Laurion Capital Management LP purchased a new stake in Cohu, Inc. (NASDAQ:COHU) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 16,400 shares of the semiconductor company’s stock, valued at approximately $258,000. Laurion Capital Management LP owned 0.06% of Cohu as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also made changes to their positions in COHU. Mason Street Advisors LLC lifted its position in Cohu by 7.6% during the first quarter. Mason Street Advisors LLC now owns 5,839 shares of the semiconductor company’s stock valued at $108,000 after buying an additional 411 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Cohu by 67.7% in the second quarter. BNP Paribas Arbitrage SA now owns 8,085 shares of the semiconductor company’s stock worth $127,000 after acquiring an additional 3,264 shares in the last quarter. Bank of Montreal Can acquired a new stake in shares of Cohu in the second quarter worth $130,000. Louisiana State Employees Retirement System increased its position in shares of Cohu by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the semiconductor company’s stock worth $164,000 after acquiring an additional 200 shares in the last quarter. Finally, Aperio Group LLC acquired a new stake in shares of Cohu in the second quarter worth $179,000. 83.86% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Cohu, Inc. (COHU) opened at 24.27 on Tuesday. Cohu, Inc. has a 12 month low of $10.72 and a 12 month high of $24.28. The firm has a market cap of $678.56 million, a P/E ratio of 35.07 and a beta of 0.91. The firm has a 50-day moving average of $19.84 and a 200 day moving average of $18.56.

Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The company had revenue of $93.90 million during the quarter, compared to analysts’ expectations of $92.91 million. Cohu had a return on equity of 11.59% and a net margin of 6.21%. The business’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.23 earnings per share. On average, equities research analysts anticipate that Cohu, Inc. will post $1.54 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, August 25th will be paid a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Wednesday, August 23rd. Cohu’s payout ratio is 34.78%.

In other Cohu news, VP Hock Woo Chiang sold 10,844 shares of the company’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 completion of the sale, the vice president now owns 90,332 shares of the company’s stock, valued at $1,695,531.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James A. Donahue sold 75,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $17.87, for a total value of $1,340,250.00. Following the sale, the director now directly owns 444,049 shares of the company’s stock, valued at approximately $7,935,155.63. The disclosure for this sale can be found here. Insiders sold a total of 160,844 shares of company stock worth $2,947,792 over the last three months. 5.97% of the stock is owned by company insiders.

A number of equities analysts have recently commented on COHU shares. Needham & Company LLC raised shares of Cohu from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Monday, September 18th. Stifel Nicolaus reaffirmed a “hold” rating and set a $19.00 price target (up from $17.00) on shares of Cohu in a research report on Monday, July 17th. ValuEngine raised shares of Cohu from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. BidaskClub upgraded Cohu from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, Zacks Investment Research downgraded Cohu from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $23.00.

COPYRIGHT VIOLATION NOTICE: “Laurion Capital Management LP Purchases New Holdings in Cohu, Inc. (COHU)” was originally posted by Watch List News and is the sole property of of Watch List News. If you are reading this piece of content on another publication, it was stolen and republished in violation of U.S. and international copyright law. The original version of this piece of content can be viewed at https://www.watchlistnews.com/laurion-capital-management-lp-purchases-new-holdings-in-cohu-inc-cohu/1604789.html.

Cohu 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)

Receive News & Ratings for Cohu Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cohu Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.