Taking a look at the overall sentimental views of financial analysts, the trading pattern of this stock recently is very clear.
The stock of Cohu, Inc. earned $-1.4 per share in the trailing 12 months and has a P/E ratio of -11.21. You can compare it with that of similar companies in its industry to get a sense of whether the stock you’re looking to purchase is overvalued or undervalued. Its current price to earnings ratio is lower than the ones recorded by the industry which is 22.41 and lower compared to the sector’s average of 980.64. When the P/E ratio is low let’s say below 1.0, then the stock price is considered a good value. COHU also has P/S multiple of 1.26. This is smaller versus the 12 month P/S ratios of other companies in the same indutry. The peer average price to sales ratio is 3.42x.
The company recorded an interesting insider purchase transaction by the VP on May 23, 2019. A Securities and Exchanges Commission filings show that Jeffrey D. Jones bought a total of 4,000 COHU shares that day for a sum of around $57,400. Cohu, Inc. (COHU) insiders have acquired 355,553 shares in the stock within the past three months. In total, individual insiders traded 398,172 shares in the business, which makes up 91.084% of 437,147 shares that were traded over a year. In the past 12 months, insiders have purchased 367,185 shares while the seller parted with 69,962 shares.
COHU‘s last price was down -13.4% as compared to the average trading price of 50 days recorded at $18.12 while enlarging the period to 200 trading days, the average closing price was $15.57. At present, there are 40.45 million in the total number of common shares owned by the public and among those 39.53 million shares have been available to trade. The percentage of shares being held by the company management was 3.4% while institutions stake was 96.2%. The company has generated negative returns on equity over the last 12 months (-14.9%). It managed to keep its gross profit margin at 34.5% over the past 12 months.
When assessing the full upside of the COHU stock, there is another set of technicals that should be looked into and considered. Its 0.75% gain from moving average of $15.57 has brought about a positive sentiment when calculated over the last 20 days. The market has allocated a beta of 1.31 to the stock. With the beta been greater than one, this implies that the company shares are theoretically more volatile than the market, something that the traders definitely are keeping an eye on.
Most of the analysts surveyed by Thomson/First Call think quite highly of Cohu, Inc. — 3 analysts rate the stock as a buy with another 0 rating it strong buy. There are 0 analysts who maintain a hold rating for the stock, with 0 giving it a sell rating. Analysts arrived at a 12-month price target of $24.6667 on shares of Cohu, Inc. (NASDAQ:COHU), which corresponds to 56.81% upside potential than its current market price of $15.69 and implies potential despite the recent drop in the price. However, their current target price has fallen from $24.6667 a month ago and is up handily from the consensus target of $24 a quarter ago.
In the last five years, the EPS of the company has been roughly 5.9%. Though the percentage looks disappointing, extra tailwinds are emerging as looking out over a next 5-year period, with analysts estimating that their earnings will increase annually by 10%. The revenue of the company has risen at an average annualized rate of about 14.3 over the last five years. The company recently recorded an increase of 55.3%, but this figure is rather attractive.
Let’s briefly check the hedge fund interest towards COHU stock. Zebra Capital Management LLC added position in the company after it grew 6.6% or 10,881 shares of its common stock. The hedge fund now owns 11,599 shares worth $181,988, SEC documents show. Ladenburg Thalmann Financial Services Inc. cut assets in the stock as 4318.28 shares have been sold, reducing its stake by -53.5% to 2,008 shares which are currently valued at $31,506. In addition, Morgan Stanley recently reported that it now owns 17,608 shares making a total of $276,270 based on the recent price. This refelects a change of 159.4% in their ownership.