Wells Fargo & Company MN grew its position in shares of Cohu, Inc. (NASDAQ:COHU) by 256.6% during the 3rd quarter, Holdings Channel reports. The firm owned 63,769 shares of the semiconductor company’s stock after acquiring an additional 45,887 shares during the period. Wells Fargo & Company MN’s holdings in Cohu were worth $1,520,000 at the end of the most recent reporting period.
Other institutional investors have also recently made changes to their positions in the company. Cubist Systematic Strategies LLC increased its position in shares of Cohu by 34.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 16,410 shares of the semiconductor company’s stock valued at $258,000 after purchasing an additional 4,243 shares during the last quarter. Swiss National Bank increased its position in shares of Cohu by 10.8% during the 2nd quarter. Swiss National Bank now owns 46,141 shares of the semiconductor company’s stock valued at $726,000 after purchasing an additional 4,500 shares during the last quarter. Boston Advisors LLC bought a new position in shares of Cohu during the 3rd quarter valued at about $933,000. Cavalier Investments LLC bought a new position in shares of Cohu during the 3rd quarter valued at about $527,000. Finally, Victory Capital Management Inc. increased its position in shares of Cohu by 19.8% during the 3rd quarter. Victory Capital Management Inc. now owns 84,375 shares of the semiconductor company’s stock valued at $2,011,000 after purchasing an additional 13,948 shares during the last quarter. Hedge funds and other institutional investors own 83.10% of the company’s stock.
Cohu, Inc. (NASDAQ COHU) opened at $24.76 on Friday. The company has a current ratio of 3.62, a quick ratio of 2.89 and a debt-to-equity ratio of 0.02. Cohu, Inc. has a 1 year low of $12.64 and a 1 year high of $26.17. The stock has a market capitalization of $700.41, a P/E ratio of 19.05 and a beta of 0.85.
The business also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Investors of record on Friday, November 17th were given a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $0.24 annualized dividend and a yield of 0.97%. Cohu’s payout ratio is 24.49%.
In related news, Director James A. Donahue sold 36,750 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $24.76, for a total transaction of $909,930.00. Following the transaction, the director now directly owns 443,472 shares in the company, valued at approximately $10,980,366.72. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Steven J. Bilodeau sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $24.86, for a total value of $248,600.00. Following the transaction, the director now owns 95,184 shares in the company, valued at $2,366,274.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 81,750 shares of company stock worth $2,025,080. 6.46% of the stock is owned by corporate insiders.
Several equities analysts have recently commented on COHU shares. B. Riley increased their price objective on Cohu from $28.00 to $31.00 and gave the company a “buy” rating in a research report on Friday, November 3rd. Zacks Investment Research upgraded Cohu from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective on the stock in a research report on Tuesday, November 7th. ValuEngine lowered Cohu from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Needham & Company LLC reiterated a “buy” rating and set a $24.00 price objective on shares of Cohu in a research report on Friday, October 27th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. Cohu has an average rating of “Buy” and a consensus target price of $25.40.
Cohu Company Profile
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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