Kennedy Capital Management Inc. bought a new position in shares of Cohu, Inc. (NASDAQ:COHU) in the first quarter, Holdings Channel reports. The firm bought 201,200 shares of the semiconductor company’s stock, valued at approximately $2,968,000.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in COHU. BlackRock Inc. boosted its position in shares of Cohu by 1.2% during the first quarter. BlackRock Inc. now owns 6,003,651 shares of the semiconductor company’s stock worth $88,556,000 after purchasing an additional 73,746 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Cohu by 4.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,318,739 shares of the semiconductor company’s stock valued at $48,951,000 after acquiring an additional 147,831 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in Cohu in the 4th quarter valued at $40,927,000. Royce & Associates LP lifted its position in Cohu by 0.5% in the 1st quarter. Royce & Associates LP now owns 998,168 shares of the semiconductor company’s stock valued at $14,723,000 after acquiring an additional 4,842 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in Cohu by 60.1% in the 1st quarter. JPMorgan Chase & Co. now owns 979,279 shares of the semiconductor company’s stock valued at $14,444,000 after acquiring an additional 367,438 shares in the last quarter. 91.62% of the stock is owned by hedge funds and other institutional investors.
Several equities research analysts recently commented on COHU shares. B. Riley reaffirmed a “buy” rating and issued a $24.00 price objective (down from $26.00) on shares of Cohu in a research report on Wednesday, March 13th. DA Davidson reaffirmed a “buy” rating on shares of Cohu in a research report on Wednesday, March 13th. Stifel Nicolaus raised shares of Cohu from a “hold” rating to a “buy” rating and boosted their price objective for the company from $18.50 to $22.00 in a research report on Tuesday, May 7th. TheStreet cut shares of Cohu from a “b-” rating to a “c” rating in a research report on Wednesday, March 13th. Finally, Zacks Investment Research raised shares of Cohu from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $24.67.
In other news, VP Jeffrey D. Jones acquired 4,000 shares of the stock in a transaction dated Thursday, May 23rd. The shares were bought at an average cost of $14.35 per share, for a total transaction of $57,400.00. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director William Bendush sold 3,000 shares of the business’s stock in a transaction dated Monday, May 13th. The stock was sold at an average price of $16.52, for a total transaction of $49,560.00. The disclosure for this sale can be found here. Insiders own 3.52% of the company’s stock.
COHU opened at $16.46 on Friday. The company has a current ratio of 3.22, a quick ratio of 2.27 and a debt-to-equity ratio of 0.70. Cohu, Inc. has a 12 month low of $14.08 and a 12 month high of $27.83. The firm has a market capitalization of $668.58 million, a P/E ratio of 18.95, a P/E/G ratio of 4.99 and a beta of 1.28.
Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Monday, May 6th. The semiconductor company reported ($0.10) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.01). Cohu had a positive return on equity of 6.17% and a negative net margin of 12.48%. The business had revenue of $147.81 million for the quarter, compared to the consensus estimate of $145.00 million. During the same period last year, the firm earned $0.36 earnings per share. The company’s quarterly revenue was up 55.3% compared to the same quarter last year. As a group, equities analysts forecast that Cohu, Inc. will post 0.33 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, June 14th will be given a dividend of $0.06 per share. The ex-dividend date is Thursday, June 13th. This represents a $0.24 annualized dividend and a yield of 1.46%. Cohu’s dividend payout ratio (DPR) is presently 19.35%.
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Cohu, Inc, through its subsidiaries, provides semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, thermal sub-systems, semiconductor automated test equipment (ATE), and bare board printed circuit board (PCB) test systems for semiconductor and electronics manufacturers, and test subcontractors worldwide.
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