Shares of Cohu Inc. (NASDAQ:COHU) shot up 7.1% during trading on Friday . The company traded as high as $11.20 and last traded at $11.18, with a volume of 90,327 shares traded. The stock had previously closed at $10.44.

A number of brokerages have recently commented on COHU. B. Riley reissued a “buy” rating and issued a $15.00 price target on shares of Cohu in a research report on Wednesday, May 4th. Zacks Investment Research raised Cohu from a “hold” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Wednesday, May 4th. Finally, TheStreet cut Cohu from a “buy” rating to a “hold” rating in a research report on Thursday, May 12th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $14.33.

The company has a market cap of $302.31 million and a PE ratio of 277.32. The company has a 50 day moving average price of $11.52 and a 200 day moving average price of $11.60.

Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Thursday, April 28th. The company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.05 by $0.01. During the same period in the previous year, the business posted $0.03 EPS. The business earned $65.80 million during the quarter, compared to the consensus estimate of $64.10 million. The firm’s revenue was up 3.8% on a year-over-year basis. Equities analysts predict that Cohu Inc. will post $0.73 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Friday, June 17th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date of this dividend is Wednesday, June 15th.

Several hedge funds and institutional investors have made changes to their positions in the stock. Dimensional Fund Advisors LP increased its position in shares of Cohu by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,215,760 shares of the company’s stock worth $26,745,000 after buying an additional 9,257 shares during the last quarter. Royce & Associates LLC increased its stake in shares of Cohu by 1.5% in the fourth quarter. Royce & Associates LLC now owns 953,813 shares of the company’s stock valued at $11,513,000 after buying an additional 14,190 shares during the last quarter. Principal Financial Group Inc. increased its stake in shares of Cohu by 5.2% in the fourth quarter. Principal Financial Group Inc. now owns 165,432 shares of the company’s stock valued at $1,997,000 after buying an additional 8,169 shares during the last quarter. GSA Capital Partners LLP increased its stake in shares of Cohu by 3.8% in the fourth quarter. GSA Capital Partners LLP now owns 97,778 shares of the company’s stock valued at $1,180,000 after buying an additional 3,609 shares during the last quarter. Finally, Cooke & Bieler LP increased its stake in shares of Cohu by 41.1% in the fourth quarter. Cooke & Bieler LP now owns 990,273 shares of the company’s stock valued at $11,953,000 after buying an additional 288,414 shares during the last quarter.

Cohu, Inc (Cohu) is a supplier of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors and thermal sub-systems for the global semiconductor industry. The Company’s semiconductor equipment segment, which consists of Cohu’s Semiconductor Equipment Group (SEG), encompasses Cohu’s wholly owned subsidiaries, Delta Design, Inc (Delta), which Rasco GmbH (Rasco) and Ismeca Semiconductor Holding SA (Ismeca).

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.