BidaskClub upgraded shares of Cohu (NASDAQ:COHU) from a hold rating to a buy rating in a research report report published on Wednesday.

COHU has been the subject of several other research reports. B. Riley lowered their price objective on Cohu from $31.00 to $30.00 and set a buy rating for the company in a research report on Friday, February 16th. ValuEngine upgraded Cohu from a hold rating to a buy rating in a research report on Friday, February 2nd. Dougherty & Co reiterated a buy rating on shares of Cohu in a research report on Wednesday, February 21st. Finally, Zacks Investment Research downgraded Cohu from a hold rating to a sell rating in a research report on Friday, February 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of $25.20.

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Shares of COHU stock opened at $24.71 on Wednesday. The firm has a market capitalization of $649.56, a P/E ratio of 21.87, a P/E/G ratio of 1.91 and a beta of 1.00. Cohu has a 12-month low of $15.55 and a 12-month high of $26.17. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.49 and a quick ratio of 2.76.

Cohu (NASDAQ:COHU) last released its earnings results on Thursday, February 15th. The semiconductor company reported $0.28 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.03). Cohu had a return on equity of 14.63% and a net margin of 9.31%. The firm had revenue of $84.09 million during the quarter, compared to the consensus estimate of $84.20 million. During the same quarter in the previous year, the firm earned $0.24 EPS. The business’s quarterly revenue was up 19.0% compared to the same quarter last year. analysts expect that Cohu will post 1.49 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Tuesday, February 27th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, February 26th. This represents a $0.24 annualized dividend and a dividend yield of 0.97%. Cohu’s dividend payout ratio (DPR) is presently 21.24%.

In other news, Director Robert L. Ciardella sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $19.53, for a total transaction of $97,650.00. Following the transaction, the director now directly owns 80,887 shares of the company’s stock, valued at $1,579,723.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 6.46% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC purchased a new position in shares of Cohu during the third quarter valued at approximately $102,000. Cornerstone Capital Management Holdings LLC. purchased a new stake in Cohu in the third quarter worth $106,000. Crossmark Global Holdings Inc. purchased a new stake in Cohu in the third quarter worth $209,000. LS Investment Advisors LLC grew its stake in Cohu by 1,003.4% in the fourth quarter. LS Investment Advisors LLC now owns 9,302 shares of the semiconductor company’s stock worth $204,000 after purchasing an additional 8,459 shares during the period. Finally, Teacher Retirement System of Texas purchased a new stake in Cohu in the fourth quarter worth $215,000. 86.09% of the stock is currently owned by hedge funds and other institutional investors.

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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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