Shares of Cohu, Inc. (NASDAQ:COHU) hit a new 52-week high during trading on Tuesday after DA Davidson raised their price target on the stock from $3.00 to $30.00. DA Davidson currently has a buy rating on the stock. Cohu traded as high as $24.23 and last traded at $23.98, with a volume of 1285 shares traded. The stock had previously closed at $24.06.

Several other research firms also recently weighed in on COHU. ValuEngine downgraded shares of Cohu from a “buy” rating to a “hold” rating in a research note on Saturday, December 21st. Deutsche Bank began coverage on shares of Cohu in a research note on Sunday. They issued a “buy” rating and a $27.00 target price for the company. Zacks Investment Research upgraded shares of Cohu from a “hold” rating to a “buy” rating and set a $26.00 target price for the company in a research note on Wednesday, January 8th. Finally, BidaskClub upgraded shares of Cohu from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, December 18th. One analyst has rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $24.83.

In related news, VP Pascal Ronde sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $19.45, for a total transaction of $194,500.00. Following the completion of the transaction, the vice president now owns 152,705 shares of the company’s stock, valued at $2,970,112.25. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Steven J. Bilodeau sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $20.00, for a total transaction of $100,000.00. Following the transaction, the director now directly owns 97,600 shares of the company’s stock, valued at approximately $1,952,000. The disclosure for this sale can be found here. 3.52% of the stock is currently owned by insiders.

A number of large investors have recently modified their holdings of COHU. Bank of Montreal Can grew its stake in Cohu by 985.1% during the second quarter. Bank of Montreal Can now owns 4,080 shares of the semiconductor company’s stock valued at $62,000 after acquiring an additional 3,704 shares in the last quarter. Tower Research Capital LLC TRC grew its stake in Cohu by 566.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,318 shares of the semiconductor company’s stock worth $85,000 after buying an additional 5,370 shares in the last quarter. Meadow Creek Investment Management LLC grew its stake in Cohu by 18.8% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 7,502 shares of the semiconductor company’s stock worth $116,000 after buying an additional 1,188 shares in the last quarter. Russell Investments Group Ltd. purchased a new position in Cohu in the 3rd quarter worth approximately $138,000. Finally, Glen Harbor Capital Management LLC grew its stake in Cohu by 18.8% in the 2nd quarter. Glen Harbor Capital Management LLC now owns 9,548 shares of the semiconductor company’s stock worth $147,000 after buying an additional 1,512 shares in the last quarter. 91.37% of the stock is owned by institutional investors.

The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.14 and a current ratio of 3.10. The firm has a market cap of $959.65 million, a PE ratio of 19.39 and a beta of 1.47. The stock’s 50 day simple moving average is $20.91 and its 200 day simple moving average is $16.39.

Cohu (NASDAQ:COHU) last released its quarterly earnings results on Sunday, November 3rd. The semiconductor company reported $0.12 EPS for the quarter, topping the Zacks’ consensus estimate of ($0.06) by $0.18. Cohu had a negative net margin of 17.84% and a positive return on equity of 0.35%. The business had revenue of $143.50 million during the quarter, compared to analysts’ expectations of $142.99 million. During the same quarter in the previous year, the company earned $0.30 EPS. The business’s quarterly revenue was up 66.5% compared to the same quarter last year. As a group, analysts anticipate that Cohu, Inc. will post -0.13 earnings per share for the current year.

The business also recently declared a dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, November 15th were paid a $0.06 dividend. The ex-dividend date was Thursday, November 14th. Cohu’s dividend payout ratio is presently 19.35%.

About Cohu (NASDAQ:COHU)

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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