Zacks: Analysts Anticipate Cohu, Inc. (COHU) Will Post Quarterly Sales of $84.20 Million

Equities analysts expect that Cohu, Inc. (NASDAQ:COHU) will report $84.20 million in sales for the current quarter, Zacks reports. Two analysts have provided estimates for Cohu’s earnings, with estimates ranging from $84.00 million to $84.40 million. Cohu reported sales of $70.69 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 19.1%. The firm is expected to report its next quarterly earnings results after the market closes on Thursday, February 15th.

On average, 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 company will post sales of $384.30 million per share, with estimates ranging from $377.00 million to $391.60 million. Zacks’ sales averages are a mean average based on a survey of research firms that cover Cohu.

A number of brokerages have issued reports on COHU. ValuEngine upgraded shares of Cohu from a “hold” rating to a “buy” rating in a research report on Friday, February 2nd. Zacks Investment Research lowered shares of Cohu from a “buy” rating to a “hold” rating in a research report on Wednesday, January 3rd. Needham & Company LLC restated a “buy” rating and set a $24.00 target price on shares of Cohu in a research report on Friday, October 27th. BidaskClub lowered shares of Cohu from a “hold” rating to a “sell” rating in a research report on Saturday, February 3rd. Finally, B. Riley increased their target price 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. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $25.40.

In other news, Director Steven J. Bilodeau sold 10,000 shares of the company’s stock in a transaction that occurred on 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 sale, the director now owns 95,184 shares of the company’s stock, valued at approximately $2,366,274.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 6.46% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Cubist Systematic Strategies LLC lifted its holdings in shares of Cohu by 34.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 16,410 shares of the semiconductor company’s stock worth $258,000 after acquiring an additional 4,243 shares during the period. Swiss National Bank lifted its holdings in shares of Cohu by 10.8% during the 2nd quarter. Swiss National Bank now owns 46,141 shares of the semiconductor company’s stock worth $726,000 after acquiring an additional 4,500 shares during the period. Royce & Associates LP lifted its holdings in shares of Cohu by 62.6% during the 3rd quarter. Royce & Associates LP now owns 1,042,514 shares of the semiconductor company’s stock worth $24,854,000 after acquiring an additional 401,281 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Cohu by 19.1% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 121,107 shares of the semiconductor company’s stock worth $2,888,000 after acquiring an additional 19,462 shares during the period. Finally, Boston Advisors LLC bought a new stake in shares of Cohu during the 3rd quarter worth approximately $933,000. 82.24% of the stock is owned by institutional investors.

Cohu (NASDAQ:COHU) opened at $22.05 on Thursday. Cohu has a 52-week low of $13.12 and a 52-week high of $26.17. The stock has a market cap of $611.02, a P/E ratio of 21.60 and a beta of 0.90. The company has a current ratio of 3.62, a quick ratio of 2.89 and a debt-to-equity ratio of 0.02.

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About Cohu

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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