Natixis Buys Shares of 51,520 Cohu, Inc. (NASDAQ:COHU)

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Natixis bought a new position in shares of Cohu, Inc. (NASDAQ:COHU) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 51,520 shares of the semiconductor company’s stock, valued at approximately $1,263,000. Natixis owned approximately 0.18% of Cohu as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Segall Bryant & Hamill LLC acquired a new position in Cohu during the 2nd quarter worth approximately $15,004,000. Hood River Capital Management LLC acquired a new position in Cohu during the 2nd quarter worth approximately $8,790,000. BlackRock Inc. increased its position in Cohu by 7.9% during the 1st quarter. BlackRock Inc. now owns 3,993,647 shares of the semiconductor company’s stock worth $91,096,000 after purchasing an additional 293,537 shares during the period. Denver Investment Advisors LLC acquired a new position in Cohu during the 1st quarter worth approximately $5,564,000. Finally, Boston Advisors LLC increased its position in Cohu by 458.2% during the 2nd quarter. Boston Advisors LLC now owns 235,265 shares of the semiconductor company’s stock worth $5,766,000 after purchasing an additional 193,115 shares during the period. Institutional investors and hedge funds own 97.49% of the company’s stock.

Shares of COHU stock traded up $0.21 on Friday, reaching $21.03. 240,445 shares of the stock were exchanged, compared to its average volume of 287,359. The company has a market cap of $725.12 million, a price-to-earnings ratio of 15.69, a PEG ratio of 1.59 and a beta of 0.98. The company has a quick ratio of 2.93, a current ratio of 3.66 and a debt-to-equity ratio of 0.01. Cohu, Inc. has a 1-year low of $18.60 and a 1-year high of $27.83.

Cohu (NASDAQ:COHU) last released its quarterly earnings data on Thursday, August 2nd. The semiconductor company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.17. Cohu had a return on equity of 15.21% and a net margin of 9.50%. The business had revenue of $99.80 million during the quarter, compared to the consensus estimate of $99.57 million. During the same period in the prior year, the firm posted $0.48 EPS. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. As a group, analysts expect that Cohu, Inc. will post 1.58 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 19th. Investors of record on Friday, August 24th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, August 23rd. This represents a $0.24 annualized dividend and a yield of 1.14%. Cohu’s dividend payout ratio is currently 17.91%.

COHU has been the topic of several research analyst reports. BidaskClub raised Cohu from a “buy” rating to a “strong-buy” rating in a research note on Saturday, June 23rd. Zacks Investment Research lowered Cohu from a “buy” rating to a “hold” rating in a research note on Tuesday, July 10th. ValuEngine lowered Cohu from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Finally, DA Davidson started coverage on Cohu in a research note on Monday, September 24th. They set a “buy” rating and a $30.00 price target on the stock. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $28.20.

In related news, VP Hock Woo Chiang sold 15,825 shares of the stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $27.59, for a total value of $436,611.75. Following the completion of the sale, the vice president now directly owns 71,947 shares in the company, valued at approximately $1,985,017.73. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.88% of the stock is currently owned by corporate insiders.

Cohu Profile

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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Institutional Ownership by Quarter for Cohu (NASDAQ:COHU)

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