Cohu, Inc. (NASDAQ:COHU) has been assigned a consensus rating of “Buy” from the eight brokerages that are covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $25.40.

COHU has been the topic of several recent research reports. Stifel Nicolaus restated a “hold” rating and issued a $19.00 price objective (up previously from $17.00) on shares of Cohu in a research report on Monday, July 17th. Zacks Investment Research lowered Cohu from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 18th. BidaskClub upgraded Cohu from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. B. Riley restated a “buy” rating and issued a $25.00 price objective on shares of Cohu in a research report on Thursday, July 20th. Finally, Dougherty & Co upped their price objective on Cohu from $23.50 to $24.00 and gave the stock a “buy” rating in a research report on Friday, July 28th.

Shares of Cohu (NASDAQ COHU) opened at $24.86 on Tuesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.62 and a quick ratio of 2.89. Cohu has a 52-week low of $11.26 and a 52-week high of $26.17. The company has a market capitalization of $702.67, a P/E ratio of 19.11 and a beta of 0.89.

Cohu (NASDAQ:COHU) last released its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.04. Cohu had a return on equity of 14.67% and a net margin of 8.26%. The business had revenue of $93.70 million for the quarter, compared to analyst estimates of $91.43 million. During the same quarter in the prior year, the firm posted $0.14 EPS. The business’s quarterly revenue was up 35.2% compared to the same quarter last year. sell-side analysts forecast that Cohu will post 1.38 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, November 17th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.97%. The ex-dividend date is Thursday, November 16th. Cohu’s payout ratio is 24.49%.

In other news, Director James A. Donahue sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $18.72, for a total transaction of $1,404,000.00. Following the completion of the transaction, the director now directly owns 444,049 shares of the company’s stock, valued at approximately $8,312,597.28. The sale was disclosed in a filing with the SEC, which is available at this link. Also, VP Hock Woo Chiang sold 10,844 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $18.77, for a total value of $203,541.88. Following the transaction, the vice president now directly owns 90,332 shares of the company’s stock, valued at $1,695,531.64. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 222,594 shares of company stock valued at $4,924,972. Corporate insiders own 6.46% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. SG Americas Securities LLC acquired a new position in shares of Cohu during the 3rd quarter worth approximately $102,000. BNP Paribas Arbitrage SA raised its stake in Cohu by 67.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,085 shares of the semiconductor company’s stock valued at $127,000 after purchasing an additional 3,264 shares during the last quarter. Bank of Montreal Can acquired a new position in Cohu in the 2nd quarter valued at $130,000. Palouse Capital Management Inc. acquired a new position in Cohu in the 3rd quarter valued at $202,000. Finally, Crossmark Global Holdings Inc. acquired a new position in Cohu in the 3rd quarter valued at $209,000. 81.74% of the stock is owned by institutional investors and hedge funds.

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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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