Zacks Investment Research cut shares of Cohu (NASDAQ:COHU) from a hold rating to a sell rating in a report published on Monday morning, Zacks.com reports.

According to Zacks, “Cohu is a leading 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. “

A number of other research analysts have also recently commented on the stock. Stifel Nicolaus cut shares of Essentra to a hold rating in a research report on Tuesday, May 7th. ValuEngine cut shares of Zosano Pharma from a buy rating to a hold rating in a research report on Wednesday, May 1st. Finally, BidaskClub cut shares of Vertex Pharmaceuticals from a buy rating to a hold rating in a research report on Tuesday, July 9th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $24.67.

Shares of NASDAQ COHU opened at $14.39 on Monday. Cohu has a one year low of $13.86 and a one year high of $27.83. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.22 and a quick ratio of 2.27. The company’s 50 day simple moving average is $15.41. The company has a market capitalization of $586.13 million, a PE ratio of 11.60, a P/E/G ratio of 6.60 and a beta of 1.27.

Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Monday, May 6th. The semiconductor company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). Cohu had a negative net margin of 12.48% and a positive return on equity of 6.17%. The business had revenue of $147.81 million for the quarter, compared to the consensus estimate of $145.00 million. During the same quarter in the previous year, the business earned $0.36 earnings per share. The firm’s revenue was up 55.3% on a year-over-year basis. Sell-side analysts forecast that Cohu will post 0.22 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, June 14th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.67%. The ex-dividend date is Thursday, June 13th. Cohu’s dividend payout ratio is 19.35%.

In other news, VP Jeffrey D. Jones bought 4,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were purchased at an average price of $14.35 per share, for a total transaction of $57,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William Bendush sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $16.52, for a total transaction of $49,560.00. The disclosure for this sale can be found here. 3.52% of the stock is currently owned by company insiders.

Several institutional investors have recently modified their holdings of COHU. Prudential Financial Inc. lifted its holdings in Cohu by 43.2% in the fourth quarter. Prudential Financial Inc. now owns 69,166 shares of the semiconductor company’s stock valued at $1,111,000 after buying an additional 20,866 shares during the period. California Public Employees Retirement System increased its stake in Cohu by 208.9% in the fourth quarter. California Public Employees Retirement System now owns 43,287 shares of the semiconductor company’s stock valued at $696,000 after purchasing an additional 29,274 shares in the last quarter. BlackRock Inc. increased its stake in Cohu by 41.3% in the fourth quarter. BlackRock Inc. now owns 5,929,905 shares of the semiconductor company’s stock valued at $95,294,000 after purchasing an additional 1,732,556 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Cohu by 30.6% in the fourth quarter. Bank of New York Mellon Corp now owns 567,707 shares of the semiconductor company’s stock valued at $9,123,000 after purchasing an additional 133,122 shares in the last quarter. Finally, Texas Permanent School Fund increased its stake in Cohu by 46.5% in the fourth quarter. Texas Permanent School Fund now owns 26,634 shares of the semiconductor company’s stock valued at $428,000 after purchasing an additional 8,457 shares in the last quarter. Hedge funds and other institutional investors own 91.43% of the company’s stock.

Cohu Company Profile

Cohu, Inc, through its subsidiaries, provides semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, thermal sub-systems, semiconductor automated test equipment (ATE), and bare board printed circuit board (PCB) test systems for semiconductor and electronics manufacturers, and test subcontractors worldwide.

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