Municipal Employees Retirement System of Michigan Holds Stake in Cohu, Inc. (COHU)

Municipal Employees Retirement System of Michigan continued to hold its position in shares of Cohu, Inc. (NASDAQ:COHU) during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 60,320 shares of the semiconductor company’s stock at the end of the first quarter. Municipal Employees Retirement System of Michigan’s holdings in Cohu were worth $1,113,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in COHU. Mason Street Advisors LLC raised its position in shares of Cohu by 7.6% in the first quarter. Mason Street Advisors LLC now owns 5,839 shares of the semiconductor company’s stock worth $108,000 after buying an additional 411 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Cohu by 6.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 13,400 shares of the semiconductor company’s stock worth $186,000 after buying an additional 770 shares during the last quarter. Louisiana State Employees Retirement System raised its position in shares of Cohu by 2.0% in the first quarter. Louisiana State Employees Retirement System now owns 10,200 shares of the semiconductor company’s stock worth $188,000 after buying an additional 200 shares during the last quarter. Acrospire Investment Management LLC raised its position in shares of Cohu by 101.2% in the first quarter. Acrospire Investment Management LLC now owns 10,666 shares of the semiconductor company’s stock worth $197,000 after buying an additional 5,366 shares during the last quarter. Finally, Airain ltd purchased a new position in shares of Cohu during the first quarter worth $228,000. Hedge funds and other institutional investors own 84.00% of the company’s stock.

Institutional Ownership by Quarter for Cohu (NASDAQ:COHU)

Shares of Cohu, Inc. (NASDAQ:COHU) traded down 4.4489% on Monday, reaching $18.1356. The company’s stock had a trading volume of 145,416 shares. The stock has a market capitalization of $495.65 million, a P/E ratio of 44.3413 and a beta of 0.87. The company has a 50 day moving average of $18.94 and a 200 day moving average of $16.04. Cohu, Inc. has a 1-year low of $10.01 and a 1-year high of $21.64.

Cohu (NASDAQ:COHU) last posted its earnings results on Thursday, April 27th. The semiconductor company reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.19 by $0.12. The company had revenue of $81.10 million for the quarter, compared to the consensus estimate of $78.30 million. Cohu had a return on equity of 8.63% and a net margin of 3.94%. Cohu’s quarterly revenue was up 23.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.06 earnings per share. Equities research analysts expect that Cohu, Inc. will post $1.45 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 28th. Shareholders of record on Friday, June 16th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, June 14th. This represents a $0.24 dividend on an annualized basis and a yield of 1.26%. Cohu’s payout ratio is 55.82%.

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A number of research analysts have weighed in on COHU shares. Zacks Investment Research upgraded Cohu from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective on the stock in a report on Thursday, May 4th. Needham & Company LLC restated a “hold” rating on shares of Cohu in a report on Friday, February 17th. Finally, B. Riley restated a “buy” rating and issued a $25.00 price objective on shares of Cohu in a report on Wednesday, May 3rd.

In other Cohu news, CEO Luis A. Muller sold 50,000 shares of the business’s stock in a transaction on Tuesday, May 2nd. The stock was sold at an average price of $20.18, for a total transaction of $1,009,000.00. Following the sale, the chief executive officer now directly owns 370,936 shares in the company, valued at $7,485,488.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Chairman James A. Donahue sold 25,000 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $18.11, for a total value of $452,750.00. Following the sale, the chairman now owns 431,328 shares in the company, valued at $7,811,350.08. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 240,110 shares of company stock worth $4,637,918. 5.97% of the stock is owned by company 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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