Shares of Cohu, Inc. (NASDAQ:COHU) have been given a consensus rating of “Buy” by the seven ratings firms that are covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $25.40.

COHU has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Cohu from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective for the company in a report on Tuesday, November 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $24.00 target price on shares of Cohu in a research report on Friday, October 27th. ValuEngine downgraded shares of Cohu from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. B. Riley lifted their target price on shares of Cohu from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Finally, BidaskClub raised shares of Cohu from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th.

Cohu (NASDAQ COHU) opened at $22.02 on Friday. Cohu has a 1-year low of $12.64 and a 1-year high of $26.17. The stock has a market cap of $620.07, a P/E ratio of 16.86 and a beta of 0.84. The company has a current ratio of 3.62, a quick ratio of 2.89 and a debt-to-equity ratio of 0.02.

Cohu (NASDAQ:COHU) last released its earnings results on Thursday, November 2nd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.04. Cohu had a net margin of 8.26% and a return on equity of 14.67%. The firm had revenue of $93.70 million during the quarter, compared to analyst estimates of $91.43 million. During the same period last year, the business earned $0.14 earnings per share. The business’s revenue was up 35.2% on a year-over-year basis. sell-side analysts predict that Cohu will post 1.37 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, November 17th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Thursday, November 16th. Cohu’s payout ratio is 24.49%.

In related news, VP Hock Woo Chiang sold 10,000 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were sold at an average price of $24.78, for a total value of $247,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, VP Jeffrey D. Jones sold 25,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $24.75, for a total transaction of $618,750.00. Following the completion of the transaction, the vice president now directly owns 198,081 shares of the company’s stock, valued at approximately $4,902,504.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 156,750 shares of company stock valued at $3,813,830. Insiders own 6.46% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Dimensional Fund Advisors LP lifted its stake in Cohu by 0.9% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,319,005 shares of the semiconductor company’s stock worth $55,285,000 after purchasing an additional 19,959 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Cohu by 3.7% during the 2nd quarter. Vanguard Group Inc. now owns 1,459,575 shares of the semiconductor company’s stock valued at $22,974,000 after buying an additional 52,215 shares in the last quarter. Royce & Associates LP raised its position in shares of Cohu by 62.6% during the 3rd quarter. Royce & Associates LP now owns 1,042,514 shares of the semiconductor company’s stock valued at $24,854,000 after buying an additional 401,281 shares in the last quarter. Systematic Financial Management LP raised its position in shares of Cohu by 20.6% during the 2nd quarter. Systematic Financial Management LP now owns 843,310 shares of the semiconductor company’s stock valued at $13,274,000 after buying an additional 143,783 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Cohu by 18.0% during the 3rd quarter. Ameriprise Financial Inc. now owns 807,067 shares of the semiconductor company’s stock valued at $19,240,000 after buying an additional 122,918 shares in the last quarter. Institutional investors and hedge funds own 83.22% of the company’s stock.

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About Cohu

Cohu, Inc 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. It develops, manufactures, sells and services a line of equipment capable of handling a range of integrated circuits and light-emitting diodes.

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