Russell Investments Group Ltd. grew its position in shares of Cohu, Inc. (NASDAQ:COHU) by 129.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 65,738 shares of the semiconductor company’s stock after buying an additional 37,051 shares during the period. Russell Investments Group Ltd. owned 0.23% of Cohu worth $1,609,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Piedmont Investment Advisors LLC purchased a new position in shares of Cohu during the 2nd quarter valued at $164,000. SG Americas Securities LLC lifted its position in shares of Cohu by 44.6% during the 1st quarter. SG Americas Securities LLC now owns 7,342 shares of the semiconductor company’s stock valued at $167,000 after buying an additional 2,263 shares during the last quarter. WINTON GROUP Ltd purchased a new position in shares of Cohu during the 1st quarter valued at $201,000. Los Angeles Capital Management & Equity Research Inc. purchased a new position in shares of Cohu during the 2nd quarter valued at $212,000. Finally, First Republic Investment Management Inc. purchased a new position in shares of Cohu during the 1st quarter valued at $220,000. 97.49% of the stock is currently owned by hedge funds and other institutional investors.
COHU has been the topic of a number of recent research reports. DA Davidson initiated coverage on Cohu in a research report on Monday. They set a “buy” rating and a $30.00 price target on the stock. BidaskClub cut Cohu from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 26th. ValuEngine raised Cohu from a “hold” rating to a “buy” rating in a research report on Friday, June 1st. Finally, Zacks Investment Research cut Cohu from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $27.75.
Shares of COHU opened at $22.82 on Thursday. The stock has a market cap of $658.67 million, a P/E ratio of 15.00, a P/E/G ratio of 1.45 and a beta of 1.00. The company has a debt-to-equity ratio of 0.01, a quick ratio of 2.93 and a current ratio of 3.66. Cohu, Inc. has a 52-week low of $18.60 and a 52-week high of $27.83.
Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Thursday, August 2nd. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.17. The business had revenue of $99.80 million for the quarter, compared to analysts’ expectations of $99.57 million. Cohu had a return on equity of 15.21% and a net margin of 9.50%. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 EPS. research analysts expect that Cohu, Inc. will post 1.57 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 19th. Investors of record on Friday, August 24th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, August 23rd. This represents a $0.24 dividend on an annualized basis and a yield of 1.05%. Cohu’s dividend payout ratio (DPR) is 17.91%.
In related news, VP Hock Woo Chiang sold 15,825 shares of the stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $27.59, for a total transaction of $436,611.75. Following the sale, the vice president now owns 71,947 shares of the company’s stock, valued at approximately $1,985,017.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.88% of the company’s stock.
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.
Recommended Story: What is the Dow Jones Industrial Average (DJIA)?
Want to see what other hedge funds are holding COHU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cohu, Inc. (NASDAQ:COHU).
Receive News & Ratings for Cohu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cohu and related companies with MarketBeat.com's FREE daily email newsletter.