OxFORD Asset Management LLP lowered its stake in Cohu, Inc. (NASDAQ:COHU) by 18.3% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 161,045 shares of the semiconductor company’s stock after selling 36,143 shares during the quarter. OxFORD Asset Management LLP owned about 0.57% of Cohu worth $3,828,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of the company. Ameriprise Financial Inc. boosted its holdings in Cohu by 326.9% in the second quarter. Ameriprise Financial Inc. now owns 684,149 shares of the semiconductor company’s stock valued at $10,769,000 after purchasing an additional 523,887 shares during the last quarter. Systematic Financial Management LP boosted its holdings in Cohu by 20.6% in the second quarter. Systematic Financial Management LP now owns 843,310 shares of the semiconductor company’s stock valued at $13,274,000 after purchasing an additional 143,783 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Cohu by 10.1% in the first quarter. Vanguard Group Inc. now owns 1,407,360 shares of the semiconductor company’s stock valued at $25,980,000 after purchasing an additional 129,316 shares during the last quarter. Numeric Investors LLC purchased a new position in Cohu in the second quarter valued at about $1,927,000. Finally, AJO LP boosted its holdings in Cohu by 73.4% in the second quarter. AJO LP now owns 210,071 shares of the semiconductor company’s stock valued at $3,307,000 after purchasing an additional 88,949 shares during the last quarter. Institutional investors and hedge funds own 83.22% of the company’s stock.

A number of brokerages recently commented on COHU. B. Riley reissued a “buy” rating and issued a $28.00 price target on shares of Cohu in a report on Monday, August 21st. Zacks Investment Research raised Cohu from a “hold” rating to a “strong-buy” rating and set a $29.00 target price on the stock in a report on Tuesday, November 7th. ValuEngine downgraded Cohu from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. BidaskClub raised Cohu from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $24.00 target price on shares of Cohu in a report on Friday, October 27th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $25.40.

In related news, Director James A. Donahue sold 36,750 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $24.76, for a total value of $909,930.00. Following the sale, the director now owns 443,472 shares of the company’s stock, valued at approximately $10,980,366.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Hock Woo Chiang sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $24.78, for a total value of $247,800.00. The disclosure for this sale can be found here. In the last three months, insiders sold 156,750 shares of company stock worth $3,813,830. Company insiders own 6.46% of the company’s stock.

Cohu, Inc. (NASDAQ COHU) opened at $22.40 on Friday. The company has a current ratio of 3.62, a quick ratio of 2.89 and a debt-to-equity ratio of 0.02. Cohu, Inc. has a 1-year low of $12.64 and a 1-year high of $26.17. The company has a market capitalization of $620.07, a P/E ratio of 16.86 and a beta of 0.84.

Cohu (NASDAQ:COHU) last released its earnings results on Thursday, November 2nd. The semiconductor company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates 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 EPS. Cohu’s quarterly revenue was up 35.2% compared to the same quarter last year. sell-side analysts expect that Cohu, Inc. will post 1.37 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, November 17th will be issued a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.07%. The ex-dividend date of this dividend is Thursday, November 16th. Cohu’s dividend payout ratio is presently 24.49%.

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About Cohu

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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