Ameriprise Financial Inc. increased its holdings in shares of Cohu, Inc. (NASDAQ:COHU) by 326.9% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 684,149 shares of the semiconductor company’s stock after acquiring an additional 523,887 shares during the period. Ameriprise Financial Inc. owned about 2.45% of Cohu worth $10,769,000 at the end of the most recent reporting period.
Other institutional investors have also modified their holdings of the company. Prudential Financial Inc. boosted its position in shares of Cohu by 135.5% during the 1st quarter. Prudential Financial Inc. now owns 119,410 shares of the semiconductor company’s stock valued at $2,204,000 after acquiring an additional 68,700 shares in the last quarter. Wells Fargo & Company MN boosted its position in shares of Cohu by 102.4% during the 1st quarter. Wells Fargo & Company MN now owns 64,062 shares of the semiconductor company’s stock valued at $1,182,000 after acquiring an additional 32,408 shares in the last quarter. Bank of America Corp DE boosted its position in shares of Cohu by 38.4% during the 1st quarter. Bank of America Corp DE now owns 43,752 shares of the semiconductor company’s stock valued at $808,000 after acquiring an additional 12,147 shares in the last quarter. Texas Permanent School Fund boosted its position in shares of Cohu by 2.7% during the 2nd quarter. Texas Permanent School Fund now owns 18,558 shares of the semiconductor company’s stock valued at $292,000 after acquiring an additional 480 shares in the last quarter. Finally, AJO LP boosted its position in shares of Cohu by 73.4% during the 2nd quarter. AJO LP now owns 210,071 shares of the semiconductor company’s stock valued at $3,307,000 after acquiring an additional 88,949 shares in the last quarter. Institutional investors and hedge funds own 83.86% of the company’s stock.
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In other news, Director James A. Donahue sold 75,000 shares of the stock in a transaction dated Tuesday, October 3rd. The shares were sold at an average price of $23.85, for a total value of $1,788,750.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Hock Woo Chiang sold 10,844 shares of the stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $18.77, for a total transaction of $203,541.88. Following the completion of the transaction, the vice president now directly 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 sold 235,844 shares of company stock valued at $4,736,542 in the last three months. Company insiders own 5.97% of the company’s stock.
Several analysts have recently weighed in on the stock. B. Riley reiterated a “buy” rating and set a $28.00 target price on shares of Cohu in a research report on Wednesday, August 2nd. ValuEngine downgraded shares of Cohu from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub downgraded shares of Cohu from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Finally, Zacks Investment Research downgraded shares of Cohu from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $23.00.
Cohu, Inc. (COHU) opened at 24.19 on Thursday. The company has a market capitalization of $676.33 million, a P/E ratio of 34.96 and a beta of 0.92. The firm has a 50 day moving average of $21.07 and a 200-day moving average of $18.89. Cohu, Inc. has a 52 week low of $10.72 and a 52 week high of $24.72.
Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The firm had revenue of $93.90 million for the quarter, compared to the consensus estimate of $92.91 million. Cohu had a net margin of 6.21% and a return on equity of 11.59%. The business’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share. On average, analysts forecast that Cohu, Inc. will post $1.54 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, August 25th will be paid a dividend of $0.06 per share. The ex-dividend date is Wednesday, August 23rd. This represents a $0.24 dividend on an annualized basis and a yield of 0.99%. Cohu’s payout ratio is 34.78%.
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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