Numeric Investors LLC Invests $1.93 Million in Cohu, Inc. (COHU) Stock
Numeric Investors LLC acquired a new position in shares of Cohu, Inc. (NASDAQ:COHU) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 122,400 shares of the semiconductor company’s stock, valued at approximately $1,927,000. Numeric Investors LLC owned approximately 0.44% of Cohu as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently modified their holdings of COHU. Wells Fargo & Company MN lifted its holdings in Cohu by 102.4% during the 1st quarter. Wells Fargo & Company MN now owns 64,062 shares of the semiconductor company’s stock worth $1,182,000 after purchasing an additional 32,408 shares in the last quarter. Great West Life Assurance Co. Can raised its holdings in shares of Cohu by 8.0% in the 1st quarter. Great West Life Assurance Co. Can now owns 37,796 shares of the semiconductor company’s stock valued at $697,000 after acquiring an additional 2,812 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in shares of Cohu by 1.0% in the 1st quarter. Bank of New York Mellon Corp now owns 409,994 shares of the semiconductor company’s stock valued at $7,568,000 after acquiring an additional 4,032 shares in the last quarter. State of Tennessee Treasury Department raised its holdings in shares of Cohu by 17.8% in the 1st quarter. State of Tennessee Treasury Department now owns 24,124 shares of the semiconductor company’s stock valued at $445,000 after acquiring an additional 3,641 shares in the last quarter. Finally, Mason Street Advisors LLC raised its holdings in shares of Cohu by 7.6% in the 1st quarter. Mason Street Advisors LLC now owns 5,839 shares of the semiconductor company’s stock valued at $108,000 after acquiring an additional 411 shares in the last quarter. 83.86% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have weighed in on COHU shares. ValuEngine raised Cohu from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. Zacks Investment Research raised Cohu from a “hold” rating to a “strong-buy” rating and set a $20.00 price target on the stock in a report on Monday, August 21st. BidaskClub raised Cohu from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cohu in a report on Friday, September 1st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $19.00 price target (up previously from $17.00) on shares of Cohu in a report on Monday, July 17th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Cohu currently has a consensus rating of “Buy” and an average target price of $23.00.
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Cohu, Inc. (NASDAQ COHU) opened at 23.81 on Friday. The company has a market capitalization of $639.23 million, a price-to-earnings ratio of 212.59 and a beta of 0.92. The company’s 50-day moving average price is $20.52 and its 200 day moving average price is $18.73. Cohu, Inc. has a 52-week low of $10.72 and a 52-week high of $24.72.
Cohu (NASDAQ:COHU) last released its earnings results on Thursday, July 27th. The semiconductor company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The firm had revenue of $93.90 million for 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 company’s quarterly revenue was up 22.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.23 earnings per share. On average, equities analysts expect that Cohu, Inc. will post $1.54 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, August 25th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.01%. Cohu’s dividend payout ratio is 34.78%.
In other 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 transaction, the vice president now owns 90,332 shares of the company’s stock, valued at $1,695,531.64. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James A. Donahue sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, October 3rd. The shares were 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. In the last ninety days, insiders have sold 235,844 shares of company stock worth $4,736,542. Insiders own 5.97% of the company’s stock.
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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