Wall Street analysts forecast that Cohu, Inc. (NASDAQ:COHU) will report $91.50 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Cohu’s earnings. Cohu posted sales of $69.26 million during the same quarter last year, which would indicate a positive year over year growth rate of 32.1%. The firm is expected to report its next quarterly earnings results after the market closes on Thursday, November 2nd.

According to Zacks, 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 calculations are a mean average based on a survey of research firms that that provide coverage for Cohu.

COHU has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Cohu from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective for the company in a research report on Monday, August 21st. ValuEngine cut shares of Cohu from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $24.00 price objective on shares of Cohu in a research report on Friday, October 27th. BidaskClub raised shares of Cohu from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $19.00 price objective (up from $17.00) on shares of Cohu in a research report on Monday, July 17th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $23.00.

In related news, Director James A. Donahue sold 75,000 shares of Cohu stock in a transaction on Tuesday, September 5th. The shares were sold at an average price of $18.72, for a total transaction of $1,404,000.00. Following the sale, the director now directly owns 444,049 shares in the company, valued at approximately $8,312,597.28. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Hock Woo Chiang sold 10,844 shares of Cohu stock in a transaction on Thursday, August 31st. The stock was sold at an average price of $18.77, for a total transaction of $203,541.88. Following the sale, the vice president now owns 90,332 shares in the company, valued at $1,695,531.64. The disclosure for this sale can be found here. Insiders have sold a total of 160,844 shares of company stock worth $3,396,292 over the last quarter. 6.46% of the stock is owned by company insiders.

Large investors have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA raised its stake in Cohu by 67.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,085 shares of the semiconductor company’s stock worth $127,000 after acquiring an additional 3,264 shares in the last quarter. Bank of Montreal Can acquired a new stake in Cohu during the 2nd quarter worth $130,000. Palouse Capital Management Inc. acquired a new stake in Cohu during the 3rd quarter worth $202,000. Crossmark Global Holdings Inc. acquired a new stake in Cohu during the 3rd quarter worth $209,000. Finally, Louisiana State Employees Retirement System raised its stake in Cohu by 2.0% during the 2nd quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the semiconductor company’s stock worth $164,000 after acquiring an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 83.41% of the company’s stock.

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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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