Wall Street analysts forecast that Cohu, Inc. (NASDAQ:COHU) will post earnings of $0.38 per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Cohu’s earnings. Cohu reported earnings per share of $0.43 during the same quarter last year, which would indicate a negative year-over-year growth rate of 11.6%. The firm is scheduled to announce its next quarterly earnings results on Thursday, November 1st.
On average, analysts expect that Cohu will report full-year earnings of $1.77 per share for the current financial year, with EPS estimates ranging from $1.75 to $1.79. For the next financial year, analysts expect that the firm will report earnings of $1.97 per share, with EPS estimates ranging from $1.90 to $2.04. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that cover Cohu.
Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Thursday, August 2nd. The semiconductor company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.17. The firm had revenue of $99.80 million for the quarter, compared to analysts’ expectations of $99.57 million. Cohu had a net margin of 9.50% and a return on equity of 15.21%. The company’s quarterly revenue was up 6.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 earnings per share.
Several analysts have weighed in on COHU shares. BidaskClub cut shares of Cohu from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 18th. ValuEngine raised shares of Cohu from a “hold” rating to a “buy” rating in a research note on Friday, June 1st. Stifel Nicolaus cut shares of Cohu from a “buy” rating to a “hold” rating in a research note on Monday, May 28th. Finally, Zacks Investment Research cut shares of Cohu from a “buy” rating to a “hold” rating in a research note on Tuesday, July 10th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $27.00.
In other news, VP Hock Woo Chiang sold 15,825 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $27.59, for a total transaction of $436,611.75. Following the transaction, the vice president now directly owns 71,947 shares in the company, valued at $1,985,017.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 3.88% of the stock is currently owned by corporate insiders.
Several hedge funds have recently made changes to their positions in COHU. SG Americas Securities LLC lifted its position in shares of Cohu by 44.6% during the first quarter. SG Americas Securities LLC now owns 7,342 shares of the semiconductor company’s stock worth $167,000 after purchasing an additional 2,263 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Cohu by 19.8% during the first quarter. American Century Companies Inc. now owns 82,303 shares of the semiconductor company’s stock worth $1,877,000 after purchasing an additional 13,612 shares in the last quarter. Swiss National Bank lifted its position in shares of Cohu by 5.9% during the first quarter. Swiss National Bank now owns 48,841 shares of the semiconductor company’s stock worth $1,114,000 after purchasing an additional 2,700 shares in the last quarter. LSV Asset Management lifted its position in shares of Cohu by 26.9% during the first quarter. LSV Asset Management now owns 297,795 shares of the semiconductor company’s stock worth $6,792,000 after purchasing an additional 63,095 shares in the last quarter. Finally, Afam Capital Inc. acquired a new position in shares of Cohu during the first quarter worth approximately $2,628,000. Institutional investors own 98.42% of the company’s stock.
Cohu stock traded down $0.62 during trading hours on Friday, hitting $23.99. 251,200 shares of the stock were exchanged, compared to its average volume of 258,442. The company has a current ratio of 3.66, a quick ratio of 2.93 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $746.79 million, a price-to-earnings ratio of 17.90 and a beta of 1.00. Cohu has a 12 month low of $18.31 and a 12 month high of $27.83.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 19th. Shareholders of record on Friday, August 24th will be paid a dividend of $0.06 per share. The ex-dividend date is Thursday, August 23rd. This represents a $0.24 annualized dividend and a yield of 1.00%. Cohu’s dividend payout ratio is 17.91%.
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.
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