Legal & General Group Plc grew its holdings in shares of Cohu, Inc. (NASDAQ:COHU) by 40.2% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,454 shares of the semiconductor company’s stock after purchasing an additional 24,778 shares during the quarter. Legal & General Group Plc owned about 0.21% of Cohu worth $1,382,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of COHU. BlackRock Inc. boosted its position in Cohu by 41.3% during the fourth quarter. BlackRock Inc. now owns 5,929,905 shares of the semiconductor company’s stock worth $95,294,000 after purchasing an additional 1,732,556 shares during the period. Dimensional Fund Advisors LP boosted its position in Cohu by 31.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,170,908 shares of the semiconductor company’s stock worth $50,956,000 after purchasing an additional 754,127 shares during the period. Ceredex Value Advisors LLC boosted its position in shares of Cohu by 392.0% in the fourth quarter. Ceredex Value Advisors LLC now owns 588,883 shares of the semiconductor company’s stock valued at $9,496,000 after acquiring an additional 469,183 shares during the period. LSV Asset Management boosted its position in shares of Cohu by 77.7% in the fourth quarter. LSV Asset Management now owns 565,573 shares of the semiconductor company’s stock valued at $9,088,000 after acquiring an additional 247,373 shares during the period. Finally, United Services Automobile Association bought a new position in shares of Cohu in the fourth quarter valued at approximately $3,854,000. Hedge funds and other institutional investors own 91.92% of the company’s stock.
COHU has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Cohu from a “hold” rating to a “sell” rating in a research report on Friday. Stifel Nicolaus lowered shares of Cohu from a “buy” rating to a “hold” rating and cut their price objective for the company from $30.00 to $20.00 in a research report on Wednesday, January 23rd. B. Riley restated a “buy” rating on shares of Cohu in a research report on Tuesday, March 5th. DA Davidson restated a “buy” rating on shares of Cohu in a research report on Wednesday, March 13th. Finally, ValuEngine lowered shares of Cohu from a “hold” rating to a “sell” rating in a research report on Thursday, April 11th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. Cohu has a consensus rating of “Hold” and a consensus price target of $24.00.
Cohu (NASDAQ:COHU) last released its quarterly earnings data on Tuesday, March 12th. The semiconductor company reported $0.15 EPS for the quarter, beating analysts’ consensus estimates of $0.13 by $0.02. Cohu had a negative net margin of 7.12% and a positive return on equity of 10.84%. The company had revenue of $170.64 million during the quarter, compared to analyst estimates of $173.50 million. Equities research analysts predict that Cohu, Inc. will post 0.39 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Tuesday, February 26th were given a $0.06 dividend. The ex-dividend date was Monday, February 25th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.62%. Cohu’s dividend payout ratio (DPR) is currently 19.35%.
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Cohu, Inc, through its subsidiaries, provides semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, thermal sub-systems, semiconductor automated test equipment (ATE), and bare board printed circuit board (PCB) test systems for semiconductor and electronics manufacturers, and test subcontractors worldwide.
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