Cohu, Inc. (COHU) Shares Sold by Russell Investments Group Ltd.
Russell Investments Group Ltd. reduced its stake in Cohu, Inc. (NASDAQ:COHU) by 17.2% during the third quarter, according to its most recent filing with the SEC. The fund owned 54,429 shares of the semiconductor company’s stock after selling 11,309 shares during the quarter. Russell Investments Group Ltd.’s holdings in Cohu were worth $1,364,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of COHU. Segall Bryant & Hamill LLC purchased a new position in shares of Cohu in the 2nd quarter worth about $15,004,000. Northern Trust Corp boosted its holdings in shares of Cohu by 43.2% in the 2nd quarter. Northern Trust Corp now owns 635,951 shares of the semiconductor company’s stock worth $15,586,000 after buying an additional 191,710 shares during the last quarter. Royce & Associates LP boosted its holdings in shares of Cohu by 7.7% in the 2nd quarter. Royce & Associates LP now owns 1,676,535 shares of the semiconductor company’s stock worth $41,092,000 after buying an additional 119,492 shares during the last quarter. Systematic Financial Management LP boosted its holdings in shares of Cohu by 11.3% in the 2nd quarter. Systematic Financial Management LP now owns 954,870 shares of the semiconductor company’s stock worth $23,404,000 after buying an additional 96,742 shares during the last quarter. Finally, BlackRock Inc. boosted its holdings in shares of Cohu by 2.3% in the 2nd quarter. BlackRock Inc. now owns 4,086,397 shares of the semiconductor company’s stock worth $100,159,000 after buying an additional 92,750 shares during the last quarter. 72.18% of the stock is currently owned by institutional investors.
COHU has been the topic of a number of research analyst reports. Stifel Nicolaus boosted their price target on shares of Cohu from $29.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, October 2nd. BidaskClub downgraded shares of Cohu from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 18th. Zacks Investment Research downgraded shares of Cohu from a “hold” rating to a “strong sell” rating in a report on Monday, December 3rd. ValuEngine downgraded shares of Cohu from a “hold” rating to a “sell” rating in a report on Tuesday, October 23rd. Finally, DA Davidson cut their price target on shares of Cohu to $28.00 and set a “buy” rating on the stock in a report on Tuesday, November 6th. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $28.75.
NASDAQ COHU opened at $16.78 on Friday. The stock has a market cap of $719.17 million, a price-to-earnings ratio of 12.90, a price-to-earnings-growth ratio of 1.41 and a beta of 1.27. Cohu, Inc. has a 52 week low of $16.64 and a 52 week high of $27.83. The company has a current ratio of 3.58, a quick ratio of 2.87 and a debt-to-equity ratio of 0.01.
Cohu (NASDAQ:COHU) last released its quarterly earnings data on Monday, November 5th. The semiconductor company reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by ($0.08). The business had revenue of $86.20 million for the quarter, compared to analysts’ expectations of $92.03 million. Cohu had a net margin of 8.62% and a return on equity of 13.46%. Cohu’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period last year, the company earned $0.43 earnings per share. On average, analysts anticipate that Cohu, Inc. will post 1.26 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, November 16th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.43%. The ex-dividend date is Thursday, November 15th. Cohu’s dividend payout ratio (DPR) is presently 17.91%.
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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.
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