JPMorgan Chase & Co. Has $14.07 Million Holdings in Cohu, Inc. (COHU)
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.
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%.
ILLEGAL ACTIVITY WARNING: “JPMorgan Chase & Co. Has $14.07 Million Holdings in Cohu, Inc. (COHU)” was first posted by Watch List News and is the property of of Watch List News. If you are reading this story on another domain, it was illegally stolen and reposted in violation of United States and international copyright legislation. The correct version of this story can be accessed at https://www.watchlistnews.com/jpmorgan-chase-co-has-14-07-million-holdings-in-cohu-inc-cohu/1773898.html.
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.
Receive News & Ratings for Cohu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cohu and related companies with MarketBeat.com's FREE daily email newsletter.