Zacks: Brokerages Expect Cohu, Inc. (COHU) Will Post Quarterly Sales of $92.03 Million

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Equities research analysts forecast that Cohu, Inc. (NASDAQ:COHU) will announce $92.03 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have made estimates for Cohu’s earnings, with the highest sales estimate coming in at $92.10 million and the lowest estimate coming in at $92.00 million. Cohu posted sales of $93.65 million in the same quarter last year, which suggests a negative year-over-year growth rate of 1.7%. The business is expected to announce its next quarterly earnings results on Thursday, November 1st.

According to Zacks, analysts expect that Cohu will report full year sales of $381.00 million for the current financial year. For the next financial year, analysts expect that the firm will report sales of $417.75 million, with estimates ranging from $415.00 million to $420.50 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Cohu.

Cohu (NASDAQ:COHU) last released its quarterly earnings results on Thursday, August 2nd. The semiconductor company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.17. The business had revenue of $99.80 million during the quarter, compared to analysts’ expectations of $99.57 million. Cohu had a return on equity of 15.21% and a net margin of 9.50%. The firm’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.48 EPS.

Several equities analysts have weighed in on the company. ValuEngine cut Cohu from a “buy” rating to a “hold” rating in a report on Friday, September 7th. Zacks Investment Research cut Cohu from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. BidaskClub upgraded Cohu from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 8th. Finally, DA Davidson assumed coverage on Cohu in a report on Monday, September 24th. They set a “buy” rating and a $30.00 price target for the company. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $28.20.

NASDAQ COHU traded down $0.60 during trading on Friday, hitting $20.89. 345,000 shares of the stock traded hands, compared to its average volume of 288,209. The stock has a market capitalization of $634.99 million, a PE ratio of 15.70, a P/E/G ratio of 1.38 and a beta of 0.98. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.66 and a quick ratio of 2.93. Cohu has a 12-month low of $18.60 and a 12-month high of $27.83.

The company also recently declared a quarterly dividend, which will be paid on Friday, October 19th. Shareholders of record on Friday, August 24th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.15%. The ex-dividend date of this dividend is Thursday, August 23rd. Cohu’s dividend payout ratio is presently 17.91%.

In other Cohu news, VP Hock Woo Chiang sold 15,825 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $27.59, for a total transaction of $436,611.75. Following the completion of the transaction, the vice president now owns 71,947 shares in the company, valued at approximately $1,985,017.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 3.88% of the company’s stock.

Several large investors have recently bought and sold shares of COHU. Segall Bryant & Hamill LLC bought a new stake in shares of Cohu in the 2nd quarter valued at approximately $15,004,000. Hood River Capital Management LLC bought a new stake in shares of Cohu in the 2nd quarter valued at approximately $8,790,000. BlackRock Inc. lifted its stake in shares of Cohu by 7.9% in the 1st quarter. BlackRock Inc. now owns 3,993,647 shares of the semiconductor company’s stock valued at $91,096,000 after purchasing an additional 293,537 shares during the last quarter. Boston Advisors LLC lifted its stake in shares of Cohu by 458.2% in the 2nd quarter. Boston Advisors LLC now owns 235,265 shares of the semiconductor company’s stock valued at $5,766,000 after purchasing an additional 193,115 shares during the last quarter. Finally, Northern Trust Corp lifted its stake in shares of Cohu by 43.2% in the 2nd quarter. Northern Trust Corp now owns 635,951 shares of the semiconductor company’s stock valued at $15,586,000 after purchasing an additional 191,710 shares during the last quarter. 97.49% of the stock is owned by institutional investors and hedge funds.

About Cohu

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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