Cohu Inc. (COHU) Position Cut by Shell Asset Management Co.
Shell Asset Management Co. reduced its stake in Cohu Inc. (NASDAQ:COHU) by 5.4% during the second quarter, according to its most recent filing with the SEC. The firm owned 77,560 shares of the company’s stock after selling 4,421 shares during the period. Shell Asset Management Co.’s holdings in Cohu were worth $842,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently bought and sold shares of COHU. Arizona State Retirement System boosted its position in Cohu by 4.9% in the first quarter. Arizona State Retirement System now owns 12,726 shares of the company’s stock valued at $151,000 after buying an additional 600 shares during the period. Acadian Asset Management LLC boosted its position in shares of Cohu by 0.4% in the second quarter. Acadian Asset Management LLC now owns 259,600 shares of the company’s stock worth $2,818,000 after buying an additional 975 shares during the last quarter. Springbank Value Partners LP boosted its position in shares of Cohu by 11.8% in the first quarter. Springbank Value Partners LP now owns 9,500 shares of the company’s stock worth $113,000 after buying an additional 1,000 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Cohu by 0.7% in the first quarter. Geode Capital Management LLC now owns 176,336 shares of the company’s stock worth $2,094,000 after buying an additional 1,231 shares during the last quarter. Finally, Value Holdings LP boosted its position in shares of Cohu by 17.1% in the first quarter. Value Holdings LP now owns 27,406 shares of the company’s stock worth $326,000 after buying an additional 4,000 shares during the last quarter. Institutional investors own 86.59% of the company’s stock.
Cohu Inc. (NASDAQ:COHU) traded up 0.17% during mid-day trading on Thursday, hitting $11.63. The stock had a trading volume of 34,189 shares. Cohu Inc. has a 12 month low of $10.01 and a 12 month high of $13.43. The stock’s 50-day moving average price is $11.18 and its 200-day moving average price is $11.31. The stock has a market cap of $310.25 million, a price-to-earnings ratio of 81.33 and a beta of 0.88.
Cohu (NASDAQ:COHU) last issued its earnings results on Thursday, July 28th. The company reported $0.22 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.21 by $0.01. Cohu had a return on equity of 3.23% and a net margin of 1.38%. The business earned $76.40 million during the quarter, compared to analysts’ expectations of $73.93 million. During the same period in the prior year, the business earned $0.27 EPS. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. On average, analysts predict that Cohu Inc. will post $0.48 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 21st. Shareholders of record on Friday, August 26th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Wednesday, August 24th. Cohu’s dividend payout ratio is 171.43%.
A number of research analysts have commented on COHU shares. TheStreet upgraded shares of Cohu from a “hold” rating to a “buy” rating in a research report on Thursday, June 9th. Zacks Investment Research cut shares of Cohu from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Finally, B. Riley reiterated a “buy” rating and set a $14.00 price target on shares of Cohu in a research report on Friday, July 29th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Cohu presently has an average rating of “Hold” and an average target price of $14.00.
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. The Company develops, manufactures, sells and services a line of equipment capable of handling a range of integrated circuits and light-emitting diodes (LEDs).
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