Systematic Financial Management LP trimmed its position in Cohu, Inc. (NASDAQ:COHU) by 1.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,148,498 shares of the semiconductor company’s stock after selling 12,789 shares during the quarter. Systematic Financial Management LP owned approximately 2.80% of Cohu worth $17,721,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Bank of New York Mellon Corp raised its holdings in Cohu by 30.6% in the 4th quarter. Bank of New York Mellon Corp now owns 567,707 shares of the semiconductor company’s stock worth $9,123,000 after purchasing an additional 133,122 shares during the period. Northern Trust Corp raised its holdings in Cohu by 20.8% during the fourth quarter. Northern Trust Corp now owns 851,731 shares of the semiconductor company’s stock valued at $13,686,000 after acquiring an additional 146,814 shares during the period. Geode Capital Management LLC raised its holdings in Cohu by 42.9% during the fourth quarter. Geode Capital Management LLC now owns 455,453 shares of the semiconductor company’s stock valued at $7,319,000 after acquiring an additional 136,758 shares during the period. Principal Financial Group Inc. raised its holdings in Cohu by 42.1% during the fourth quarter. Principal Financial Group Inc. now owns 345,064 shares of the semiconductor company’s stock valued at $5,545,000 after acquiring an additional 102,313 shares during the period. Finally, Bank of America Corp DE raised its holdings in Cohu by 14.9% during the fourth quarter. Bank of America Corp DE now owns 163,207 shares of the semiconductor company’s stock valued at $2,623,000 after acquiring an additional 21,204 shares during the period. Institutional investors and hedge funds own 91.95% of the company’s stock.
A number of equities research analysts have commented on COHU shares. BidaskClub cut Cohu from a “hold” rating to a “sell” rating in a report on Tuesday, July 9th. Zacks Investment Research raised Cohu from a “sell” rating to a “hold” rating in a report on Thursday, August 1st. Stifel Nicolaus raised Cohu from a “hold” rating to a “buy” rating and raised their price target for the company from $18.50 to $22.00 in a report on Tuesday, May 7th. Finally, ValuEngine cut Cohu from a “strong-buy” rating to a “buy” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $24.67.
In related news, VP Jeffrey D. Jones purchased 4,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was bought at an average price of $14.35 per share, for a total transaction of $57,400.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William Bendush sold 3,000 shares of Cohu stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $16.52, for a total value of $49,560.00. The disclosure for this sale can be found here. Company insiders own 3.52% of the company’s stock.
Shares of Cohu stock traded down $0.40 during trading on Wednesday, reaching $12.58. 14,694 shares of the stock traded hands, compared to its average volume of 378,989. The firm has a market cap of $526.29 million, a P/E ratio of 10.16 and a beta of 1.28. The firm’s fifty day moving average price is $15.14. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.22 and a quick ratio of 2.27. Cohu, Inc. has a 52-week low of $12.86 and a 52-week high of $27.83.
Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Monday, August 5th. The semiconductor company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.06). The firm had revenue of $150.01 million for the quarter, compared to analysts’ expectations of $152.50 million. Cohu had a negative net margin of 12.48% and a positive return on equity of 6.17%. The company’s revenue for the quarter was up 50.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 EPS. On average, sell-side analysts predict that Cohu, Inc. will post -0.11 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Friday, August 23rd will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.91%. Cohu’s payout ratio is 19.35%.
Cohu Company Profile
Cohu, Inc, through its subsidiaries, provides semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, thermal sub-systems, semiconductor automated test equipment (ATE), and bare board printed circuit board (PCB) test systems for semiconductor and electronics manufacturers, and test subcontractors worldwide.
See Also: Percentage Decliners
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.