Cohu, Inc. (NASDAQ:COHU) has been assigned a consensus rating of “Hold” from the seven brokerages that are covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $29.33.

A number of research analysts have weighed in on the stock. BidaskClub raised shares of Cohu from a “sell” rating to a “hold” rating in a report on Saturday. Zacks Investment Research raised shares of Cohu from a “strong sell” rating to a “hold” rating in a report on Thursday, January 3rd. DA Davidson cut their price objective on shares of Cohu to $28.00 and set a “buy” rating for the company in a report on Tuesday, November 6th. ValuEngine cut shares of Cohu from a “hold” rating to a “sell” rating in a report on Tuesday, October 23rd. Finally, Stifel Nicolaus lifted their price objective on shares of Cohu from $29.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, October 2nd.

In other Cohu news, VP Stephen R. Wigley sold 6,500 shares of Cohu stock in a transaction on Friday, November 23rd. The shares were sold at an average price of $17.83, for a total value of $115,895.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 3.88% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in COHU. Northern Trust Corp grew its position in shares of Cohu by 43.2% in the second quarter. Northern Trust Corp now owns 635,951 shares of the semiconductor company’s stock valued at $15,586,000 after purchasing an additional 191,710 shares during the period. Victory Capital Management Inc. grew its position in shares of Cohu by 183.6% in the third quarter. Victory Capital Management Inc. now owns 192,082 shares of the semiconductor company’s stock valued at $4,821,000 after purchasing an additional 124,352 shares during the period. Ceredex Value Advisors LLC acquired a new stake in shares of Cohu in the third quarter valued at about $3,005,000. BlackRock Inc. grew its position in shares of Cohu by 2.7% in the third quarter. BlackRock Inc. now owns 4,197,349 shares of the semiconductor company’s stock valued at $105,353,000 after purchasing an additional 110,952 shares during the period. Finally, Pacific Ridge Capital Partners LLC grew its position in shares of Cohu by 27.9% in the third quarter. Pacific Ridge Capital Partners LLC now owns 288,463 shares of the semiconductor company’s stock valued at $7,240,000 after purchasing an additional 62,978 shares during the period. Institutional investors and hedge funds own 72.16% of the company’s stock.

Shares of Cohu stock opened at $17.48 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.58 and a quick ratio of 2.87. Cohu has a 1 year low of $14.08 and a 1 year high of $27.83. The firm has a market cap of $692.31 million, a P/E ratio of 13.04, a price-to-earnings-growth ratio of 0.99 and a beta of 1.38.

Cohu (NASDAQ:COHU) last issued its earnings results on Monday, November 5th. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.08). Cohu had a return on equity of 13.46% and a net margin of 8.62%. The business had revenue of $86.20 million for the quarter, compared to analysts’ expectations of $92.03 million. During the same period last year, the business earned $0.43 EPS. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. As a group, equities analysts anticipate that Cohu will post 1.26 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 2nd. Shareholders of record on Friday, November 16th were issued a $0.06 dividend. The ex-dividend date of this dividend was Thursday, November 15th. This represents a $0.24 dividend on an annualized basis and a yield of 1.37%. Cohu’s payout ratio is 17.91%.

Cohu Company Profile

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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