Cohu, Inc. (NASDAQ:COHU) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a report issued on Tuesday.

According to Zacks, “COHU, INC. designs and manufactures electromechanical systems (handlers) that physically put semiconductors in place for testing and interface directly with electronic test equipment (tester) which performs the electrical test of the semiconductor devices. Other products include television cameras, microwave radios and metal detectors for industrial and hobbyist use. “

COHU has been the topic of a number of other research reports. B. Riley reissued a “buy” rating and issued a $25.00 target price on shares of Cohu in a report on Friday, April 28th. Stifel Nicolaus reissued a “hold” rating and issued a $19.00 target price (up previously from $17.00) on shares of Cohu in a report on Monday. BidaskClub raised Cohu from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, ValuEngine raised Cohu from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $21.33.

Shares of Cohu (COHU) traded up 0.10% during midday trading on Tuesday, hitting $19.47. 367,724 shares of the stock were exchanged. The firm has a 50 day moving average of $17.97 and a 200-day moving average of $16.46. The company has a market cap of $532.12 million, a price-to-earnings ratio of 47.60 and a beta of 0.86. Cohu has a one year low of $10.01 and a one year high of $21.64.

Cohu (NASDAQ:COHU) last released its earnings results on Thursday, April 27th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.12. The business had revenue of $81.10 million for the quarter, compared to analyst estimates of $78.30 million. Cohu had a return on equity of 8.63% and a net margin of 3.94%. The company’s revenue for the quarter was up 23.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 earnings per share. Equities analysts expect that Cohu will post $1.46 EPS for the current year.

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In related news, VP Hock Woo Chiang sold 12,000 shares of the company’s stock in a transaction on Wednesday, May 10th. The stock was sold at an average price of $19.05, for a total transaction of $228,600.00. Following the transaction, the vice president now owns 92,173 shares of the company’s stock, valued at $1,755,895.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Luis A. Muller sold 120,721 shares of the company’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $19.34, for a total value of $2,334,744.14. Following the transaction, the chief executive officer now directly owns 364,686 shares in the company, valued at approximately $7,053,027.24. The disclosure for this sale can be found here. Insiders have sold 240,110 shares of company stock worth $4,637,918 in the last ninety days. 5.97% of the stock is currently owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in COHU. Louisiana State Employees Retirement System raised its position in shares of Cohu by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the semiconductor company’s stock worth $188,000 after buying an additional 200 shares in the last quarter. Arizona State Retirement System raised its position in shares of Cohu by 1.6% in the first quarter. Arizona State Retirement System now owns 13,026 shares of the semiconductor company’s stock worth $240,000 after buying an additional 200 shares in the last quarter. Mason Street Advisors LLC raised its position in shares of Cohu by 7.6% in the first quarter. Mason Street Advisors LLC now owns 5,839 shares of the semiconductor company’s stock worth $108,000 after buying an additional 411 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Cohu by 6.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,400 shares of the semiconductor company’s stock worth $186,000 after buying an additional 770 shares in the last quarter. Finally, Thrivent Financial For Lutherans raised its position in shares of Cohu by 6.7% in the first quarter. Thrivent Financial For Lutherans now owns 14,300 shares of the semiconductor company’s stock worth $264,000 after buying an additional 900 shares in the last quarter. 83.34% of the stock is currently owned by hedge funds and other institutional investors.

Cohu Company Profile

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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