$0.31 Earnings Per Share Expected for Cohu, Inc. (COHU) This Quarter

Wall Street brokerages forecast that Cohu, Inc. (NASDAQ:COHU) will announce earnings per share (EPS) of $0.31 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Cohu’s earnings. The lowest EPS estimate is $0.30 and the highest is $0.32. Cohu posted earnings of $0.24 per share during the same quarter last year, which would indicate a positive year over year growth rate of 29.2%. The business is expected to report its next earnings results on Thursday, February 15th.

According to Zacks, analysts expect that Cohu will report full-year earnings of $1.58 per share for the current financial year, with EPS estimates ranging from $1.56 to $1.59. For the next financial year, analysts anticipate that the firm 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 an average based on a survey of sell-side research firms that follow Cohu.

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

Several research analysts recently weighed in on COHU shares. B. Riley upped their price objective on shares of 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 price target on shares of Cohu in a research report on Friday, October 27th. ValuEngine cut shares of Cohu from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Zacks Investment Research cut shares of Cohu from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $25.40.

Cohu (COHU) traded up $0.83 during mid-day trading on Friday, hitting $24.01. 138,328 shares of the company traded hands, compared to its average volume of 158,168. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.89 and a current ratio of 3.62. The company has a market capitalization of $655.72, a PE ratio of 24.50 and a beta of 0.85. Cohu has a one year low of $12.64 and a one year high of $26.17.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders 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 yield of 1.00%. The ex-dividend date of this dividend was Thursday, November 16th. Cohu’s payout ratio is currently 24.49%.

In other news, VP Jeffrey D. Jones sold 25,000 shares of the stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $24.75, for a total transaction of $618,750.00. Following the completion of the sale, 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 legal filing with the SEC, which is accessible through the SEC website. Also, Director James A. Donahue sold 36,750 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $24.76, for a total value of $909,930.00. Following the sale, the director now directly 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 three months, insiders have sold 81,750 shares of company stock valued at $2,025,080. Insiders own 6.46% of the company’s stock.

Several large investors have recently added to or reduced their stakes in COHU. Ameriprise Financial Inc. boosted its stake in shares of Cohu by 326.9% during the second quarter. Ameriprise Financial Inc. now owns 684,149 shares of the semiconductor company’s stock valued at $10,769,000 after purchasing an additional 523,887 shares during the period. Royce & Associates LP boosted its stake in shares of Cohu by 62.6% during the third quarter. Royce & Associates LP now owns 1,042,514 shares of the semiconductor company’s stock valued at $24,854,000 after purchasing an additional 401,281 shares during the period. Numeric Investors LLC purchased a new stake in shares of Cohu during the second quarter valued at approximately $1,927,000. Schwab Charles Investment Management Inc. boosted its stake in shares of Cohu by 60.7% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 194,648 shares of the semiconductor company’s stock valued at $4,273,000 after purchasing an additional 73,541 shares during the period. Finally, Assenagon Asset Management S.A. purchased a new stake in shares of Cohu during the fourth quarter valued at approximately $1,536,000. 83.12% of the stock is owned by hedge funds and other institutional investors.

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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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