Denver Investment Advisors LLC purchased a new position in shares of Cohu, Inc. (NASDAQ:COHU) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 243,919 shares of the semiconductor company’s stock, valued at approximately $5,564,000. Denver Investment Advisors LLC owned about 0.85% of Cohu as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC grew its holdings in shares of Cohu by 44.6% during the first quarter. SG Americas Securities LLC now owns 7,342 shares of the semiconductor company’s stock worth $167,000 after buying an additional 2,263 shares during the last quarter. LS Investment Advisors LLC grew its holdings in shares of Cohu by 1,003.4% during the fourth quarter. LS Investment Advisors LLC now owns 9,302 shares of the semiconductor company’s stock worth $204,000 after buying an additional 8,459 shares during the last quarter. Canandaigua National Bank & Trust Co. purchased a new position in shares of Cohu during the first quarter worth about $205,000. Ellington Management Group LLC purchased a new position in shares of Cohu during the fourth quarter worth about $215,000. Finally, Teacher Retirement System of Texas purchased a new position in shares of Cohu during the fourth quarter worth about $215,000. 87.24% of the stock is currently owned by hedge funds and other institutional investors.
In other Cohu news, Director William Bendush sold 3,000 shares of Cohu stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $23.20, for a total value of $69,600.00. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 3.88% of the stock is currently owned by insiders.
COHU has been the topic of a number of research reports. B. Riley lowered their price target on Cohu from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, February 16th. BidaskClub raised Cohu from a “hold” rating to a “buy” rating in a report on Wednesday, March 21st. Dougherty & Co reissued a “buy” rating on shares of Cohu in a report on Wednesday, February 21st. Zacks Investment Research raised Cohu from a “sell” rating to a “buy” rating and set a $27.00 price target on the stock in a report on Wednesday, April 18th. Finally, Stifel Nicolaus raised Cohu from a “hold” rating to a “buy” rating in a report on Tuesday, May 8th. One analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $24.80.
Shares of COHU opened at $24.24 on Friday. Cohu, Inc. has a twelve month low of $15.55 and a twelve month high of $26.17. The company has a market capitalization of $704.69 million, a price-to-earnings ratio of 18.09, a price-to-earnings-growth ratio of 2.01 and a beta of 0.96. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.00 and a current ratio of 3.81.
Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Tuesday, May 8th. The semiconductor company reported $0.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.03. Cohu had a return on equity of 14.10% and a net margin of 9.33%. The company had revenue of $95.20 million for the quarter, compared to analyst estimates of $93.07 million. During the same quarter in the previous year, the company earned $0.24 EPS. The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. analysts expect that Cohu, Inc. will post 1.52 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 27th. Shareholders of record on Friday, June 15th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend is Thursday, June 14th. Cohu’s dividend payout ratio is presently 17.91%.
Cohu Company Profile
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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