Airain ltd trimmed its holdings in shares of Cohu, Inc. (NASDAQ:COHU) by 8.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,268 shares of the semiconductor company’s stock after selling 1,072 shares during the quarter. Airain ltd’s holdings in Cohu were worth $177,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Louisiana State Employees Retirement System increased its position in shares of Cohu by 2.0% during the first quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the semiconductor company’s stock valued at $188,000 after acquiring an additional 200 shares during the last quarter. Arizona State Retirement System increased its position in shares of Cohu by 1.6% during the first quarter. Arizona State Retirement System now owns 13,026 shares of the semiconductor company’s stock valued at $240,000 after acquiring an additional 200 shares during the last quarter. Mason Street Advisors LLC increased its position in shares of Cohu by 7.6% during the first quarter. Mason Street Advisors LLC now owns 5,839 shares of the semiconductor company’s stock valued at $108,000 after acquiring an additional 411 shares during the last quarter. Texas Permanent School Fund increased its position in shares of Cohu by 2.7% during the second 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 during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Cohu by 0.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 101,645 shares of the semiconductor company’s stock valued at $1,600,000 after acquiring an additional 532 shares during the last quarter. 83.91% of the stock is owned by institutional investors.

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In related news, VP Hock Woo Chiang sold 10,844 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $18.77, for a total value of $203,541.88. Following the transaction, the vice president now directly owns 90,332 shares of the company’s stock, valued at approximately $1,695,531.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director James A. Donahue sold 75,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $17.87, for a total transaction of $1,340,250.00. Following the sale, the director now owns 444,049 shares of the company’s stock, valued at $7,935,155.63. The disclosure for this sale can be found here. Insiders sold a total of 160,844 shares of company stock worth $2,947,792 over the last ninety days. 5.97% of the stock is currently owned by insiders.

Shares of Cohu, Inc. (NASDAQ COHU) opened at 18.36 on Monday. Cohu, Inc. has a 12 month low of $10.72 and a 12 month high of $21.64. The stock has a market capitalization of $513.33 million, a P/E ratio of 26.53 and a beta of 0.88. The company’s 50 day moving average price is $18.20 and its 200-day moving average price is $17.97.

Cohu (NASDAQ:COHU) last released its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.03. The business had revenue of $93.90 million for the quarter, compared to analysts’ expectations of $92.91 million. Cohu had a return on equity of 11.59% and a net margin of 6.21%. The firm’s quarterly revenue was up 22.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.23 EPS. Equities analysts predict that Cohu, Inc. will post $1.54 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, August 25th will be given a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.24 annualized dividend and a yield of 1.31%. Cohu’s dividend payout ratio (DPR) is presently 34.78%.

A number of analysts recently commented on the company. ValuEngine raised Cohu from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of Cohu in a research report on Friday, September 1st. B. Riley reaffirmed a “buy” rating and set a $28.00 price target on shares of Cohu in a research report on Saturday, August 26th. Zacks Investment Research raised Cohu from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a research report on Monday, August 21st. Finally, BidaskClub raised Cohu from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Three research analysts have rated the stock with a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $22.75.

Cohu Profile

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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Institutional Ownership by Quarter for Cohu (NASDAQ:COHU)

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