Numeric Investors LLC acquired a new position in Cohu, Inc. (NASDAQ:COHU) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 122,400 shares of the semiconductor company’s stock, valued at approximately $1,927,000. Numeric Investors LLC owned 0.44% of Cohu as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the business. Hillsdale Investment Management Inc. raised its position in Cohu by 0.7% in the second quarter. Hillsdale Investment Management Inc. now owns 59,890 shares of the semiconductor company’s stock worth $943,000 after acquiring an additional 390 shares in the last quarter. Zacks Investment Management raised its holdings in Cohu by 32.9% during the 2nd quarter. Zacks Investment Management now owns 81,191 shares of the semiconductor company’s stock worth $1,278,000 after buying an additional 20,109 shares during the period. Voya Investment Management LLC raised its holdings in Cohu by 163.2% during the 2nd quarter. Voya Investment Management LLC now owns 41,645 shares of the semiconductor company’s stock worth $655,000 after buying an additional 25,825 shares during the period. OxFORD Asset Management LLP raised its holdings in Cohu by 24.8% during the 2nd quarter. OxFORD Asset Management LLP now owns 197,188 shares of the semiconductor company’s stock worth $3,104,000 after buying an additional 39,146 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Cohu by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,299,046 shares of the semiconductor company’s stock worth $36,187,000 after buying an additional 34,480 shares during the period. Hedge funds and other institutional investors own 83.89% of the company’s stock.
Cohu, Inc. (NASDAQ COHU) opened at 24.70 on Tuesday. Cohu, Inc. has a one year low of $10.72 and a one year high of $24.99. The firm has a market capitalization of $690.59 million, a price-to-earnings ratio of 35.69 and a beta of 0.91. The stock’s 50 day moving average price is $21.58 and its 200-day moving average price is $19.00.
Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.03. Cohu had a return on equity of 11.59% and a net margin of 6.21%. The company had revenue of $93.90 million for the quarter, compared to the consensus estimate of $92.91 million. During the same quarter last year, the business posted $0.23 earnings per share. The firm’s revenue was up 22.9% compared to the same quarter last year. On average, equities research analysts expect that Cohu, Inc. will post $1.54 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, August 25th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.24 dividend on an annualized basis and a yield of 0.97%. Cohu’s payout ratio is 34.78%.
In other news, VP Hock Woo Chiang sold 10,844 shares of Cohu stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $18.77, for a total value of $203,541.88. Following the transaction, the vice president now owns 90,332 shares in the company, valued at $1,695,531.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James A. Donahue sold 75,000 shares of the firm’s stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $17.87, for a total value of $1,340,250.00. Following the completion of the sale, the director now directly owns 444,049 shares in the company, valued at $7,935,155.63. The disclosure for this sale can be found here. Insiders have sold 235,844 shares of company stock worth $4,736,542 in the last 90 days. Company insiders own 6.46% of the company’s stock.
Several equities analysts have weighed in on COHU shares. ValuEngine cut Cohu from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research cut Cohu from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Needham & Company LLC raised Cohu from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Monday, September 18th. BidaskClub raised Cohu from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, B. Riley reissued a “buy” rating and issued a $25.00 price target on shares of Cohu in a research note on Thursday, July 20th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $23.00.
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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