Laurion Capital Management LP Purchases New Holdings in Cohu, Inc. (COHU)
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.
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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