Campbell & CO Investment Adviser LLC Takes Position in Cohu, Inc. (COHU)
Campbell & CO Investment Adviser LLC purchased a new stake in Cohu, Inc. (NASDAQ:COHU) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 14,573 shares of the semiconductor company’s stock, valued at approximately $229,000. Campbell & CO Investment Adviser LLC owned about 0.05% of Cohu as of its most recent filing with the SEC.
Other large investors have also recently made changes to their positions in the company. Suntrust Banks Inc. purchased a new stake in shares of Cohu during the first quarter valued at approximately $420,000. Prudential Financial Inc. raised its stake in Cohu by 135.5% in the first quarter. Prudential Financial Inc. now owns 119,410 shares of the semiconductor company’s stock worth $2,204,000 after buying an additional 68,700 shares during the period. Oxford Asset Management bought a new stake in Cohu during the first quarter worth about $2,917,000. Wells Fargo & Company MN raised its stake in Cohu by 102.4% in the first quarter. Wells Fargo & Company MN now owns 64,062 shares of the semiconductor company’s stock worth $1,182,000 after buying an additional 32,408 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Cohu by 1.0% in the first quarter. Bank of New York Mellon Corp now owns 409,994 shares of the semiconductor company’s stock worth $7,568,000 after buying an additional 4,032 shares during the period. Institutional investors own 81.22% of the company’s stock.
Shares of Cohu, Inc. (COHU) traded up 0.98% on Friday, reaching $17.43. The company had a trading volume of 137,669 shares. Cohu, Inc. has a 52-week low of $10.37 and a 52-week high of $21.64. The firm has a market capitalization of $487.33 million, a PE ratio of 25.19 and a beta of 0.88. The company has a 50-day moving average price of $17.68 and a 200-day moving average price of $17.33.
Cohu (NASDAQ:COHU) last posted its earnings results on Thursday, July 27th. The semiconductor company reported $0.42 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.03. The company had revenue of $93.90 million for the quarter, compared to analyst estimates of $92.91 million. Cohu had a return on equity of 11.59% and a net margin of 6.21%. The business’s revenue was up 22.9% compared to the same quarter last year. During the same period last year, the company earned $0.23 earnings per share. Equities research analysts forecast that Cohu, Inc. will post $1.54 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, August 25th will be paid 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 1.38%. Cohu’s payout ratio is presently 34.78%.
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COHU has been the subject of a number of recent research reports. B. Riley reiterated a “buy” rating and issued a $25.00 target price on shares of Cohu in a research note on Saturday, July 15th. ValuEngine upgraded Cohu from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. BidaskClub upgraded Cohu from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Dougherty & Co increased their target price on Cohu from $23.50 to $24.00 and gave the company a “buy” rating in a research note on Friday, July 28th. Finally, Zacks Investment Research lowered Cohu from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 18th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $22.75.
In other news, Director James A. Donahue sold 75,000 shares of Cohu stock in a transaction dated Wednesday, August 2nd. The stock was sold at an average price of $17.87, for a total value of $1,340,250.00. Following the transaction, the director now directly owns 444,049 shares in the company, valued at $7,935,155.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Fellenberg Ian Von sold 2,639 shares of Cohu stock in a transaction dated Tuesday, May 30th. The stock was sold at an average price of $18.21, for a total value of $48,056.19. The disclosure for this sale can be found here. Insiders sold 102,639 shares of company stock worth $1,841,056 over the last quarter. 5.97% of the stock is currently owned by corporate insiders.
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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