Stratos Wealth Partners LTD. purchased a new position in shares of Cohu, Inc. (NASDAQ:COHU) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 33,606 shares of the semiconductor company’s stock, valued at approximately $844,000. Stratos Wealth Partners LTD. owned approximately 0.12% of Cohu at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the business. BlackRock Inc. lifted its position in Cohu by 2.3% during the 2nd quarter. BlackRock Inc. now owns 4,086,397 shares of the semiconductor company’s stock worth $100,159,000 after buying an additional 92,750 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Cohu by 1.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,404,861 shares of the semiconductor company’s stock worth $58,942,000 after buying an additional 26,142 shares in the last quarter. Royce & Associates LP lifted its position in Cohu by 7.7% during the 2nd quarter. Royce & Associates LP now owns 1,676,535 shares of the semiconductor company’s stock worth $41,092,000 after buying an additional 119,492 shares in the last quarter. Systematic Financial Management LP lifted its position in Cohu by 11.3% during the 2nd quarter. Systematic Financial Management LP now owns 954,870 shares of the semiconductor company’s stock worth $23,404,000 after buying an additional 96,742 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its position in Cohu by 9.0% during the 2nd quarter. Renaissance Technologies LLC now owns 711,100 shares of the semiconductor company’s stock worth $17,429,000 after buying an additional 59,000 shares in the last quarter. 97.54% of the stock is currently owned by hedge funds and other institutional investors.
Several equities research analysts have commented on COHU shares. ValuEngine cut shares of Cohu from a “buy” rating to a “hold” rating in a research report on Friday, September 7th. Stifel Nicolaus upped their target price on shares of Cohu from $29.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, October 2nd. DA Davidson initiated coverage on shares of Cohu in a report on Monday, September 24th. They issued a “buy” rating and a $30.00 target price on the stock. Finally, BidaskClub cut shares of Cohu from a “hold” rating to a “sell” rating in a report on Friday, October 12th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $28.75.
Cohu (NASDAQ:COHU) last issued its earnings results on Monday, November 5th. The semiconductor company reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.08). The firm had revenue of $86.20 million during the quarter, compared to the consensus estimate of $92.03 million. Cohu had a net margin of 8.62% and a return on equity of 13.46%. The firm’s revenue for the quarter was down 8.0% compared to the same quarter last year. During the same period in the previous year, the company posted $0.43 earnings per share. As a group, equities analysts forecast that Cohu, Inc. will post 1.26 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Stockholders of record on Friday, November 16th will be issued a $0.06 dividend. The ex-dividend date is Thursday, November 15th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.27%. Cohu’s payout ratio is 17.91%.
In other news, VP Hock Woo Chiang sold 15,825 shares of the company’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $27.59, for a total value of $436,611.75. Following the sale, the vice president now directly owns 71,947 shares of the company’s stock, valued at approximately $1,985,017.73. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 3.88% of the stock is currently owned by corporate insiders.
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Cohu, Inc, through its subsidiaries, engages in the development, manufacture, sale, and servicing of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, and thermal sub-systems for semiconductor manufacturers and test subcontractors worldwide.
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