Cohu, Inc. (COHU) Expected to Announce Quarterly Sales of $84.20 Million

Analysts expect Cohu, Inc. (NASDAQ:COHU) to post $84.20 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Cohu’s earnings. The highest sales estimate is $84.40 million and the lowest is $84.00 million. Cohu posted sales of $70.69 million during the same quarter last year, which suggests a positive year over year growth rate of 19.1%. The company is expected to issue its next quarterly earnings results on Thursday, February 15th.

According to Zacks, analysts expect that Cohu will report full-year sales of $84.20 million for the current year, with estimates ranging from $352.60 million to $353.00 million. For the next fiscal year, analysts expect that the firm will report sales of $384.30 million per share, with estimates ranging from $377.00 million to $391.60 million. Zacks Investment Research’s sales averages are an average based on a survey of research firms that cover Cohu.

Cohu (NASDAQ:COHU) last posted its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.04. Cohu had a return on equity of 14.67% and a net margin of 8.26%. The company had revenue of $93.70 million for the quarter, compared to analysts’ expectations of $91.43 million. During the same period last year, the firm earned $0.14 earnings per share. Cohu’s quarterly revenue was up 35.2% on a year-over-year basis.

A number of analysts have recently commented on the company. B. Riley lifted their target price on Cohu from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Needham & Company LLC reiterated a “buy” rating and set a $24.00 target price on shares of Cohu in a research report on Friday, October 27th. Zacks Investment Research upgraded Cohu from a “hold” rating to a “strong-buy” rating and set a $29.00 target price on the stock in a research report on Tuesday, November 7th. Finally, ValuEngine cut Cohu from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $25.40.

In related news, VP Jeffrey D. Jones sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $24.75, for a total transaction of $618,750.00. Following the transaction, the vice president now owns 198,081 shares of the company’s stock, valued at $4,902,504.75. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Steven J. Bilodeau sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $24.86, for a total value of $248,600.00. Following the transaction, the director now directly owns 95,184 shares in the company, valued at approximately $2,366,274.24. The disclosure for this sale can be found here. Insiders have sold 81,750 shares of company stock worth $2,025,080 in the last quarter. Insiders own 6.46% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company grew its holdings in shares of Cohu by 1.0% during the second quarter. The Manufacturers Life Insurance Company now owns 21,696 shares of the semiconductor company’s stock worth $342,000 after buying an additional 207 shares during the last quarter. Hillsdale Investment Management Inc. grew its holdings in shares of Cohu by 0.7% during the second quarter. Hillsdale Investment Management Inc. now owns 59,890 shares of the semiconductor company’s stock worth $943,000 after buying an additional 390 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Cohu by 0.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 101,645 shares of the semiconductor company’s stock worth $1,600,000 after buying an additional 532 shares during the last quarter. Thrivent Financial For Lutherans grew its holdings in shares of Cohu by 8.0% during the second quarter. Thrivent Financial For Lutherans now owns 15,440 shares of the semiconductor company’s stock worth $243,000 after buying an additional 1,140 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Cohu by 14.9% during the second quarter. PNC Financial Services Group Inc. now owns 12,452 shares of the semiconductor company’s stock worth $197,000 after buying an additional 1,613 shares during the last quarter. 83.10% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Cohu (NASDAQ:COHU) opened at $23.22 on Friday. The company has a current ratio of 3.62, a quick ratio of 2.89 and a debt-to-equity ratio of 0.02. Cohu has a 52-week low of $12.64 and a 52-week high of $26.17. The company has a market capitalization of $651.19, a PE ratio of 23.22 and a beta of 0.85.

The company also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Stockholders of record on Friday, November 17th were given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Thursday, November 16th. Cohu’s dividend payout ratio (DPR) is currently 24.00%.

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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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