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

A number of other research analysts have also weighed in on the stock. ValuEngine raised shares of Cohu from a hold rating to a buy rating in a research note on Friday, June 1st. Zacks Investment Research lowered shares of Cohu from a buy rating to a hold rating in a research note on Tuesday, July 10th. Finally, Stifel Nicolaus lowered shares of Cohu from a buy rating to a hold rating in a research note on Monday, May 28th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $27.00.

Shares of NASDAQ COHU opened at $22.71 on Tuesday. The firm has a market cap of $641.34 million, a P/E ratio of 16.95 and a beta of 1.00. Cohu has a 12-month low of $18.60 and a 12-month high of $27.83. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.93 and a current ratio of 3.66.

Cohu (NASDAQ:COHU) last issued its earnings results on Thursday, August 2nd. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.17. The business had revenue of $99.80 million for the quarter, compared to analyst estimates of $99.57 million. Cohu had a net margin of 9.50% and a return on equity of 15.21%. Cohu’s revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 earnings per share. equities research analysts predict that Cohu will post 1.57 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 19th. Shareholders of record on Friday, August 24th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Thursday, August 23rd. Cohu’s dividend payout ratio (DPR) is 17.91%.

In other Cohu news, VP Hock Woo Chiang sold 15,825 shares of the firm’s stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $27.59, for a total value of $436,611.75. Following the transaction, the vice president now directly owns 71,947 shares of the company’s stock, valued at $1,985,017.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 3.88% of the stock is currently owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Cowen Inc. bought a new position in shares of Cohu during the second quarter valued at about $1,020,000. B. Riley Financial Inc. bought a new position in shares of Cohu during the second quarter valued at about $577,000. California Public Employees Retirement System bought a new position in shares of Cohu during the second quarter valued at about $208,000. Voce Capital Management LLC bought a new position in shares of Cohu during the second quarter valued at about $1,519,000. Finally, Macquarie Group Ltd. lifted its position in shares of Cohu by 182.5% during the second quarter. Macquarie Group Ltd. now owns 21,051 shares of the semiconductor company’s stock valued at $516,000 after purchasing an additional 13,600 shares in the last quarter. 98.34% of the stock is currently owned by hedge funds and other institutional investors.

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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