Cohu, Inc. (NASDAQ:COHU) has received a consensus recommendation of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $27.00.

Several brokerages have recently issued reports on COHU. BidaskClub raised Cohu from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 8th. Zacks Investment Research lowered Cohu from a “buy” rating to a “hold” rating in a research note on Tuesday, July 10th. ValuEngine lowered Cohu from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Finally, Stifel Nicolaus lowered Cohu from a “buy” rating to a “hold” rating in a research note on Monday, May 28th.

Shares of COHU traded down $0.84 during trading hours on Monday, hitting $21.76. 194,800 shares of the stock traded hands, compared to its average volume of 256,678. The company has a quick ratio of 2.93, a current ratio of 3.66 and a debt-to-equity ratio of 0.01. Cohu has a 1-year low of $18.60 and a 1-year high of $27.83. The firm has a market capitalization of $641.34 million, a PE ratio of 16.24 and a beta of 1.00.

Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Thursday, August 2nd. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.17. Cohu had a return on equity of 15.21% and a net margin of 9.50%. The business had revenue of $99.80 million for the quarter, compared to analyst estimates of $99.57 million. During the same quarter in the prior year, the firm posted $0.48 earnings per share. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. analysts anticipate that Cohu will post 1.57 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 19th. Shareholders of record on Friday, August 24th will be paid a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 1.10%. The ex-dividend date is Thursday, August 23rd. Cohu’s payout ratio is 17.91%.

In other Cohu news, VP Hock Woo Chiang sold 15,825 shares of the stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $27.59, for a total value of $436,611.75. Following the transaction, the vice president now owns 71,947 shares of the company’s stock, valued at $1,985,017.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.88% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. raised its position in shares of Cohu by 2.3% during the second quarter. BlackRock Inc. now owns 4,086,397 shares of the semiconductor company’s stock worth $100,159,000 after purchasing an additional 92,750 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Cohu by 1.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,404,861 shares of the semiconductor company’s stock worth $58,942,000 after purchasing an additional 26,142 shares during the period. Royce & Associates LP raised its position in shares of Cohu by 7.7% during the second quarter. Royce & Associates LP now owns 1,676,535 shares of the semiconductor company’s stock worth $41,092,000 after purchasing an additional 119,492 shares during the period. Cooke & Bieler LP raised its position in shares of Cohu by 11.4% during the first quarter. Cooke & Bieler LP now owns 1,077,278 shares of the semiconductor company’s stock worth $24,573,000 after purchasing an additional 110,498 shares during the period. Finally, Systematic Financial Management LP raised its position in shares of Cohu by 11.3% during the second quarter. Systematic Financial Management LP now owns 954,870 shares of the semiconductor company’s stock worth $23,404,000 after purchasing an additional 96,742 shares during the period. 98.34% of the stock is currently owned by institutional investors.

About Cohu

Cohu, Inc, through its subsidiaries, engages in the development, manufacture, sale, and servicing of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, and thermal sub-systems for semiconductor manufacturers and test subcontractors worldwide.

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