TheStreet cut shares of Cohu (NASDAQ:COHU) from a b- rating to a c rating in a research note released on Wednesday morning.

Several other equities research analysts have also recently issued reports on the stock. BidaskClub cut shares of Cohu from a hold rating to a sell rating in a research report on Tuesday, December 11th. Stifel Nicolaus cut shares of Cohu from a buy rating to a hold rating and decreased their target price for the stock from $30.00 to $20.00 in a research report on Wednesday, January 23rd. ValuEngine raised shares of Cohu from a sell rating to a hold rating in a research report on Monday, February 4th. B. Riley reissued a buy rating on shares of Cohu in a research report on Tuesday, March 5th. Finally, DA Davidson reissued a buy rating on shares of Cohu in a research report on Wednesday. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus price target of $24.75.

Shares of NASDAQ COHU opened at $15.22 on Wednesday. The stock has a market cap of $619.45 million, a PE ratio of 12.27, a PEG ratio of 1.42 and a beta of 1.42. Cohu has a 12 month low of $14.08 and a 12 month high of $27.83. The company has a quick ratio of 2.87, a current ratio of 3.58 and a debt-to-equity ratio of 0.01.

Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Tuesday, March 12th. The semiconductor company reported $0.15 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.02. The business had revenue of $170.64 million during the quarter, compared to the consensus estimate of $173.50 million. Cohu had a negative net margin of 7.12% and a positive return on equity of 13.00%. On average, research analysts predict that Cohu will post 1.24 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Tuesday, February 26th will be given a $0.06 dividend. The ex-dividend date is Monday, February 25th. This represents a $0.24 annualized dividend and a dividend yield of 1.58%. Cohu’s dividend payout ratio is presently 19.35%.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Pearl River Capital LLC acquired a new stake in shares of Cohu in the fourth quarter worth approximately $26,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Cohu by 43.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,387 shares of the semiconductor company’s stock valued at $38,000 after buying an additional 722 shares in the last quarter. Flinton Capital Management LLC lifted its position in Cohu by 27.6% during the fourth quarter. Flinton Capital Management LLC now owns 4,592 shares of the semiconductor company’s stock valued at $74,000 after buying an additional 992 shares in the last quarter. Meeder Asset Management Inc. lifted its position in Cohu by 958.7% during the third quarter. Meeder Asset Management Inc. now owns 4,150 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 3,758 shares in the last quarter. Finally, Pacer Advisors Inc. lifted its position in Cohu by 296.4% during the third quarter. Pacer Advisors Inc. now owns 4,400 shares of the semiconductor company’s stock valued at $110,000 after buying an additional 3,290 shares in the last quarter. 92.50% of the stock is currently owned by institutional investors and hedge funds.

About Cohu

Cohu, Inc, through its subsidiaries, engages in the development, manufacture, sale, and servicing of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, and thermal sub-systems for semiconductor manufacturers and test subcontractors worldwide.

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