24,324 Shares in Cohu, Inc. (COHU) Purchased by Public Employees Retirement System of Ohio
Public Employees Retirement System of Ohio purchased a new stake in Cohu, Inc. (NASDAQ:COHU) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 24,324 shares of the semiconductor company’s stock, valued at approximately $383,000. Public Employees Retirement System of Ohio owned about 0.09% of Cohu at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. BNP Paribas Arbitrage SA raised its stake in Cohu by 67.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,085 shares of the semiconductor company’s stock worth $127,000 after buying an additional 3,264 shares during the period. Bank of Montreal Can acquired a new position in Cohu during the 2nd quarter worth approximately $130,000. Louisiana State Employees Retirement System raised its stake in Cohu by 2.0% during the 2nd 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 acquired a new position in Cohu during the 2nd quarter worth approximately $179,000. Finally, PNC Financial Services Group Inc. raised its stake in Cohu by 14.9% during the 2nd quarter. PNC Financial Services Group Inc. now owns 12,452 shares of the semiconductor company’s stock worth $197,000 after buying an additional 1,613 shares during the period. Hedge funds and other institutional investors own 81.74% of the company’s stock.
Cohu, Inc. (NASDAQ COHU) opened at $24.86 on Tuesday. The stock has a market capitalization of $702.67, a P/E ratio of 19.11 and a beta of 0.89. The company has a quick ratio of 2.89, a current ratio of 3.62 and a debt-to-equity ratio of 0.02. Cohu, Inc. has a twelve month low of $11.26 and a twelve month high of $26.17.
Cohu (NASDAQ:COHU) last released its earnings results on Thursday, November 2nd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.04. Cohu had a return on equity of 14.67% and a net margin of 8.26%. The company had revenue of $93.70 million during the quarter, compared to analyst estimates of $91.43 million. During the same period in the prior year, the company posted $0.14 earnings per share. Cohu’s quarterly revenue was up 35.2% on a year-over-year basis. analysts anticipate that Cohu, Inc. will post 1.38 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, November 17th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.97%. The ex-dividend date is Thursday, November 16th. Cohu’s dividend payout ratio (DPR) is 24.49%.
A number of research firms recently weighed in on COHU. B. Riley reaffirmed a “buy” rating and set a $28.00 price target on shares of Cohu in a research note on Saturday, August 26th. BidaskClub raised Cohu from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Stifel Nicolaus reissued a “hold” rating and set a $19.00 price objective (up from $17.00) on shares of Cohu in a report on Monday, July 17th. Dougherty & Co boosted their price objective on Cohu from $23.50 to $24.00 and gave the stock a “buy” rating in a report on Friday, July 28th. Finally, Needham & Company LLC raised Cohu from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a report on Monday, September 18th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $25.40.
In other Cohu news, Director James A. Donahue sold 75,000 shares of the stock in a transaction on Tuesday, September 5th. The stock was sold at an average price of $18.72, for a total transaction of $1,404,000.00. Following the completion of the transaction, the director now directly owns 444,049 shares of the company’s stock, valued at $8,312,597.28. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director James A. Donahue sold 36,750 shares of the stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $24.76, for a total value of $909,930.00. Following the transaction, the director now directly owns 443,472 shares of the company’s stock, valued at $10,980,366.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 222,594 shares of company stock valued at $4,924,972. 6.46% of the stock is owned by corporate insiders.
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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