Cohu, Inc. (COHU) Stake Maintained by Intrinsic Edge Capital Management LLC
Intrinsic Edge Capital Management LLC held its stake in shares of Cohu, Inc. (NASDAQ:COHU) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 84,148 shares of the semiconductor company’s stock at the close of the 2nd quarter. Intrinsic Edge Capital Management LLC owned 0.30% of Cohu worth $1,324,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in shares of Cohu by 1.5% during the second quarter. Dimensional Fund Advisors LP now owns 2,299,046 shares of the semiconductor company’s stock worth $36,187,000 after purchasing an additional 34,480 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Cohu by 3.7% during the second quarter. Vanguard Group Inc. now owns 1,459,575 shares of the semiconductor company’s stock worth $22,974,000 after purchasing an additional 52,215 shares in the last quarter. Systematic Financial Management LP lifted its position in shares of Cohu by 20.6% during the second quarter. Systematic Financial Management LP now owns 843,310 shares of the semiconductor company’s stock worth $13,274,000 after purchasing an additional 143,783 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Cohu by 12.6% during the first quarter. Renaissance Technologies LLC now owns 684,459 shares of the semiconductor company’s stock worth $12,635,000 after purchasing an additional 76,405 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Cohu by 326.9% during the second quarter. Ameriprise Financial Inc. now owns 684,149 shares of the semiconductor company’s stock worth $10,769,000 after purchasing an additional 523,887 shares in the last quarter. 83.86% of the stock is currently owned by institutional investors and hedge funds.
Cohu, Inc. (NASDAQ COHU) traded up 0.51% during mid-day trading on Friday, hitting $23.70. 27,954 shares of the company were exchanged. Cohu, Inc. has a 12 month low of $10.72 and a 12 month high of $24.72. The stock has a market cap of $662.63 million, a price-to-earnings ratio of 34.25 and a beta of 0.92. The firm has a 50 day moving average price of $20.34 and a 200 day moving average price of $18.68.
Cohu (NASDAQ:COHU) last released its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.39 by $0.03. The firm had revenue of $93.90 million for the quarter, compared to analyst estimates of $92.91 million. Cohu had a return on equity of 11.59% and a net margin of 6.21%. Cohu’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.23 EPS. Analysts anticipate that Cohu, Inc. will post $1.54 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, August 25th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Wednesday, August 23rd. Cohu’s dividend payout ratio (DPR) is presently 34.78%.
In related news, VP Hock Woo Chiang sold 10,844 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $18.77, for a total transaction of $203,541.88. Following the transaction, the vice president now directly owns 90,332 shares of the company’s stock, valued at approximately $1,695,531.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James A. Donahue sold 75,000 shares of the business’s stock in a transaction that occurred on Tuesday, October 3rd. The stock was sold at an average price of $23.85, for a total value of $1,788,750.00. The disclosure for this sale can be found here. Insiders have sold a total of 235,844 shares of company stock worth $4,736,542 over the last three months. 5.97% of the stock is currently owned by corporate insiders.
Several analysts have recently issued reports on the stock. B. Riley reissued a “buy” rating and set a $25.00 price target on shares of Cohu in a research report on Thursday, July 20th. BidaskClub raised shares of Cohu from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Stifel Nicolaus reissued a “hold” rating and set a $19.00 price target (up previously from $17.00) on shares of Cohu in a research report on Monday, July 17th. Finally, Zacks Investment Research raised shares of Cohu from a “hold” rating to a “strong-buy” rating and set a $20.00 price target on the stock in a research report on Friday, July 14th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $23.00.
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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