Cohu, Inc. (COHU) Holdings Reduced by Barclays PLC

Barclays PLC lowered its stake in shares of Cohu, Inc. (NASDAQ:COHU) by 26.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,907 shares of the semiconductor company’s stock after selling 8,415 shares during the period. Barclays PLC owned about 0.06% of Cohu worth $383,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the business. Pearl River Capital LLC bought a new position in shares of Cohu during the 4th quarter worth about $26,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Cohu by 43.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,387 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 722 shares during the period. Flinton Capital Management LLC increased its stake in Cohu by 27.6% in the fourth quarter. Flinton Capital Management LLC now owns 4,592 shares of the semiconductor company’s stock valued at $74,000 after acquiring an additional 992 shares during the period. Pacer Advisors Inc. increased its stake in Cohu by 296.4% in the third quarter. Pacer Advisors Inc. now owns 4,400 shares of the semiconductor company’s stock valued at $110,000 after acquiring an additional 3,290 shares during the period. Finally, SG Americas Securities LLC bought a new stake in Cohu in the fourth quarter valued at about $122,000. 91.90% of the stock is owned by institutional investors.

A number of analysts recently weighed in on COHU shares. Zacks Investment Research raised shares of Cohu from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 3rd. BidaskClub raised shares of Cohu from a “sell” rating to a “hold” rating in a research note on Saturday, January 12th. Stifel Nicolaus cut shares of Cohu from a “buy” rating to a “hold” rating and lowered their target price for the company from $30.00 to $20.00 in a research note on Wednesday, January 23rd. ValuEngine raised shares of Cohu from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Finally, B. Riley reaffirmed a “buy” rating on shares of Cohu in a research note on Tuesday, March 5th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $24.00.

Cohu stock traded up $0.28 during trading hours on Friday, hitting $14.72. 290,165 shares of the stock were exchanged, compared to its average volume of 280,362. The company has a current ratio of 3.02, a quick ratio of 2.15 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $600.83 million, a price-to-earnings ratio of 11.87, a P/E/G ratio of 3.83 and a beta of 1.39. Cohu, Inc. has a 12 month low of $14.08 and a 12 month high of $27.83.

Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Tuesday, March 12th. The semiconductor company reported $0.15 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 firm had revenue of $170.64 million for the quarter, compared to analysts’ expectations of $173.50 million. As a group, equities research analysts predict that Cohu, Inc. will post 0.39 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Tuesday, February 26th were given a dividend of $0.06 per share. The ex-dividend date was Monday, February 25th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.63%. Cohu’s payout ratio is 19.35%.

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About Cohu

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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Institutional Ownership by Quarter for Cohu (NASDAQ:COHU)

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