Teachers Advisors LLC lifted its stake in Cohu, Inc. (NASDAQ:COHU) by 16.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 51,909 shares of the semiconductor company’s stock after buying an additional 7,189 shares during the quarter. Teachers Advisors LLC owned about 0.19% of Cohu worth $817,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Louisiana State Employees Retirement System raised its stake 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 buying an additional 200 shares during the period. Arizona State Retirement System raised its stake in shares of Cohu by 1.5% in the second quarter. Arizona State Retirement System now owns 13,226 shares of the semiconductor company’s stock worth $208,000 after buying an additional 200 shares during the period. Texas Permanent School Fund raised its stake in shares of Cohu by 2.7% in the second quarter. Texas Permanent School Fund now owns 18,558 shares of the semiconductor company’s stock worth $292,000 after buying an additional 480 shares during the period. Schwab Charles Investment Management Inc. raised its stake in shares of Cohu by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 101,645 shares of the semiconductor company’s stock worth $1,600,000 after buying an additional 532 shares during the period. Finally, Thrivent Financial For Lutherans raised its stake in shares of Cohu by 6.7% in the first quarter. Thrivent Financial For Lutherans now owns 14,300 shares of the semiconductor company’s stock worth $264,000 after buying an additional 900 shares during the period. 83.53% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Cohu, Inc. (COHU) opened at $24.42 on Monday. 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, Inc. has a 1 year low of $10.96 and a 1 year high of $26.17. The stock has a market capitalization of $682.78, a PE ratio of 18.78 and a beta of 0.89.

Cohu (NASDAQ:COHU) last released its earnings results on Thursday, November 2nd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping the 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 during the quarter, compared to analysts’ expectations of $91.43 million. During the same quarter last year, the business posted $0.14 earnings per share. The firm’s revenue was up 35.2% on a year-over-year basis. analysts forecast that Cohu, Inc. will post 1.35 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, November 17th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 0.98%. The ex-dividend date is Thursday, November 16th. Cohu’s dividend payout ratio is currently 24.49%.

In other Cohu news, Director James A. Donahue sold 36,750 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 443,472 shares in the company, valued at approximately $10,980,366.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, VP Hock Woo Chiang sold 10,844 shares of the firm’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $18.77, for a total value of $203,541.88. Following the transaction, the vice president now owns 90,332 shares of the company’s stock, valued at approximately $1,695,531.64. The disclosure for this sale can be found here. Insiders have sold 197,594 shares of company stock valued at $4,306,222 in the last quarter. 6.46% of the stock is currently owned by company insiders.

Several research analysts have recently commented on COHU shares. ValuEngine raised Cohu from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of Cohu in a research note on Friday, September 1st. Zacks Investment Research upgraded Cohu from a “hold” rating to a “strong-buy” rating and set a $20.00 target price for the company in a research report on Friday, July 14th. BidaskClub upgraded Cohu from a “hold” rating to a “buy” rating in a research report on Wednesday, July 19th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $19.00 target price (up previously from $17.00) on shares of Cohu in a research report on Monday, July 17th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $23.60.

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)

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