Sensato Investors LLC decreased its holdings in shares of Cohu, Inc. (NASDAQ:COHU) by 18.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 192,180 shares of the semiconductor company’s stock after selling 42,621 shares during the quarter. Sensato Investors LLC owned approximately 0.68% of Cohu worth $4,218,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in Cohu during the 3rd quarter valued at $102,000. Cornerstone Capital Management Holdings LLC. bought a new position in Cohu during the 3rd quarter worth $106,000. Crossmark Global Holdings Inc. bought a new position in Cohu during the 3rd quarter worth $209,000. LS Investment Advisors LLC increased its position in Cohu by 1,003.4% during the 4th quarter. LS Investment Advisors LLC now owns 9,302 shares of the semiconductor company’s stock worth $204,000 after buying an additional 8,459 shares during the period. Finally, Teacher Retirement System of Texas bought a new position in Cohu during the 4th quarter worth $215,000. 86.16% of the stock is owned by institutional investors and hedge funds.
Cohu, Inc. (NASDAQ COHU) opened at $22.15 on Wednesday. The company has a current ratio of 3.49, a quick ratio of 2.76 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $636.72, a price-to-earnings ratio of 19.60, a price-to-earnings-growth ratio of 1.87 and a beta of 1.00. Cohu, Inc. has a 12-month low of $15.55 and a 12-month high of $26.17.
Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Thursday, February 15th. The semiconductor company reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.03). Cohu had a return on equity of 14.63% and a net margin of 9.31%. The firm had revenue of $84.09 million for the quarter, compared to the consensus estimate of $84.20 million. During the same quarter in the previous year, the business earned $0.24 EPS. The firm’s quarterly revenue was up 19.0% on a year-over-year basis. sell-side analysts forecast that Cohu, Inc. will post 1.49 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Tuesday, February 27th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date is Monday, February 26th. Cohu’s payout ratio is currently 21.24%.
In related news, Director Robert L. Ciardella sold 5,000 shares of the firm’s stock in a transaction on Friday, February 23rd. The stock was sold at an average price of $19.53, for a total value of $97,650.00. Following the transaction, the director now owns 80,887 shares in the company, valued at $1,579,723.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.46% of the stock is currently owned by company insiders.
Several research analysts have weighed in on COHU shares. Zacks Investment Research cut Cohu from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. ValuEngine upgraded Cohu from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. BidaskClub cut Cohu from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. B. Riley lowered their price objective on Cohu from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Finally, Dougherty & Co reiterated a “buy” rating on shares of Cohu in a research report on Wednesday, February 21st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $25.20.
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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