Cohu Inc. (COHU) Shares Bought by California State Teachers Retirement System
California State Teachers Retirement System raised its stake in shares of Cohu Inc. (NASDAQ:COHU) by 0.8% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 55,323 shares of the company’s stock after buying an additional 419 shares during the period. California State Teachers Retirement System owned about 0.21% of Cohu worth $600,000 as of its most recent filing with the SEC.
A number of other institutional investors have also added to or reduced their stakes in COHU. JPMorgan Chase & Co. boosted its stake in shares of Cohu by 22.6% in the first quarter. JPMorgan Chase & Co. now owns 1,770,825 shares of the company’s stock valued at $21,037,000 after buying an additional 326,300 shares during the last quarter. Royce & Associates LP boosted its stake in shares of Cohu by 1.3% in the first quarter. Royce & Associates LP now owns 966,593 shares of the company’s stock valued at $11,483,000 after buying an additional 12,780 shares during the last quarter. Value Holdings LP boosted its stake in shares of Cohu by 17.1% in the first quarter. Value Holdings LP now owns 27,406 shares of the company’s stock valued at $326,000 after buying an additional 4,000 shares during the last quarter. UBS Asset Management Americas Inc. purchased a new stake in shares of Cohu during the first quarter valued at approximately $181,000. Finally, Springbank Value Partners LP boosted its stake 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 valued at $113,000 after buying an additional 1,000 shares during the last quarter. 86.59% of the stock is currently owned by institutional investors.
Shares of Cohu Inc. (NASDAQ:COHU) traded up 0.26% during midday trading on Thursday, reaching $11.64. The company’s stock had a trading volume of 19,703 shares. The firm has a market cap of $310.52 million, a price-to-earnings ratio of 81.40 and a beta of 0.88. Cohu Inc. has a 12 month low of $10.01 and a 12 month high of $13.43. The company has a 50-day moving average price of $11.15 and a 200-day moving average price of $11.31.
Cohu (NASDAQ:COHU) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.22 EPS for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01. The company had revenue of $76.40 million for the quarter, compared to analyst estimates of $73.93 million. Cohu had a return on equity of 3.23% and a net margin of 1.38%. Cohu’s revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 earnings per share. Equities analysts expect that Cohu Inc. will post $0.48 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Stockholders of record on Friday, August 26th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 2.07%. The ex-dividend date is Wednesday, August 24th. Cohu’s dividend payout ratio is currently 171.43%.
Several brokerages recently commented on COHU. Zacks Investment Research raised Cohu from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. B. Riley reaffirmed a “buy” rating and set a $14.00 target price on shares of Cohu in a research report on Wednesday, August 3rd. Finally, TheStreet cut Cohu from a “buy” rating to a “hold” rating in a research report on Friday, July 29th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock 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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