JPMorgan Chase & Co. lessened its stake in Cohu, Inc. (NASDAQ:COHU) by 24.3% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 596,809 shares of the semiconductor company’s stock after selling 191,703 shares during the quarter. JPMorgan Chase & Co. owned about 2.11% of Cohu worth $14,073,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Legal & General Group Plc boosted its stake in shares of Cohu by 8.6% during the 3rd quarter. Legal & General Group Plc now owns 50,101 shares of the semiconductor company’s stock valued at $1,193,000 after buying an additional 3,969 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of Cohu by 7.1% during the 3rd quarter. Great West Life Assurance Co. Can now owns 40,496 shares of the semiconductor company’s stock valued at $954,000 after buying an additional 2,700 shares during the last quarter. Teachers Retirement System of The State of Kentucky boosted its stake in shares of Cohu by 56.3% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 15,000 shares of the semiconductor company’s stock valued at $358,000 after buying an additional 5,400 shares during the last quarter. EAM Investors LLC boosted its stake in shares of Cohu by 128.5% during the 3rd quarter. EAM Investors LLC now owns 99,893 shares of the semiconductor company’s stock valued at $2,381,000 after buying an additional 56,185 shares during the last quarter. Finally, Macquarie Group Ltd. purchased a new position in shares of Cohu during the 3rd quarter valued at approximately $483,000. Hedge funds and other institutional investors own 83.10% of the company’s stock.

In related news, Director James A. Donahue sold 36,750 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $24.76, for a total transaction of $909,930.00. Following the transaction, the director now directly owns 443,472 shares in the company, valued at $10,980,366.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James A. Donahue sold 75,000 shares of the firm’s stock in a transaction 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 156,750 shares of company stock worth $3,813,830 over the last 90 days. 6.46% of the stock is currently owned by company insiders.

Several equities analysts have recently commented on the company. Needham & Company LLC upgraded Cohu from a “hold” rating to a “buy” rating and set a $24.00 target price for the company in a research note on Monday, September 18th. ValuEngine upgraded Cohu from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Zacks Investment Research cut Cohu from a “buy” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, B. Riley reiterated a “buy” rating and set a $28.00 target price on shares of Cohu in a research note on Saturday, August 26th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $25.40.

Cohu, Inc. (NASDAQ COHU) opened at $23.00 on Wednesday. Cohu, Inc. has a one year low of $12.64 and a one year high of $26.17. The stock has a market capitalization of $643.08, a price-to-earnings ratio of 17.49 and a beta of 0.84. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.89 and a current ratio of 3.62.

Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.04. Cohu had a return on equity of 14.67% and a net margin of 8.26%. The firm had revenue of $93.70 million for the quarter, compared to analysts’ expectations of $91.43 million. During the same period last year, the business posted $0.14 earnings per share. The firm’s revenue for the quarter was up 35.2% on a year-over-year basis. analysts predict that Cohu, Inc. will post 1.37 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, November 17th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.04%. The ex-dividend date is Thursday, November 16th. Cohu’s dividend payout ratio (DPR) is presently 24.00%.

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Cohu Company Profile

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.

Institutional Ownership by Quarter for Cohu (NASDAQ:COHU)

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