PDT Partners LLC Purchases 25,922 Shares of Cohu, Inc. (COHU)
PDT Partners LLC raised its position in Cohu, Inc. (NASDAQ:COHU) by 37.5% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,084 shares of the semiconductor company’s stock after acquiring an additional 25,922 shares during the period. PDT Partners LLC owned about 0.34% of Cohu worth $1,497,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Mason Street Advisors LLC raised its holdings in Cohu by 7.6% in the 1st 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 in the last quarter. BNP Paribas Arbitrage SA raised its holdings in Cohu by 67.7% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,085 shares of the semiconductor company’s stock valued at $127,000 after acquiring an additional 3,264 shares in the last quarter. Bank of Montreal Can acquired a new position in Cohu in the 2nd quarter valued at approximately $130,000. Louisiana State Employees Retirement System raised its holdings in Cohu by 2.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the semiconductor company’s stock valued at $164,000 after acquiring an additional 200 shares in the last quarter. Finally, Aperio Group LLC acquired a new position in Cohu in the 2nd quarter valued at approximately $179,000. 83.86% of the stock is owned by hedge funds and other institutional investors.
COHU has been the subject of several recent research reports. ValuEngine raised Cohu from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. 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 report on Monday, August 21st. BidaskClub raised Cohu from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cohu in a report on Friday, September 1st. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $19.00 price target (up previously from $17.00) on shares of Cohu in a report on Monday, July 17th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Cohu presently has an average rating of “Buy” and a consensus price target of $23.00.
In other news, VP Hock Woo Chiang sold 10,844 shares of Cohu stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $18.77, for a total value of $203,541.88. Following the completion of the sale, the vice president now directly owns 90,332 shares in the company, valued at $1,695,531.64. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director James A. Donahue sold 75,000 shares of Cohu stock in a transaction that occurred 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 completion of 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. Over the last quarter, insiders sold 235,844 shares of company stock valued at $4,736,542. 5.97% of the stock is owned by company insiders.
Shares of Cohu, Inc. (COHU) opened at 23.97 on Thursday. Cohu, Inc. has a 1-year low of $10.72 and a 1-year high of $24.72. The company has a market capitalization of $670.18 million, a price-to-earnings ratio of 34.64 and a beta of 0.92. The stock has a 50 day moving average price of $20.18 and a 200 day moving average price of $18.65.
Cohu (NASDAQ:COHU) last released its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.42 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. Cohu had a net margin of 6.21% and a return on equity of 11.59%. The company had revenue of $93.90 million during the quarter, compared to the consensus estimate of $92.91 million. During the same period in the previous year, the business earned $0.23 earnings per share. The firm’s quarterly revenue was up 22.9% on a year-over-year basis. Analysts forecast that Cohu, Inc. will post $1.54 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.00%. Cohu’s payout ratio is 34.78%.
Cohu Company 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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