Cohu, Inc. (COHU) Expected to Announce Quarterly Sales of $91.50 Million
Equities research analysts expect Cohu, Inc. (NASDAQ:COHU) to post sales of $91.50 million for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Cohu’s earnings. Cohu reported sales of $69.26 million during the same quarter last year, which indicates a positive year over year growth rate of 32.1%. The firm is scheduled to issue its next quarterly earnings report on Thursday, October 26th.
On average, analysts expect that Cohu will report full year sales of $91.50 million for the current year, with estimates ranging from $349.00 million to $351.00 million. For the next financial year, analysts expect that the firm will report sales of $380.00 million per share, with estimates ranging from $370.00 million to $390.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Cohu.
Cohu (NASDAQ:COHU) last released its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.42 EPS for the quarter, topping the consensus estimate of $0.39 by $0.03. Cohu had a return on equity of 11.59% and a net margin of 6.21%. The company had revenue of $93.90 million during the quarter, compared to the consensus estimate of $92.91 million. During the same period last year, the company earned $0.23 EPS. Cohu’s revenue for the quarter was up 22.9% on a year-over-year basis.
COHU has been the subject of a number of research analyst reports. B. Riley reiterated a “buy” rating and issued a $28.00 price target on shares of Cohu in a research note on Friday, July 28th. Dougherty & Co increased their price target on Cohu from $23.50 to $24.00 and gave the company a “buy” rating in a research note on Friday, July 28th. ValuEngine cut Cohu from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. BidaskClub upgraded Cohu from a “hold” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, Zacks Investment Research upgraded Cohu from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a research note on Friday, July 14th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Cohu currently has an average rating of “Buy” and a consensus price target of $23.00.
In other news, VP Hock Woo Chiang sold 10,844 shares of the stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $18.77, for a total value of $203,541.88. Following the transaction, the vice president now directly owns 90,332 shares of the company’s stock, valued at $1,695,531.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director James A. Donahue sold 75,000 shares of the stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $17.87, for a total value of $1,340,250.00. Following the completion of the transaction, the director now directly owns 444,049 shares in the company, valued at $7,935,155.63. The disclosure for this sale can be found here. Insiders sold 235,844 shares of company stock worth $4,736,542 over the last three months. Corporate insiders own 5.97% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Public Employees Retirement System of Ohio acquired a new position in shares of Cohu in the second quarter valued at about $383,000. Delphi Management Inc. MA acquired a new position in shares of Cohu in the second quarter valued at about $713,000. The Manufacturers Life Insurance Company increased its holdings in shares of Cohu by 1.0% in the second quarter. The Manufacturers Life Insurance Company now owns 21,696 shares of the semiconductor company’s stock valued at $342,000 after purchasing an additional 207 shares during the period. Cubist Systematic Strategies LLC increased its holdings in shares of Cohu by 34.9% in the second quarter. Cubist Systematic Strategies LLC now owns 16,410 shares of the semiconductor company’s stock valued at $258,000 after purchasing an additional 4,243 shares during the period. Finally, State Street Corp increased its holdings in shares of Cohu by 3.4% in the second quarter. State Street Corp now owns 662,390 shares of the semiconductor company’s stock valued at $10,426,000 after purchasing an additional 21,666 shares during the period. 83.86% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Cohu (NASDAQ COHU) opened at 24.19 on Thursday. The company has a 50-day moving average price of $21.07 and a 200 day moving average price of $18.89. Cohu has a 12-month low of $10.72 and a 12-month high of $24.72. The company has a market capitalization of $676.33 million, a P/E ratio of 34.96 and a beta of 0.92.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, August 25th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend is Wednesday, August 23rd. Cohu’s dividend payout ratio is presently 34.78%.
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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