Algert Global LLC decreased its position in shares of Cohu, Inc. (NASDAQ:COHU) by 28.1% during the second quarter, Holdings Channel reports. The firm owned 66,302 shares of the semiconductor company’s stock after selling 25,952 shares during the period. Algert Global LLC’s holdings in Cohu were worth $1,044,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of COHU. Mason Street Advisors LLC increased its stake 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. Bank of Montreal Can purchased a new stake in Cohu during the second quarter worth about $130,000. Louisiana State Employees Retirement System increased its stake in Cohu by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the semiconductor company’s stock worth $164,000 after buying an additional 200 shares during the period. Aperio Group LLC purchased a new stake in Cohu during the second quarter worth about $179,000. Finally, Thrivent Financial for Lutherans increased its stake 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. 81.22% of the stock is owned by hedge funds and other institutional investors.
Shares of Cohu, Inc. (NASDAQ COHU) opened at 17.77 on Thursday. The stock has a market cap of $496.83 million, a P/E ratio of 25.68 and a beta of 0.88. Cohu, Inc. has a 12 month low of $10.30 and a 12 month high of $21.64. The stock has a 50 day moving average price of $17.64 and a 200 day moving average price of $17.30.
Cohu (NASDAQ:COHU) last posted its earnings results on Thursday, July 27th. The semiconductor company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.03. The firm had revenue of $93.90 million for the quarter, compared to the consensus estimate of $92.91 million. Cohu had a net margin of 6.21% and a return on equity of 11.59%. The business’s quarterly revenue was up 22.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.23 earnings per share. Equities analysts anticipate that Cohu, Inc. will post $1.54 EPS for the current fiscal year.
The firm also recently announced 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. This represents a $0.24 annualized dividend and a yield of 1.35%. The ex-dividend date is Wednesday, August 23rd. Cohu’s payout ratio is 34.78%.
A number of research firms have issued reports on COHU. B. Riley reissued a “buy” rating and set a $25.00 price target on shares of Cohu in a research report on Friday, April 28th. Stifel Nicolaus reissued a “hold” rating and set a $19.00 price target (up previously from $17.00) on shares of Cohu in a research report on Monday, July 17th. Zacks Investment Research downgraded Cohu from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 18th. BidaskClub raised Cohu from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, ValuEngine raised Cohu from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $22.75.
In other Cohu news, VP Fellenberg Ian Von sold 2,639 shares of the stock in a transaction on Tuesday, May 30th. The shares were sold at an average price of $18.21, for a total transaction of $48,056.19. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James A. Donahue sold 75,000 shares of the stock in a transaction on Wednesday, August 2nd. The stock was sold at an average price of $17.87, for a total transaction of $1,340,250.00. Following the transaction, 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 102,639 shares of company stock worth $1,841,056 over the last three months. Company insiders own 5.97% of the company’s stock.
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.
Want to see what other hedge funds are holding COHU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cohu, Inc. (NASDAQ:COHU).
Receive News & Ratings for Cohu Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cohu Inc. and related companies with MarketBeat.com's FREE daily email newsletter.