Stone Ridge Asset Management LLC Reduces Stake in Cohu, Inc. (COHU)

Stone Ridge Asset Management LLC lowered its position in shares of Cohu, Inc. (NASDAQ:COHU) by 43.2% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 14,050 shares of the semiconductor company’s stock after selling 10,674 shares during the period. Stone Ridge Asset Management LLC’s holdings in Cohu were worth $226,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. BlackRock Inc. lifted its holdings in shares of 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 buying an additional 1,732,556 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in Cohu by 31.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,170,908 shares of the semiconductor company’s stock valued at $50,956,000 after purchasing an additional 754,127 shares in the last quarter. Vanguard Group Inc. raised its stake in Cohu by 1.7% in the third quarter. Vanguard Group Inc. now owns 1,634,987 shares of the semiconductor company’s stock valued at $41,038,000 after purchasing an additional 27,776 shares in the last quarter. Vanguard Group Inc raised its stake in Cohu by 1.7% in the third quarter. Vanguard Group Inc now owns 1,634,987 shares of the semiconductor company’s stock valued at $41,038,000 after purchasing an additional 27,776 shares in the last quarter. Finally, Northern Trust Corp raised its stake in Cohu by 20.8% in the fourth quarter. Northern Trust Corp now owns 851,731 shares of the semiconductor company’s stock valued at $13,686,000 after purchasing an additional 146,814 shares in the last quarter. 91.92% of the stock is owned by institutional investors.

Cohu stock opened at $15.13 on Tuesday. Cohu, Inc. has a 12-month low of $14.08 and a 12-month high of $27.83. 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 $601.98 million, a price-to-earnings ratio of 11.52, a price-to-earnings-growth ratio of 3.81 and a beta of 1.39.

Cohu (NASDAQ:COHU) last released its earnings results on Tuesday, March 12th. The semiconductor company reported $0.15 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.02. Cohu had a positive return on equity of 10.84% and a negative net margin of 7.12%. The firm had revenue of $170.64 million for the quarter, compared to analysts’ expectations of $173.50 million. As a group, equities analysts anticipate that Cohu, Inc. will post 0.39 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Tuesday, February 26th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date of this dividend is Monday, February 25th. Cohu’s dividend payout ratio is presently 19.35%.

A number of research firms recently commented on COHU. BidaskClub downgraded Cohu from a “hold” rating to a “sell” rating in a research note on Tuesday, December 11th. ValuEngine raised Cohu from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. Zacks Investment Research raised Cohu from a “strong sell” rating to a “hold” rating in a research note on Thursday, January 3rd. B. Riley reaffirmed a “buy” rating and issued a $24.00 price target (down previously from $26.00) on shares of Cohu in a research note on Wednesday, March 13th. Finally, TheStreet downgraded Cohu from a “b-” rating to a “c” rating in a research note on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. Cohu has an average rating of “Hold” and a consensus price target of $24.75.

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Cohu Company Profile

Cohu, Inc, through its subsidiaries, engages in the development, manufacture, sale, and servicing of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, and thermal sub-systems for semiconductor manufacturers and test subcontractors worldwide.

Read More: SEC Filing

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Institutional Ownership by Quarter for Cohu (NASDAQ:COHU)

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