The Manufacturers Life Insurance Company boosted its position in Cohu, Inc. (NASDAQ:COHU) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 21,696 shares of the semiconductor company’s stock after purchasing an additional 207 shares during the period. The Manufacturers Life Insurance Company owned about 0.08% of Cohu worth $342,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of COHU. Cubist Systematic Strategies LLC lifted its position in shares of Cohu by 34.9% during the second quarter. Cubist Systematic Strategies LLC now owns 16,410 shares of the semiconductor company’s stock worth $258,000 after acquiring an additional 4,243 shares in the last quarter. State Street Corp lifted its position in shares of Cohu by 3.4% during the second quarter. State Street Corp now owns 662,390 shares of the semiconductor company’s stock worth $10,426,000 after acquiring an additional 21,666 shares in the last quarter. Sensato Investors LLC lifted its position in shares of Cohu by 41.1% during the second quarter. Sensato Investors LLC now owns 234,701 shares of the semiconductor company’s stock worth $3,694,000 after acquiring an additional 68,308 shares in the last quarter. Royal Bank of Canada lifted its position in shares of Cohu by 30.8% during the second quarter. Royal Bank of Canada now owns 24,815 shares of the semiconductor company’s stock worth $391,000 after acquiring an additional 5,845 shares in the last quarter. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of Cohu during the second quarter worth $197,000. Institutional investors and hedge funds own 83.27% of the company’s stock.

COHU has been the topic of several recent research reports. B. Riley increased their target price on Cohu from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Zacks Investment Research upgraded Cohu from a “hold” rating to a “strong-buy” rating and set a $29.00 target price on the stock in a research report on Tuesday, November 7th. ValuEngine downgraded Cohu from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. BidaskClub downgraded Cohu from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Finally, Needham & Company LLC restated a “buy” rating and set a $24.00 target price on shares of Cohu in a research report on Friday, October 27th. Two investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $25.40.

Shares of Cohu, Inc. (COHU) opened at $21.99 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.62 and a quick ratio of 2.89. Cohu, Inc. has a 12-month low of $11.90 and a 12-month high of $26.17. The stock has a market capitalization of $643.84, a price-to-earnings ratio of 17.51 and a beta of 0.85.

Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.04. Cohu had a return on equity of 14.67% and a net margin of 8.26%. The company had revenue of $93.70 million for the quarter, compared to the consensus estimate of $91.43 million. During the same quarter last year, the business posted $0.14 earnings per share. The firm’s revenue was up 35.2% compared to the same quarter last year. analysts expect that Cohu, Inc. will post 1.37 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Investors of record on Friday, November 17th will be given a $0.06 dividend. The ex-dividend date is Thursday, November 16th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.09%. Cohu’s dividend payout ratio (DPR) is presently 24.49%.

In related news, VP Hock Woo Chiang sold 10,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $24.78, for a total value of $247,800.00. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, VP Jeffrey D. Jones sold 25,000 shares of the stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $24.75, for a total value of $618,750.00. Following the completion of the sale, the vice president now owns 198,081 shares in the company, valued at approximately $4,902,504.75. The disclosure for this sale can be found here. Insiders sold 231,750 shares of company stock worth $5,217,830 in the last quarter. 6.46% of the stock is currently owned by company insiders.

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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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Institutional Ownership by Quarter for Cohu (NASDAQ:COHU)

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