Zacks Investment Research upgraded shares of Cohu, Inc. (NASDAQ:COHU) from a hold rating to a strong-buy rating in a research report sent to investors on Friday morning. The firm currently has $20.00 target price on the semiconductor company’s stock.

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 several other reports. B. Riley reiterated a buy rating and issued a $25.00 target price on shares of Cohu in a research note on Friday, April 28th. BidaskClub upgraded shares of Cohu from a sell rating to a hold rating in a research note on Wednesday, July 12th. Finally, ValuEngine upgraded shares of Cohu from a hold rating to a buy rating in a research note on Friday, June 23rd. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $21.33.

Cohu (NASDAQ COHU) traded up 8.00% during trading on Friday, reaching $19.45. The company’s stock had a trading volume of 747,449 shares. The stock’s 50-day moving average is $17.97 and its 200 day moving average is $16.46. The company has a market cap of $531.57 million, a P/E ratio of 47.56 and a beta of 0.86. Cohu has a 12 month low of $10.01 and a 12 month high of $21.64.

Cohu (NASDAQ:COHU) last posted its earnings results on Thursday, April 27th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.19 by $0.12. Cohu had a net margin of 3.94% and a return on equity of 8.63%. The business had revenue of $81.10 million for the quarter, compared to analysts’ expectations of $78.30 million. During the same period in the prior year, the company posted $0.06 EPS. The business’s revenue for the quarter was up 23.3% compared to the same quarter last year. On average, equities analysts forecast that Cohu will post $1.46 EPS for the current fiscal year.

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The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Friday, June 16th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.23%. The ex-dividend date of this dividend is Wednesday, June 14th. Cohu’s dividend payout ratio (DPR) is currently 55.82%.

In other news, VP Fellenberg Ian Von sold 2,639 shares of the firm’s stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $18.21, for a total transaction of $48,056.19. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Luis A. Muller sold 120,721 shares of the firm’s stock in a transaction on Friday, May 5th. The shares were sold at an average price of $19.34, for a total transaction of $2,334,744.14. Following the sale, the chief executive officer now owns 364,686 shares in the company, valued at approximately $7,053,027.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 240,110 shares of company stock worth $4,637,918. Corporate insiders own 5.97% of the company’s stock.

Several hedge funds have recently bought and sold shares of COHU. Algert Global LLC bought a new stake in Cohu during the first quarter valued at $1,703,000. Chicago Equity Partners LLC bought a new stake in Cohu during the first quarter valued at $274,000. Value Holdings Management CO. LLC boosted its stake in Cohu by 139.8% in the first quarter. Value Holdings Management CO. LLC now owns 120,618 shares of the semiconductor company’s stock valued at $3,856,000 after buying an additional 70,320 shares during the period. Great West Life Assurance Co. Can boosted its stake in Cohu by 8.0% in the first quarter. Great West Life Assurance Co. Can now owns 37,796 shares of the semiconductor company’s stock valued at $697,000 after buying an additional 2,812 shares during the period. Finally, Wells Fargo & Company MN boosted its stake in Cohu by 102.4% in the first quarter. Wells Fargo & Company MN now owns 64,062 shares of the semiconductor company’s stock valued at $1,182,000 after buying an additional 32,408 shares during the period. Hedge funds and other institutional investors own 83.34% of the company’s stock.

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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