Cohu, Inc. (COHU) Expected to Announce Earnings of $0.31 Per Share
Analysts expect Cohu, Inc. (NASDAQ:COHU) to announce earnings per share (EPS) of $0.31 for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Cohu’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.32. Cohu reported earnings of $0.24 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 29.2%. The business is scheduled to issue its next quarterly earnings report on Thursday, February 15th.
According to Zacks, analysts expect that Cohu will report full-year earnings of $1.58 per share for the current year, with EPS estimates ranging from $1.56 to $1.59. For the next fiscal year, analysts forecast that the company will report earnings of $1.75 per share, with EPS estimates ranging from $1.73 to $1.76. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that cover Cohu.
Cohu (NASDAQ:COHU) last released its earnings results on Thursday, November 2nd. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.04. The company had revenue of $93.70 million for the quarter, compared to the consensus estimate of $91.43 million. Cohu had a net margin of 8.26% and a return on equity of 14.67%. Cohu’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.14 EPS.
Shares of Cohu (COHU) traded up $0.14 during mid-day trading on Thursday, reaching $21.92. 208,100 shares of the company’s stock were exchanged, compared to its average volume of 245,914. The company has a market cap of $616.11, a price-to-earnings ratio of 16.75 and a beta of 0.84. The company has a quick ratio of 2.89, a current ratio of 3.62 and a debt-to-equity ratio of 0.02. Cohu has a fifty-two week low of $12.60 and a fifty-two week high of $26.17.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Stockholders of record on Friday, November 17th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.24 annualized dividend and a dividend yield of 1.09%. Cohu’s payout ratio is 24.49%.
In related news, Director Steven J. Bilodeau sold 10,000 shares of the stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $24.86, for a total transaction of $248,600.00. Following the completion of the transaction, the director now owns 95,184 shares in the company, valued at $2,366,274.24. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director James A. Donahue sold 36,750 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $24.76, for a total transaction of $909,930.00. Following the transaction, the director now owns 443,472 shares of the company’s stock, valued at approximately $10,980,366.72. The disclosure for this sale can be found here. In the last quarter, insiders sold 156,750 shares of company stock valued at $3,813,830. Company insiders own 6.46% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC grew its position in Cohu by 34.9% during the second quarter. Cubist Systematic Strategies LLC now owns 16,410 shares of the semiconductor company’s stock valued at $258,000 after buying an additional 4,243 shares during the period. Swiss National Bank grew its position in Cohu by 10.8% during the second quarter. Swiss National Bank now owns 46,141 shares of the semiconductor company’s stock valued at $726,000 after buying an additional 4,500 shares during the period. AJO LP grew its position in Cohu by 73.4% during the second quarter. AJO LP now owns 210,071 shares of the semiconductor company’s stock valued at $3,307,000 after buying an additional 88,949 shares during the period. Bank of America Corp DE lifted its holdings in Cohu by 38.4% during the first quarter. Bank of America Corp DE now owns 43,752 shares of the semiconductor company’s stock valued at $808,000 after purchasing an additional 12,147 shares during the last quarter. Finally, Texas Permanent School Fund lifted its holdings in Cohu by 2.7% during the second quarter. Texas Permanent School Fund now owns 18,558 shares of the semiconductor company’s stock valued at $292,000 after purchasing an additional 480 shares during the last quarter. Institutional investors own 83.22% of the company’s stock.
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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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