LSV Asset Management Lowers Position in Cohu Inc. (COHU)
LSV Asset Management decreased its position in shares of Cohu Inc. (NASDAQ:COHU) by 39.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,400 shares of the company’s stock after selling 9,500 shares during the period. LSV Asset Management owned about 0.05% of Cohu worth $156,000 as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Springbank Value Partners LP increased its position in Cohu by 11.8% in the first quarter. Springbank Value Partners LP now owns 9,500 shares of the company’s stock worth $113,000 after buying an additional 1,000 shares during the period. Louisiana State Employees Retirement System increased its position in Cohu by 1.8% in the second quarter. Louisiana State Employees Retirement System now owns 11,200 shares of the company’s stock worth $122,000 after buying an additional 200 shares during the period. PNC Financial Services Group Inc. increased its position in Cohu by 29.7% in the second quarter. PNC Financial Services Group Inc. now owns 12,199 shares of the company’s stock worth $132,000 after buying an additional 2,793 shares during the period. Arizona State Retirement System increased its position in Cohu by 4.9% in the first quarter. Arizona State Retirement System now owns 12,726 shares of the company’s stock worth $151,000 after buying an additional 600 shares during the period. Finally, UBS Asset Management Americas Inc. bought a new position in Cohu during the first quarter worth about $181,000. Institutional investors and hedge funds own 87.39% of the company’s stock.
Cohu Inc. (NASDAQ:COHU) traded up 0.44% during trading on Tuesday, hitting $11.35. 67,174 shares of the company’s stock traded hands. The stock has a market cap of $302.78 million, a P/E ratio of 79.37 and a beta of 0.95. The company’s 50 day moving average is $10.80 and its 200-day moving average is $11.31. Cohu Inc. has a 12 month low of $9.25 and a 12 month high of $13.43.
Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Thursday, July 28th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.21 by $0.01. The firm earned $76.40 million during the quarter, compared to the consensus estimate of $73.93 million. Cohu had a net margin of 1.38% and a return on equity of 3.23%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.27 earnings per share. On average, analysts predict that Cohu Inc. will post $0.48 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 21st. Investors of record on Friday, August 26th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 2.11%. The ex-dividend date of this dividend is Wednesday, August 24th. Cohu’s payout ratio is currently 171.43%.
A number of research firms have issued reports on COHU. B. Riley reiterated a “buy” rating and set a $14.00 price target on shares of Cohu in a research note on Wednesday, August 3rd. Zacks Investment Research upgraded Cohu from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Finally, TheStreet upgraded Cohu from a “hold” rating to a “buy” rating in a research note on Thursday, June 9th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $14.00.
Cohu Company Profile
Cohu, Inc is a supplier of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors and thermal sub-systems used by global semiconductor manufacturers and test subcontractors. The Company develops, manufactures, sells and services a line of equipment capable of handling a range of integrated circuits and light-emitting diodes (LEDs).
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