Cohu, Inc. (COHU) Shares Bought by Texas Permanent School Fund
Texas Permanent School Fund boosted its position in Cohu, Inc. (NASDAQ:COHU) by 3.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,635 shares of the semiconductor company’s stock after buying an additional 1,001 shares during the quarter. Texas Permanent School Fund’s holdings in Cohu were worth $408,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of COHU. Pearl River Capital LLC acquired a new position in Cohu in the 4th quarter valued at $26,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Cohu by 43.4% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,387 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 722 shares during the period. Flinton Capital Management LLC boosted its holdings in Cohu by 27.6% in the 4th quarter. Flinton Capital Management LLC now owns 4,592 shares of the semiconductor company’s stock valued at $74,000 after purchasing an additional 992 shares during the period. SG Americas Securities LLC bought a new stake in Cohu in the 4th quarter valued at $122,000. Finally, BNP Paribas Arbitrage SA boosted its holdings in Cohu by 415.1% in the 1st quarter. BNP Paribas Arbitrage SA now owns 8,247 shares of the semiconductor company’s stock valued at $122,000 after purchasing an additional 6,646 shares during the period. Institutional investors and hedge funds own 91.62% of the company’s stock.
COHU has been the subject of a number of research reports. Stifel Nicolaus raised shares of Cohu from a “hold” rating to a “buy” rating and increased their price target for the company from $18.50 to $22.00 in a report on Tuesday, May 7th. B. Riley reissued a “buy” rating on shares of Cohu in a report on Tuesday, March 5th. BidaskClub downgraded shares of Cohu from a “hold” rating to a “sell” rating in a report on Friday, March 1st. DA Davidson reissued a “buy” rating on shares of Cohu in a report on Wednesday, March 13th. Finally, Zacks Investment Research raised shares of Cohu from a “sell” rating to a “hold” rating in a report on Wednesday, March 20th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Cohu has an average rating of “Hold” and a consensus target price of $24.67.
Shares of Cohu stock opened at $14.55 on Friday. The company has a quick ratio of 2.27, a current ratio of 3.22 and a debt-to-equity ratio of 0.70. Cohu, Inc. has a fifty-two week low of $14.08 and a fifty-two week high of $27.83. The firm has a market capitalization of $598.85 million, a price-to-earnings ratio of 16.98, a P/E/G ratio of 4.47 and a beta of 1.36.
Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Monday, May 6th. The semiconductor company reported ($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). Cohu had a negative net margin of 12.48% and a positive return on equity of 6.17%. The company had revenue of $147.81 million during the quarter, compared to the consensus estimate of $145.00 million. During the same period last year, the company earned $0.36 earnings per share. Cohu’s revenue for the quarter was up 55.3% on a year-over-year basis. On average, equities research analysts expect that Cohu, Inc. will post 0.33 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, June 14th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.65%. The ex-dividend date of this dividend is Thursday, June 13th. Cohu’s payout ratio is 19.35%.
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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.
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