$0.39 EPS Expected for Cohu, Inc. (COHU) This Quarter
Wall Street brokerages forecast that Cohu, Inc. (NASDAQ:COHU) will report earnings of $0.39 per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Cohu’s earnings. The lowest EPS estimate is $0.37 and the highest is $0.41. Cohu posted earnings of $0.14 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 178.6%. The business is scheduled to announce its next quarterly earnings results on Thursday, October 26th.
On average, analysts expect that Cohu will report full-year earnings of $1.53 per share for the current year, with EPS estimates ranging from $1.50 to $1.57. For the next year, analysts expect that the business will post earnings of $1.71 per share, with EPS estimates ranging from $1.65 to $1.76. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Cohu.
Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.42 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.03. The company had revenue of $93.90 million during the quarter, compared to analysts’ expectations of $92.91 million. Cohu had a return on equity of 11.59% and a net margin of 6.21%. Cohu’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 earnings per share.
A number of research analysts recently commented on the company. B. Riley reiterated a “buy” rating and issued a $25.00 price objective on shares of Cohu in a report on Thursday, July 20th. BidaskClub upgraded Cohu from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Stifel Nicolaus reissued a “hold” rating and issued a $19.00 target price (up previously from $17.00) on shares of Cohu in a research report on Monday, July 17th. Finally, Zacks Investment Research raised Cohu from a “hold” rating to a “strong-buy” rating and set a $20.00 target price on the stock in a research report on Friday, July 14th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $23.00.
In other Cohu news, Director James A. Donahue sold 75,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $17.87, for a total value of $1,340,250.00. Following the sale, the director now owns 444,049 shares of the company’s stock, valued at $7,935,155.63. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Hock Woo Chiang sold 10,844 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $18.77, for a total value of $203,541.88. Following the completion of the sale, the vice president now directly owns 90,332 shares in the company, valued at approximately $1,695,531.64. The disclosure for this sale can be found here. In the last three months, insiders sold 235,844 shares of company stock worth $4,736,542. 5.97% of the stock is owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Mason Street Advisors LLC raised its position in Cohu by 7.6% in the first quarter. Mason Street Advisors LLC now owns 5,839 shares of the semiconductor company’s stock valued at $108,000 after purchasing an additional 411 shares during the period. BNP Paribas Arbitrage SA raised its position in Cohu by 67.7% in the second quarter. BNP Paribas Arbitrage SA now owns 8,085 shares of the semiconductor company’s stock valued at $127,000 after purchasing an additional 3,264 shares during the period. Bank of Montreal Can purchased a new stake in Cohu in the second quarter valued at approximately $130,000. Louisiana State Employees Retirement System raised its position in Cohu by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the semiconductor company’s stock valued at $164,000 after purchasing an additional 200 shares during the period. Finally, Aperio Group LLC purchased a new stake in Cohu in the second quarter valued at approximately $179,000. 83.86% of the stock is currently owned by institutional investors.
Cohu (NASDAQ COHU) traded down 0.50% during mid-day trading on Tuesday, reaching $23.89. The company had a trading volume of 185,855 shares. Cohu has a 52 week low of $10.72 and a 52 week high of $24.72. The firm has a market capitalization of $667.94 million, a PE ratio of 34.52 and a beta of 0.91. The stock’s 50-day moving average price is $20.89 and its 200 day moving average price is $18.86.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, August 25th will be given a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Wednesday, August 23rd. Cohu’s payout ratio is 34.78%.
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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