First Trust Advisors LP Buys New Holdings in Cohu, Inc. (COHU)

First Trust Advisors LP bought a new stake in Cohu, Inc. (NASDAQ:COHU) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 27,673 shares of the semiconductor company’s stock, valued at approximately $660,000. First Trust Advisors LP owned 0.10% of Cohu at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA increased its holdings in shares of Cohu by 67.7% in the second quarter. BNP Paribas Arbitrage SA now owns 8,085 shares of the semiconductor company’s stock valued at $127,000 after purchasing an additional 3,264 shares during the period. Bank of Montreal Can acquired a new position in shares of Cohu in the second quarter valued at approximately $130,000. Louisiana State Employees Retirement System increased its holdings in shares of Cohu by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the semiconductor company’s stock valued at $164,000 after purchasing an additional 200 shares during the period. Aperio Group LLC acquired a new position in shares of Cohu in the second quarter valued at approximately $179,000. Finally, PNC Financial Services Group Inc. increased its holdings in shares of Cohu by 14.9% in the second quarter. PNC Financial Services Group Inc. now owns 12,452 shares of the semiconductor company’s stock valued at $197,000 after purchasing an additional 1,613 shares during the period. 83.22% of the stock is currently owned by institutional investors and hedge funds.

In related news, VP Jeffrey D. Jones sold 25,000 shares of the company’s stock in a transaction on Wednesday, November 8th. The stock was sold at an average price of $24.75, for a total transaction of $618,750.00. Following the transaction, the vice president now owns 198,081 shares of the company’s stock, valued at $4,902,504.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James A. Donahue sold 36,750 shares of the company’s stock in a transaction 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 transaction, the director now directly owns 443,472 shares in the company, valued at approximately $10,980,366.72. The disclosure for this sale can be found here. Insiders have sold 156,750 shares of company stock worth $3,813,830 in the last ninety days. 6.46% of the stock is currently owned by corporate insiders.

COHU has been the topic of a number of recent research reports. Needham & Company LLC raised Cohu from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Monday, September 18th. B. Riley reissued a “buy” rating and issued a $28.00 target price on shares of Cohu in a report on Saturday, August 26th. ValuEngine lowered Cohu from a “strong-buy” rating to a “buy” rating in a report on Monday, October 2nd. Zacks Investment Research lowered Cohu from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. Finally, BidaskClub raised Cohu from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Two analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $25.40.

Cohu, Inc. (NASDAQ COHU) opened at $22.40 on Friday. Cohu, Inc. has a twelve month low of $12.64 and a twelve month high of $26.17. The firm has a market capitalization of $620.07, a price-to-earnings ratio of 16.86 and a beta of 0.84. 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 (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.43 earnings per share 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 firm had revenue of $93.70 million for the quarter, compared to analyst estimates of $91.43 million. During the same quarter in the prior year, the company posted $0.14 earnings per share. Cohu’s quarterly revenue was up 35.2% on a year-over-year basis. 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 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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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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