Schwab Charles Investment Management Inc. grew its position in Cohu, Inc. (NASDAQ:COHU) by 60.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 194,648 shares of the semiconductor company’s stock after buying an additional 73,541 shares during the period. Schwab Charles Investment Management Inc. owned 0.69% of Cohu worth $4,273,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of COHU. The Manufacturers Life Insurance Company raised its stake in Cohu by 1.0% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,696 shares of the semiconductor company’s stock worth $342,000 after acquiring an additional 207 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in Cohu by 10.9% in the third quarter. Public Employees Retirement System of Ohio now owns 26,971 shares of the semiconductor company’s stock valued at $643,000 after purchasing an additional 2,647 shares during the period. Great West Life Assurance Co. Can increased its stake in Cohu by 7.1% in the third quarter. Great West Life Assurance Co. Can now owns 40,496 shares of the semiconductor company’s stock valued at $954,000 after purchasing an additional 2,700 shares during the period. Delphi Management Inc. MA boosted its holdings in shares of Cohu by 6.0% in the third quarter. Delphi Management Inc. MA now owns 48,014 shares of the semiconductor company’s stock valued at $1,145,000 after acquiring an additional 2,735 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in shares of Cohu by 6.8% in the third quarter. Rhumbline Advisers now owns 56,473 shares of the semiconductor company’s stock valued at $1,346,000 after acquiring an additional 3,600 shares in the last quarter. 86.09% of the stock is owned by institutional investors and hedge funds.
COHU has been the topic of a number of research analyst reports. B. Riley decreased their price objective on shares of Cohu from $31.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, February 16th. ValuEngine upgraded shares of Cohu from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Dougherty & Co reissued a “buy” rating on shares of Cohu in a research report on Wednesday, February 21st. BidaskClub raised shares of Cohu from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st. Finally, Zacks Investment Research downgraded shares of Cohu from a “hold” rating to a “sell” rating in a research note on Friday, February 23rd. One equities research 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. The stock has an average rating of “Hold” and an average target price of $25.20.
COHU traded down $0.23 on Friday, reaching $22.41. The company had a trading volume of 191,052 shares, compared to its average volume of 212,395. The firm has a market capitalization of $639.85, a PE ratio of 16.72, a P/E/G ratio of 1.87 and a beta of 0.94. The company has a quick ratio of 2.76, a current ratio of 3.49 and a debt-to-equity ratio of 0.02. Cohu, Inc. has a one year low of $15.55 and a one year 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 Thomson Reuters’ consensus estimate of $0.31 by ($0.03). Cohu had a net margin of 9.31% and a return on equity of 14.63%. The business had revenue of $84.09 million for the quarter, compared to the consensus estimate of $84.20 million. During the same quarter last year, the business posted $0.24 EPS. The business’s revenue for the quarter was up 19.0% on a year-over-year basis. equities analysts expect that Cohu, Inc. will post 1.5 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Tuesday, February 27th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Monday, February 26th. Cohu’s payout ratio is 17.91%.
In other news, Director Robert L. Ciardella sold 5,000 shares of the stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $19.53, for a total value of $97,650.00. Following the completion of the sale, the director now directly owns 80,887 shares of the company’s stock, valued at $1,579,723.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 6.46% of the company’s stock.
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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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