Bank of Montreal Can increased its stake in shares of Cohu, Inc. (NASDAQ:COHU) by 33.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,450 shares of the semiconductor company’s stock after acquiring an additional 18,485 shares during the quarter. Bank of Montreal Can owned approximately 0.25% of Cohu worth $1,844,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Rhumbline Advisers boosted its stake in Cohu by 3.5% during the second quarter. Rhumbline Advisers now owns 69,768 shares of the semiconductor company’s stock worth $1,710,000 after acquiring an additional 2,371 shares in the last quarter. Aperio Group LLC raised its holdings in Cohu by 14.0% during the second quarter. Aperio Group LLC now owns 21,565 shares of the semiconductor company’s stock worth $529,000 after buying an additional 2,649 shares during the last quarter. First Trust Advisors LP raised its holdings in Cohu by 11.5% during the second quarter. First Trust Advisors LP now owns 36,967 shares of the semiconductor company’s stock worth $906,000 after buying an additional 3,820 shares during the last quarter. Legal & General Group Plc raised its holdings in Cohu by 8.7% during the second quarter. Legal & General Group Plc now owns 57,249 shares of the semiconductor company’s stock worth $1,381,000 after buying an additional 4,590 shares during the last quarter. Finally, Itau Unibanco Holding S.A. acquired a new position in Cohu during the second quarter worth $124,000. 97.54% of the stock is currently owned by institutional investors and hedge funds.
Several research analysts have weighed in on the stock. BidaskClub downgraded shares of Cohu from a “hold” rating to a “sell” rating in a report on Thursday. DA Davidson lowered their price objective on shares of Cohu to $28.00 and set a “buy” rating on the stock in a report on Tuesday. ValuEngine downgraded shares of Cohu from a “hold” rating to a “sell” rating in a report on Tuesday, October 23rd. Finally, Stifel Nicolaus upped their price objective on shares of Cohu from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, October 2nd. Two investment 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’s stock. The stock has an average rating of “Hold” and an average price target of $28.75.
COHU opened at $18.86 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.93 and a current ratio of 3.58. Cohu, Inc. has a 1-year low of $17.60 and a 1-year high of $27.83. The firm has a market cap of $521.74 million, a price-to-earnings ratio of 14.07, a price-to-earnings-growth ratio of 1.13 and a beta of 1.29.
Cohu (NASDAQ:COHU) last released its quarterly earnings data on Monday, November 5th. The semiconductor company reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.08). Cohu had a return on equity of 13.46% and a net margin of 8.62%. The business had revenue of $86.20 million for the quarter, compared to analyst estimates of $92.03 million. During the same quarter in the previous year, the company posted $0.43 EPS. The business’s quarterly revenue was down 8.0% on a year-over-year basis. On average, equities research analysts anticipate that Cohu, Inc. will post 1.6 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, November 16th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $0.24 annualized dividend and a dividend yield of 1.27%. Cohu’s dividend payout ratio is currently 17.91%.
In other news, VP Hock Woo Chiang sold 15,825 shares of the stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $27.59, for a total value of $436,611.75. Following the completion of the sale, the vice president now owns 71,947 shares in the company, valued at $1,985,017.73. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 3.88% of the company’s stock.
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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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