Cohu, Inc. (COHU) to Release Earnings on Thursday
Cohu, Inc. (NASDAQ:COHU) will be posting its quarterly earnings results after the market closes on Thursday, November 2nd. Analysts expect Cohu to post earnings of $0.39 per share for the quarter.
Cohu (NASDAQ:COHU) last released its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.39 by $0.03. The business had revenue of $93.90 million for the quarter, compared to analyst estimates of $92.91 million. Cohu had a return on equity of 11.59% and a net margin of 6.21%. Cohu’s revenue was up 22.9% compared to the same quarter last year. During the same period last year, the firm posted $0.23 earnings per share. On average, analysts expect Cohu to post $1.54 EPS for the current fiscal year and $1.71 EPS for the next fiscal year.
Shares of Cohu, Inc. (COHU) opened at 24.95 on Thursday. Cohu, Inc. has a 1-year low of $10.76 and a 1-year high of $25.34. The firm has a market capitalization of $697.58 million, a price-to-earnings ratio of 36.05 and a beta of 0.92. The company has a 50-day moving average price of $22.83 and a 200 day moving average price of $19.38.
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 transaction of $203,541.88. Following the transaction, the vice president now directly owns 90,332 shares in the company, valued at approximately $1,695,531.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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 transaction, the director now owns 444,049 shares in the company, valued at $7,935,155.63. The disclosure for this sale can be found here. Insiders have sold a total of 235,844 shares of company stock worth $4,736,542 over the last quarter. Corporate insiders own 6.46% of the company’s stock.
A number of brokerages have weighed in on COHU. B. Riley restated a “buy” rating and issued a $28.00 target price on shares of Cohu in a research note on Friday, July 28th. BidaskClub upgraded Cohu from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Dougherty & Co upped their target price on Cohu from $23.50 to $24.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $19.00 target price (up from $17.00) on shares of Cohu in a research note on Monday, July 17th. Three investment analysts have rated the stock with a hold rating and five have issued 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.
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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