Victory Capital Management Inc. Has $1.30 Million Stake in Cohu, Inc. (COHU)

Victory Capital Management Inc. decreased its position in Cohu, Inc. (NASDAQ:COHU) by 16.3% during the first quarter, Holdings Channel reports. The firm owned 70,457 shares of the semiconductor company’s stock after selling 13,689 shares during the period. Victory Capital Management Inc.’s holdings in Cohu were worth $1,301,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Louisiana State Employees Retirement System raised its position in Cohu by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the semiconductor company’s stock worth $188,000 after buying an additional 200 shares during the period. Mason Street Advisors LLC raised its position in Cohu by 7.6% in the first quarter. Mason Street Advisors LLC now owns 5,839 shares of the semiconductor company’s stock worth $108,000 after buying an additional 411 shares during the period. Thrivent Financial for Lutherans raised its position in Cohu by 6.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,400 shares of the semiconductor company’s stock worth $186,000 after buying an additional 770 shares during the period. Great West Life Assurance Co. Can raised its position in Cohu by 8.0% in the first quarter. Great West Life Assurance Co. Can now owns 37,796 shares of the semiconductor company’s stock worth $697,000 after buying an additional 2,812 shares during the period. Finally, State of Tennessee Treasury Department raised its position in Cohu by 17.8% in the first quarter. State of Tennessee Treasury Department now owns 24,124 shares of the semiconductor company’s stock worth $445,000 after buying an additional 3,641 shares during the period. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Institutional Ownership by Quarter for Cohu (NASDAQ:COHU)

Cohu, Inc. (COHU) opened at 17.33 on Tuesday. The stock has a 50 day moving average price of $18.62 and a 200 day moving average price of $16.29. Cohu, Inc. has a 52 week low of $10.01 and a 52 week high of $21.64. The company has a market cap of $473.63 million, a price-to-earnings ratio of 42.37 and a beta of 0.87.

Cohu (NASDAQ:COHU) last released its quarterly earnings results on Thursday, April 27th. The semiconductor company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.12. The firm had revenue of $81.10 million for the quarter, compared to analysts’ expectations of $78.30 million. Cohu had a net margin of 3.94% and a return on equity of 8.63%. The business’s quarterly revenue was up 23.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.06 earnings per share. On average, equities analysts forecast that Cohu, Inc. will post $1.45 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 28th. Stockholders of record on Friday, June 16th will be issued a $0.06 dividend. The ex-dividend date is Wednesday, June 14th. This represents a $0.24 annualized dividend and a dividend yield of 1.38%. Cohu’s payout ratio is currently 55.82%.

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A number of research firms have commented on COHU. B. Riley restated a “buy” rating and set a $25.00 price objective on shares of Cohu in a research note on Wednesday, May 3rd. Zacks Investment Research upgraded Cohu from a “hold” rating to a “strong-buy” rating and set a $19.00 price objective on the stock in a research note on Thursday, February 23rd.

In related news, VP Fellenberg Ian Von sold 2,639 shares of the stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $18.21, for a total value of $48,056.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Hock Woo Chiang sold 6,000 shares of the stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $18.88, for a total value of $113,280.00. Following the completion of the transaction, the vice president now directly owns 92,173 shares in the company, valued at approximately $1,740,226.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 240,110 shares of company stock worth $4,637,918. Insiders own 5.97% of the company’s stock.

About Cohu

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:COHU”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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