Poway-based Cohu Inc. reported net income of $269,000 — a penny a share — on net sales of $69.3 million during its third quarter, which ended Sept. 24.
Cohu (Nasdaq: COHU) makes equipment for semiconductor manufacturers, including test and inspection handlers. It reported financial results on Oct. 27.
During the same quarter one year ago, Cohu reported net income of $1.1 million or 5 cents per share on net sales of $67.5 million.
Separately, investment firm Black Rock Inc. notified securities regulators on Sept. 9 that it had acquired 10.1 percent of Cohu shares. As of Aug. 31, Black Rock owned 2.69 million shares.
Cohu’s board OK’d a 6 cent per share dividend, payable Jan. 2 to shareholders of record on Nov. 18.
Shares of Cohu closed Oct. 27 at $10.87. The business reported earnings after the close.