|Bid||0.00 x 1100|
|Ask||0.00 x 1800|
|Day's Range||37.73 - 41.51|
|52 Week Range||8.89 - 51.86|
|Beta (5Y Monthly)||1.82|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 03, 2021 - May 07, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Feb 24, 2020|
|1y Target Est||62.57|
Cohu, Inc. (NASDAQ: COHU), a global leader in back-end semiconductor equipment and services, today announced the pricing of an underwritten public offering of 4,950,000 shares of its common stock at a public offering price of $41.00 per share. The offering was upsized from the previously announced public offering of 4,500,000 shares of common stock. All of the shares are being offered by Cohu. The gross proceeds to Cohu, before deducting underwriting discounts and commissions and estimated offering expenses payable by Cohu, are expected to be approximately $203 million. In addition, Cohu has granted the underwriters a 30-day option to purchase up to an additional 742,500 shares of its common stock in the offering at the public offering price, less underwriting discounts and commissions.
John Buckingham of the Prudent Speculator newsletter selects stocks he would buy today, based on expected earnings growth and low valuations.
Semiconductor equipment and services provider Cohu Inc (NASDAQ: COHU) has proposed to sell 4.5 million shares in a secondary offering. The underwriters have 30 days to purchase additional shares up to 675,000. Based on the last closing price of $45.99, COHU can raise gross proceeds of roughly $238 million if underwriters exercise the option to purchase additional shares. The offering proceeds will be utilized to repay outstanding principal on its term loan facility and general corporate purposes. Citigroup, Goldman Sachs, and Stifel are the joint book-running managers for the proposed offering. B. Riley Securities, Craig-Hallum Capital Group, and D.A. Davidson are the co-managers for the offering. COHU shares have gained 173% in the last six months. Price action: COHU shares closed 5.85% higher at $45.99 on Monday. See more from BenzingaClick here for options trades from BenzingaEPAM To Acquire Salesforce Platinum Partner PolSource For Undisclosed SumAltice USA To Acquire Morris Broadband To Expand Footprint In North Carolina© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.