Russell Investments Group Ltd. reduced its stake in Cohu, Inc. (NASDAQ:COHU) by 17.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,429 shares of the semiconductor company’s stock after selling 11,309 shares during the period. Russell Investments Group Ltd. owned about 0.19% of Cohu worth $1,364,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently bought and sold shares of the company. Alps Advisors Inc. bought a new stake in shares of Cohu in the 3rd quarter valued at $566,000. Northpointe Capital LLC increased its stake in shares of Cohu by 9.3% in the 3rd quarter. Northpointe Capital LLC now owns 149,249 shares of the semiconductor company’s stock valued at $3,746,000 after acquiring an additional 12,666 shares in the last quarter. Foundry Partners LLC increased its stake in shares of Cohu by 2.5% in the 3rd quarter. Foundry Partners LLC now owns 142,945 shares of the semiconductor company’s stock valued at $3,588,000 after acquiring an additional 3,455 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Cohu by 33.6% in the 3rd quarter. Bank of Montreal Can now owns 73,450 shares of the semiconductor company’s stock valued at $1,844,000 after acquiring an additional 18,485 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Cohu by 43.2% in the 2nd quarter. Northern Trust Corp now owns 635,951 shares of the semiconductor company’s stock valued at $15,586,000 after acquiring an additional 191,710 shares in the last quarter. Institutional investors own 72.18% of the company’s stock.
COHU has been the subject of several research analyst reports. ValuEngine lowered shares of Cohu from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Stifel Nicolaus lifted their price objective on shares of Cohu from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, October 2nd. BidaskClub lowered shares of Cohu from a “hold” rating to a “sell” rating in a research note on Friday, October 12th. Finally, DA Davidson initiated coverage on shares of Cohu in a research note on Monday, September 24th. They issued a “buy” rating and a $30.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $28.75.
Shares of COHU stock opened at $16.78 on Friday. The firm has a market cap of $719.17 million, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 1.41 and a beta of 1.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.58 and a quick ratio of 2.87. Cohu, Inc. has a 12 month low of $16.64 and a 12 month high of $27.83.
Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Monday, November 5th. The semiconductor company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.08). The business had revenue of $86.20 million for the quarter, compared to the consensus estimate of $92.03 million. Cohu had a net margin of 8.62% and a return on equity of 13.46%. The business’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 EPS. Analysts forecast that Cohu, Inc. will post 1.26 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders 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 dividend on an annualized basis and a yield of 1.43%. Cohu’s dividend payout ratio (DPR) is presently 17.91%.
In other Cohu news, VP Stephen R. Wigley sold 6,500 shares of the business’s stock in a transaction on Friday, November 23rd. The shares were sold at an average price of $17.83, for a total transaction of $115,895.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 3.88% of the company’s stock.
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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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