Alliancebernstein L.P. purchased a new stake in shares of Cohu, Inc. (NASDAQ:COHU) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 33,544 shares of the semiconductor company’s stock, valued at approximately $528,000. Alliancebernstein L.P. owned about 0.12% of Cohu as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of COHU. Systematic Financial Management LP boosted its position in Cohu by 20.6% during the second quarter. Systematic Financial Management LP now owns 843,310 shares of the semiconductor company’s stock valued at $13,274,000 after purchasing an additional 143,783 shares during the last quarter. Vanguard Group Inc. boosted its position in Cohu by 10.1% during the first quarter. Vanguard Group Inc. now owns 1,407,360 shares of the semiconductor company’s stock valued at $25,980,000 after purchasing an additional 129,316 shares during the last quarter. Acadian Asset Management LLC boosted its position in Cohu by 28.2% during the second quarter. Acadian Asset Management LLC now owns 494,573 shares of the semiconductor company’s stock valued at $7,784,000 after purchasing an additional 108,751 shares during the last quarter. Renaissance Technologies LLC lifted its position in shares of Cohu by 12.6% in the first quarter. Renaissance Technologies LLC now owns 684,459 shares of the semiconductor company’s stock valued at $12,635,000 after buying an additional 76,405 shares during the last quarter. Finally, Marshall Wace North America L.P. lifted its position in shares of Cohu by 196.0% in the second quarter. Marshall Wace North America L.P. now owns 114,771 shares of the semiconductor company’s stock valued at $1,836,000 after buying an additional 75,996 shares during the last quarter. 83.41% of the stock is owned by hedge funds and other institutional investors.

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Shares of Cohu, Inc. (NASDAQ:COHU) opened at $24.42 on Friday. The firm has a market capitalization of $682.78, a P/E ratio of 18.78 and a beta of 0.89. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.52 and a current ratio of 3.23. Cohu, Inc. has a fifty-two week low of $10.96 and a fifty-two week high of $26.17.

Cohu (NASDAQ:COHU) last released its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.04. The business had revenue of $93.70 million during the quarter, compared to analysts’ expectations of $91.43 million. Cohu had a return on equity of 15.12% and a net margin of 8.26%. The firm’s revenue for the quarter was up 35.2% compared to the same quarter last year. During the same period last year, the firm posted $0.14 EPS. analysts predict that Cohu, Inc. will post 1.35 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, November 17th will be issued a dividend of $0.06 per share. The ex-dividend date is Thursday, November 16th. This represents a $0.24 annualized dividend and a yield of 0.98%. Cohu’s payout ratio is currently 24.49%.

In related news, Director James A. Donahue sold 75,000 shares of Cohu stock in a transaction that occurred on Tuesday, September 5th. The stock was sold at an average price of $18.72, for a total transaction of $1,404,000.00. Following the completion of the sale, the director now directly owns 444,049 shares of the company’s stock, valued at approximately $8,312,597.28. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director James A. Donahue sold 36,750 shares of Cohu stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $24.76, for a total value of $909,930.00. Following the sale, the director now directly owns 443,472 shares of the company’s stock, valued at $10,980,366.72. The disclosure for this sale can be found here. Over the last three months, insiders have sold 197,594 shares of company stock valued at $4,306,222. 6.46% of the stock is currently owned by insiders.

A number of analysts have recently issued reports on COHU shares. Zacks Investment Research raised Cohu from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective for the company in a research report on Monday, August 21st. ValuEngine cut Cohu from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Needham & Company LLC reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Cohu in a research report on Friday, October 27th. BidaskClub raised Cohu from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $19.00 price objective (up from $17.00) on shares of Cohu in a research report on Monday, July 17th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Cohu presently has an average rating of “Buy” and a consensus price target of $23.60.

About Cohu

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. It develops, manufactures, sells and services a line of equipment capable of handling a range of integrated circuits and light-emitting diodes.

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Institutional Ownership by Quarter for Cohu (NASDAQ:COHU)

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