EAM Investors LLC Sells 25,853 Shares of Cohu, Inc. (COHU)
EAM Investors LLC reduced its position in shares of Cohu, Inc. (NASDAQ:COHU) by 25.9% during the fourth quarter, HoldingsChannel reports. The firm owned 74,040 shares of the semiconductor company’s stock after selling 25,853 shares during the quarter. EAM Investors LLC’s holdings in Cohu were worth $1,625,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of COHU. Royce & Associates LP lifted its position in shares of Cohu by 62.6% during the third quarter. Royce & Associates LP now owns 1,042,514 shares of the semiconductor company’s stock worth $24,854,000 after purchasing an additional 401,281 shares in the last quarter. BlackRock Inc. lifted its position in shares of Cohu by 4.8% during the fourth quarter. BlackRock Inc. now owns 3,700,110 shares of the semiconductor company’s stock worth $81,218,000 after purchasing an additional 170,181 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Cohu by 18.0% during the third quarter. Ameriprise Financial Inc. now owns 807,067 shares of the semiconductor company’s stock worth $19,240,000 after purchasing an additional 122,918 shares in the last quarter. Wells Fargo & Company MN lifted its position in shares of Cohu by 157.7% during the fourth quarter. Wells Fargo & Company MN now owns 164,309 shares of the semiconductor company’s stock worth $3,607,000 after purchasing an additional 100,540 shares in the last quarter. Finally, LSV Asset Management lifted its position in shares of Cohu by 51.9% during the fourth quarter. LSV Asset Management now owns 234,700 shares of the semiconductor company’s stock worth $5,151,000 after purchasing an additional 80,200 shares in the last quarter. 82.72% of the stock is currently owned by institutional investors and hedge funds.
A number of research analysts have recently commented on COHU shares. Zacks Investment Research raised shares of Cohu from a “hold” rating to a “strong-buy” rating and set a $29.00 target price on the stock in a research report on Tuesday, November 7th. B. Riley reduced their target price on shares of Cohu from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Dougherty & Co reissued a “buy” rating on shares of Cohu in a research report on Wednesday, February 21st. BidaskClub cut shares of Cohu from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Finally, ValuEngine raised shares of Cohu from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $25.20.
Cohu (NASDAQ:COHU) last posted its quarterly earnings results on Thursday, February 15th. The semiconductor company reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.31 by ($0.03). The company had revenue of $84.09 million during the quarter, compared to analyst estimates of $84.20 million. Cohu had a net margin of 9.31% and a return on equity of 14.63%. The company’s revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the company earned $0.24 earnings per share. equities analysts predict that Cohu, Inc. will post 1.49 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Tuesday, February 27th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Monday, February 26th. This represents a $0.24 annualized dividend and a yield of 1.20%. Cohu’s dividend payout ratio is presently 21.24%.
In related news, Director Robert L. Ciardella sold 5,000 shares of the company’s stock in a transaction on Friday, February 23rd. The shares were sold at an average price of $19.53, for a total value of $97,650.00. Following the sale, the director now directly owns 80,887 shares of the company’s stock, valued at $1,579,723.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.46% of the company’s stock.
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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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