Cohu, Inc. (NASDAQ:COHU) – Analysts at DA Davidson lifted their FY2019 EPS estimates for shares of Cohu in a report issued on Tuesday, November 5th. DA Davidson analyst T. Diffely now anticipates that the semiconductor company will post earnings of ($0.13) per share for the year, up from their previous forecast of ($0.31). DA Davidson currently has a “Buy” rating and a $25.00 price target on the stock. DA Davidson also issued estimates for Cohu’s Q4 2019 earnings at ($0.02) EPS and FY2020 earnings at $0.80 EPS.
Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Sunday, November 3rd. The semiconductor company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.18. The business had revenue of $143.50 million during the quarter, compared to analysts’ expectations of $142.99 million. Cohu had a negative net margin of 17.84% and a positive return on equity of 0.35%. The business’s revenue was up 66.5% on a year-over-year basis. During the same period last year, the company posted $0.30 EPS.
A number of other equities research analysts have also weighed in on COHU. Craig Hallum assumed coverage on shares of Cohu in a report on Thursday, September 5th. They set a “buy” rating and a $20.00 price objective for the company. BidaskClub upgraded shares of Cohu from a “buy” rating to a “strong-buy” rating in a report on Saturday, October 26th. ValuEngine lowered shares of Cohu from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Finally, Zacks Investment Research upgraded shares of Cohu from a “sell” rating to a “hold” rating and set a $22.00 price objective for the company in a report on Tuesday. One research analyst has rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $22.60.
Shares of Cohu stock traded up $0.11 during trading on Friday, hitting $19.73. The stock had a trading volume of 15,613 shares, compared to its average volume of 296,518. The firm’s fifty day simple moving average is $15.14 and its 200-day simple moving average is $14.80. The stock has a market cap of $801.78 million, a PE ratio of 15.86 and a beta of 1.41. The company has a debt-to-equity ratio of 0.76, a current ratio of 3.10 and a quick ratio of 2.08. Cohu has a 12 month low of $11.37 and a 12 month high of $20.05.
Several institutional investors have recently modified their holdings of the company. Peregrine Capital Management LLC acquired a new position in Cohu during the second quarter worth $6,620,000. Arizona State Retirement System grew its position in shares of Cohu by 1.3% during the second quarter. Arizona State Retirement System now owns 63,626 shares of the semiconductor company’s stock worth $982,000 after acquiring an additional 841 shares during the last quarter. Aperio Group LLC grew its position in shares of Cohu by 40.9% during the second quarter. Aperio Group LLC now owns 19,902 shares of the semiconductor company’s stock worth $307,000 after acquiring an additional 5,781 shares during the last quarter. Envestnet Asset Management Inc. purchased a new position in shares of Cohu during the second quarter worth approximately $177,000. Finally, Swiss National Bank grew its position in shares of Cohu by 2.2% during the second quarter. Swiss National Bank now owns 75,750 shares of the semiconductor company’s stock worth $1,169,000 after acquiring an additional 1,600 shares during the last quarter. 91.93% of the stock is currently owned by hedge funds and other institutional investors.
The company also recently disclosed a dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be given a $0.06 dividend. The ex-dividend date is Thursday, November 14th. Cohu’s payout ratio is currently 19.35%.
Cohu, Inc, through its subsidiaries, provides semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, thermal sub-systems, semiconductor automated test equipment (ATE), and bare board printed circuit board (PCB) test systems for semiconductor and electronics manufacturers, and test subcontractors worldwide.
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