Cohu, Inc. (COHU) Shares Bought by Victory Capital Management Inc.
Victory Capital Management Inc. raised its holdings in Cohu, Inc. (NASDAQ:COHU) by 183.6% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 192,082 shares of the semiconductor company’s stock after purchasing an additional 124,352 shares during the quarter. Victory Capital Management Inc. owned 0.66% of Cohu worth $4,821,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of the business. BlackRock Inc. raised its holdings in shares of Cohu by 2.3% in the 2nd quarter. BlackRock Inc. now owns 4,086,397 shares of the semiconductor company’s stock valued at $100,159,000 after buying an additional 92,750 shares during the period. Dimensional Fund Advisors LP raised its holdings in shares of Cohu by 1.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,404,861 shares of the semiconductor company’s stock valued at $58,942,000 after buying an additional 26,142 shares during the period. Royce & Associates LP raised its holdings in shares of Cohu by 7.7% in the 2nd quarter. Royce & Associates LP now owns 1,676,535 shares of the semiconductor company’s stock valued at $41,092,000 after buying an additional 119,492 shares during the period. Systematic Financial Management LP raised its holdings in shares of Cohu by 11.3% in the 2nd quarter. Systematic Financial Management LP now owns 954,870 shares of the semiconductor company’s stock valued at $23,404,000 after buying an additional 96,742 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in shares of Cohu by 9.0% in the 2nd quarter. Renaissance Technologies LLC now owns 711,100 shares of the semiconductor company’s stock valued at $17,429,000 after buying an additional 59,000 shares during the period. Institutional investors own 94.83% of the company’s stock.
Several research firms recently issued reports on COHU. BidaskClub downgraded Cohu from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 18th. ValuEngine downgraded Cohu from a “hold” rating to a “sell” rating in a report on Monday, September 17th. Finally, DA Davidson cut their price objective on Cohu to $28.00 and set a “buy” rating on the stock in a report on Tuesday, November 6th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $28.75.
Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Monday, November 5th. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.08). The firm had revenue of $86.20 million during the quarter, compared to analysts’ expectations of $92.03 million. Cohu had a net margin of 8.62% and a return on equity of 13.46%. Cohu’s quarterly revenue was down 8.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.43 EPS. On average, research analysts expect that Cohu, Inc. will post 1.26 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, November 16th will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, November 15th. This represents a $0.24 annualized dividend and a yield of 1.39%. Cohu’s payout ratio is 17.91%.
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Cohu, Inc, through its subsidiaries, engages in the development, manufacture, sale, and servicing of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, and thermal sub-systems for semiconductor manufacturers and test subcontractors worldwide.
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