Texas Permanent School Fund Boosts Stake in Cohu, Inc. (COHU)
Texas Permanent School Fund raised its stake in Cohu, Inc. (NASDAQ:COHU) by 2.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 18,558 shares of the semiconductor company’s stock after buying an additional 480 shares during the period. Texas Permanent School Fund owned about 0.07% of Cohu worth $292,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the company. Mason Street Advisors LLC boosted its stake in shares of Cohu by 7.6% in 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. Bank of Montreal Can acquired a new stake in shares of Cohu during the second quarter valued at $130,000. Louisiana State Employees Retirement System boosted 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 valued at $164,000 after buying an additional 200 shares in the last quarter. Aperio Group LLC acquired a new stake in shares of Cohu during the second quarter valued at $179,000. Finally, Acrospire Investment Management LLC boosted its stake in shares of Cohu by 101.2% in the first quarter. Acrospire Investment Management LLC now owns 10,666 shares of the semiconductor company’s stock valued at $197,000 after buying an additional 5,366 shares in the last quarter. Institutional investors own 83.91% of the company’s stock.
Cohu, Inc. (NASDAQ:COHU) opened at 17.78 on Wednesday. The firm’s 50-day moving average is $18.07 and its 200 day moving average is $17.65. The stock has a market capitalization of $497.11 million, a price-to-earnings ratio of 25.69 and a beta of 0.88. Cohu, Inc. has a 1-year low of $10.63 and a 1-year high of $21.64.
Cohu (NASDAQ:COHU) last released its earnings results on Thursday, July 27th. The semiconductor company reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.03. The firm had revenue of $93.90 million during the quarter, compared to analyst estimates 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 period in the prior year, the firm posted $0.23 earnings per share. Equities analysts anticipate 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. Investors of record on Friday, August 25th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.24 annualized dividend and a yield of 1.35%. Cohu’s payout ratio is currently 34.78%.
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Several brokerages recently weighed in on COHU. Stifel Nicolaus restated a “hold” rating and issued a $19.00 price target (up previously from $17.00) on shares of Cohu in a research report on Monday, July 17th. BidaskClub upgraded shares of Cohu from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Zacks Investment Research cut shares of Cohu from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 18th. B. Riley reaffirmed a “buy” rating and set a $28.00 price objective on shares of Cohu in a research note on Saturday. Finally, ValuEngine raised shares of Cohu from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. Three analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $22.75.
In related news, Director James A. Donahue sold 75,000 shares of the company’s stock in a transaction 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 completion of the transaction, the director now directly owns 444,049 shares in the company, valued at $7,935,155.63. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 5.97% of the company’s stock.
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.
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