Cohu, Inc. (COHU) Issues Quarterly Earnings Results
Cohu, Inc. (NASDAQ:COHU) announced its quarterly earnings data on Thursday. The semiconductor company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.04, Bloomberg Earnings reports. The firm had revenue of $93.70 million during the quarter, compared to analysts’ expectations of $91.43 million. Cohu had a return on equity of 11.59% and a net margin of 6.21%. The company’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 EPS.
Several equities analysts have weighed in on the company. B. Riley reaffirmed a “buy” rating and issued a $25.00 price objective on shares of Cohu in a report on Thursday, July 20th. BidaskClub raised Cohu from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $19.00 price objective (up from $17.00) on shares of Cohu in a 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 price objective for the company in a 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. Cohu has a consensus rating of “Buy” and an average price target of $23.00.
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In other news, VP Hock Woo Chiang sold 10,844 shares of the firm’s 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 of the company’s stock, valued at $1,695,531.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director James A. Donahue sold 75,000 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $18.72, for a total value of $1,404,000.00. Following the transaction, the director now directly owns 444,049 shares in the company, valued at $8,312,597.28. The disclosure for this sale can be found here. Insiders have sold 197,594 shares of company stock worth $4,306,222 in the last 90 days. Company insiders own 6.46% of the company’s stock.
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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