Algert Global LLC bought a new stake in shares of Cohu Inc. (NASDAQ:COHU) during the third quarter, Holdings Channel reports. The fund bought 15,414 shares of the company’s stock, valued at approximately $181,000. Algert Global LLC owned about 0.06% of Cohu as of its most recent filing with the SEC.
Other institutional investors also recently added to or reduced their stakes in the company. Systematic Financial Management LP boosted its position in Cohu by 6.7% in the second quarter. Systematic Financial Management LP now owns 700,412 shares of the company’s stock valued at $7,599,000 after buying an additional 44,119 shares during the last quarter. SECOR Capital Advisors LP boosted its position in Cohu by 31.4% in the second quarter. SECOR Capital Advisors LP now owns 56,482 shares of the company’s stock valued at $613,000 after buying an additional 13,513 shares during the last quarter. Nationwide Fund Advisors boosted its position in Cohu by 14.5% in the second quarter. Nationwide Fund Advisors now owns 123,967 shares of the company’s stock valued at $1,345,000 after buying an additional 15,713 shares during the last quarter. Ameriprise Financial Inc. boosted its position in Cohu by 3.9% in the second quarter. Ameriprise Financial Inc. now owns 158,135 shares of the company’s stock valued at $1,715,000 after buying an additional 5,958 shares during the last quarter. Finally, Royce & Associates LP boosted its position in Cohu by 0.6% in the second quarter. Royce & Associates LP now owns 972,593 shares of the company’s stock valued at $10,553,000 after buying an additional 6,000 shares during the last quarter. 82.24% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Cohu Inc. (NASDAQ:COHU) traded down 0.31% during trading on Friday, hitting $12.81. 24,152 shares of the stock traded hands. Cohu Inc. has a 1-year low of $10.01 and a 1-year high of $13.32. The company has a 50 day moving average of $11.48 and a 200-day moving average of $11.31. The company has a market cap of $342.17 million, a PE ratio of 116.45 and a beta of 0.84.
Cohu (NASDAQ:COHU) last issued its earnings results on Thursday, October 27th. The company reported $0.14 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.06 by $0.08. Cohu had a net margin of 1.06% and a return on equity of 3.04%. The company had revenue of $69.30 million for the quarter, compared to the consensus estimate of $67.95 million. During the same quarter in the previous year, the company earned $0.17 EPS. The firm’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, equities analysts anticipate that Cohu Inc. will post $0.50 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 2nd. Stockholders of record on Friday, November 18th will be paid a $0.06 dividend. The ex-dividend date is Wednesday, November 16th. This represents a $0.24 annualized dividend and a dividend yield of 1.87%. Cohu’s dividend payout ratio is presently 218.20%.
Several equities analysts have recently issued reports on the stock. B. Riley reaffirmed a “buy” rating and issued a $14.00 price objective on shares of Cohu in a research note on Friday, October 28th. Zacks Investment Research raised shares of Cohu from a “sell” rating to a “hold” rating in a research note on Tuesday, August 9th. Finally, TheStreet raised shares of Cohu from a “hold” rating to a “buy” rating in a research note on Tuesday, November 22nd.
In other news, Director William Bendush sold 6,000 shares of the business’s stock in a transaction on Friday, November 18th. The shares were sold at an average price of $12.14, for a total value of $72,840.00. The sale was disclosed in a filing with the SEC, which is available at this link. 5.97% of the stock is currently owned by insiders.
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. The Company develops, manufactures, sells and services a line of equipment capable of handling a range of integrated circuits and light-emitting diodes (LEDs).