Swiss National Bank Continues to Hold Position in Cohu Inc. (COHU)
Swiss National Bank maintained its stake in shares of Cohu Inc. (NASDAQ:COHU) during the second quarter, Holdings Channel reports. The fund owned 41,641 shares of the company’s stock at the end of the second quarter. Swiss National Bank owned about 0.16% of Cohu worth $452,000 at the end of the most recent quarter.
Several other hedge funds also recently modified their holdings of the company. Louisiana State Employees Retirement System boosted its position in Cohu by 1.8% in the second quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the company’s stock valued at $122,000 after buying an additional 200 shares during the period. California State Teachers Retirement System boosted its position in Cohu by 0.8% in the second quarter. California State Teachers Retirement System now owns 55,323 shares of the company’s stock valued at $600,000 after buying an additional 419 shares during the period. Acadian Asset Management LLC boosted its position in Cohu by 0.4% in the second quarter. Acadian Asset Management LLC now owns 259,600 shares of the company’s stock valued at $2,818,000 after buying an additional 975 shares during the period. Springbank Value Partners LP boosted its position in 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 period. Finally, Strs Ohio boosted its position in Cohu by 6.9% in the second quarter. Strs Ohio now owns 55,900 shares of the company’s stock valued at $606,000 after buying an additional 3,600 shares during the period. 86.57% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Cohu Inc. (NASDAQ:COHU) traded up 0.73% during midday trading on Tuesday, reaching $10.98. 6,275 shares of the company’s stock were exchanged. The stock’s 50-day moving average is $11.30 and its 200 day moving average is $11.28. Cohu Inc. has a one year low of $10.01 and a one year high of $13.43. The firm has a market cap of $292.91 million, a PE ratio of 76.78 and a beta of 0.88.
Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 net margin of 1.38% and a return on equity of 3.23%. Cohu’s revenue was up 1.6% compared to the same quarter last year. During the same period last year, the company posted $0.27 earnings per share. Analysts anticipate that Cohu Inc. will post $0.48 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, August 26th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 2.20%. The ex-dividend date is Wednesday, August 24th. Cohu’s payout ratio is 171.43%.
A number of brokerages have weighed in on COHU. Zacks Investment Research lowered shares of Cohu from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. B. Riley reiterated a “buy” rating and set a $14.00 target price on shares of Cohu in a research note on Friday, July 29th. Finally, TheStreet lowered shares of Cohu from a “buy” rating to a “hold” rating in a research note on Friday, July 29th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus 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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