Industrial electronics maker Cohu Inc. recently reported net income of $719,000 on net sales of $66.6 million in the fourth quarter of 2011. The figures were down from the year-ago quarter, when Cohu reported net income of $9.4 million on net sales of $96.9 million.

For the year, Cohu reported net income of $15.7 million on net sales of $308.9 million. In 2010, Cohu reported net income of $24.6 million on net sales of $322.7 million.

Some 78 percent of sales come from semiconductor equipment, Cohu said.

Cohu said it expects first-quarter sales to be approximately $50 million.

Shares of Cohu trade on the Nasdaq under the symbol COHU.

— Brad Graves