Royce & Associates LP increased its holdings in shares of Cohu, Inc. (NASDAQ:COHU) by 2.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,067,533 shares of the semiconductor company’s stock after purchasing an additional 25,019 shares during the period. Royce & Associates LP’s holdings in Cohu were worth $23,432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC purchased a new position in shares of Cohu during the third quarter worth $102,000. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Cohu during the third quarter worth $106,000. Palouse Capital Management Inc. purchased a new position in shares of Cohu during the third quarter worth $202,000. Crossmark Global Holdings Inc. purchased a new position in shares of Cohu during the third quarter worth $209,000. Finally, LS Investment Advisors LLC raised its holdings in shares of Cohu by 1,003.4% during the fourth quarter. LS Investment Advisors LLC now owns 9,302 shares of the semiconductor company’s stock worth $204,000 after purchasing an additional 8,459 shares during the last quarter. 82.72% of the stock is owned by hedge funds and other institutional investors.
COHU has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Cohu from a “hold” rating to a “strong-buy” rating and set a $29.00 price target on the stock in a research report on Tuesday, November 7th. B. Riley dropped their price target on shares of Cohu from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Needham & Company LLC restated a “buy” rating and set a $24.00 price target on shares of Cohu in a research report on Friday, October 27th. BidaskClub lowered shares of Cohu from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Finally, ValuEngine upgraded shares of Cohu from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Cohu currently has a consensus rating of “Hold” and a consensus target price of $25.20.
Shares of Cohu, Inc. (NASDAQ COHU) opened at $19.36 on Wednesday. The company has a market cap of $546.24, a price-to-earnings ratio of 14.20 and a beta of 0.91. The company has a current ratio of 3.49, a quick ratio of 2.76 and a debt-to-equity ratio of 0.02. Cohu, Inc. has a 52-week low of $15.55 and a 52-week high of $26.17.
Cohu (NASDAQ:COHU) last released its quarterly earnings results on Thursday, February 15th. The semiconductor company reported $0.28 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.03). The firm had revenue of $84.09 million for the quarter, compared to analyst estimates of $84.20 million. Cohu had a net margin of 9.31% and a return on equity of 14.63%. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 EPS. equities analysts expect that Cohu, Inc. will post 1.55 EPS for the current year.
The company 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 dividend of $0.06 per share. The ex-dividend date is Monday, February 26th. This represents a $0.24 annualized dividend and a yield of 1.24%. Cohu’s dividend payout ratio is presently 21.24%.
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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