Sensato Investors LLC lowered its stake in Cohu, Inc. (NASDAQ:COHU) by 18.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 192,180 shares of the semiconductor company’s stock after selling 42,621 shares during the period. Sensato Investors LLC’s holdings in Cohu were worth $4,218,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. SG Americas Securities LLC bought a new position in shares of Cohu in the third quarter worth $102,000. Cornerstone Capital Management Holdings LLC. bought a new position in shares of Cohu in the third quarter worth $106,000. LS Investment Advisors LLC increased its position in shares of Cohu by 1,003.4% in the fourth quarter. LS Investment Advisors LLC now owns 9,302 shares of the semiconductor company’s stock worth $204,000 after purchasing an additional 8,459 shares during the period. Crossmark Global Holdings Inc. bought a new position in shares of Cohu in the third quarter worth $209,000. Finally, Ellington Management Group LLC bought a new position in shares of Cohu in the fourth quarter worth $215,000. Institutional investors own 86.16% of the company’s stock.

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In other news, Director Robert L. Ciardella sold 5,000 shares of Cohu stock in a transaction dated Friday, February 23rd. The stock was sold at an average price of $19.53, for a total transaction of $97,650.00. Following the sale, the director now directly owns 80,887 shares of the company’s stock, valued at $1,579,723.11. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.46% of the company’s stock.

COHU has been the topic of a number of recent analyst reports. BidaskClub cut Cohu from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Zacks Investment Research cut Cohu from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Dougherty & Co reiterated a “buy” rating on shares of Cohu in a research report on Wednesday, February 21st. ValuEngine upgraded Cohu from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Finally, B. Riley decreased their target price on Cohu from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Cohu has a consensus rating of “Hold” and an average target price of $25.20.

Cohu, Inc. (COHU) opened at $22.15 on Wednesday. Cohu, Inc. has a 12-month low of $15.55 and a 12-month high of $26.17. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.49 and a quick ratio of 2.76. The stock has a market capitalization of $636.72, a PE ratio of 19.60, a price-to-earnings-growth ratio of 1.87 and a beta of 1.00.

Cohu (NASDAQ:COHU) last released its earnings results on Thursday, February 15th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.03). Cohu had a net margin of 9.31% and a return on equity of 14.63%. The business had revenue of $84.09 million during the quarter, compared to the consensus estimate of $84.20 million. During the same quarter in the prior year, the firm earned $0.24 EPS. The business’s revenue was up 19.0% on a year-over-year basis. equities research analysts forecast that Cohu, Inc. will post 1.49 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Tuesday, February 27th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Monday, February 26th. Cohu’s dividend payout ratio is presently 21.24%.

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Cohu 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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Institutional Ownership by Quarter for Cohu (NASDAQ:COHU)

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