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.
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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