Stratos Wealth Partners LTD. bought a new position in shares of Cohu, Inc. (NASDAQ:COHU) during the third quarter, HoldingsChannel reports. The firm bought 33,606 shares of the semiconductor company’s stock, valued at approximately $844,000.
Several other large investors have also made changes to their positions in the business. Segall Bryant & Hamill LLC acquired a new stake in shares of Cohu during the 2nd quarter worth approximately $15,004,000. Hood River Capital Management LLC acquired a new stake in shares of Cohu during the 2nd quarter worth approximately $8,790,000. Boston Advisors LLC boosted its position in shares of Cohu by 458.2% during the 2nd quarter. Boston Advisors LLC now owns 235,265 shares of the semiconductor company’s stock worth $5,766,000 after acquiring an additional 193,115 shares in the last quarter. Northern Trust Corp boosted its position in shares of Cohu by 43.2% during the 2nd quarter. Northern Trust Corp now owns 635,951 shares of the semiconductor company’s stock worth $15,586,000 after acquiring an additional 191,710 shares in the last quarter. Finally, Northpointe Capital LLC acquired a new stake in shares of Cohu during the 2nd quarter worth approximately $3,348,000. Hedge funds and other institutional investors own 97.54% of the company’s stock.
In other Cohu news, VP Hock Woo Chiang sold 15,825 shares of the firm’s stock in a transaction that occurred on 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 owns 71,947 shares in the company, valued at $1,985,017.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.88% of the company’s stock.
Shares of Cohu stock opened at $18.86 on Friday. Cohu, Inc. has a fifty-two week low of $17.60 and a fifty-two week high of $27.83. The company has a current ratio of 3.58, a quick ratio of 2.93 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $527.66 million, a price-to-earnings ratio of 14.07, a P/E/G ratio of 1.15 and a beta of 1.29.
Cohu (NASDAQ:COHU) last issued its earnings results on Monday, November 5th. The semiconductor company reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.08). Cohu had a net margin of 8.62% and a return on equity of 13.46%. The company had revenue of $86.20 million during the quarter, compared to analyst estimates of $92.03 million. During the same quarter in the prior year, the business earned $0.43 EPS. The business’s quarterly revenue was down 8.0% on a year-over-year basis. Equities analysts anticipate that Cohu, Inc. will post 1.26 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, November 16th will be given a $0.06 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $0.24 dividend on an annualized basis and a yield of 1.27%. Cohu’s dividend payout ratio is currently 17.91%.
Several analysts recently issued reports on the stock. ValuEngine lowered shares of Cohu from a “hold” rating to a “sell” rating in a research report on Monday, September 17th. BidaskClub upgraded shares of Cohu from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 8th. DA Davidson reduced their price target on shares of Cohu to $28.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, Stifel Nicolaus increased their price target on shares of Cohu from $29.00 to $30.00 and gave the stock a “buy” rating in a research report on Tuesday, October 2nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $28.75.
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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