Equities research analysts expect Cohu, Inc. (NASDAQ:COHU) to report $0.31 earnings per share for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Cohu’s earnings, with the highest EPS estimate coming in at $0.32 and the lowest estimate coming in at $0.30. Cohu reported earnings per share of $0.24 during the same quarter last year, which would indicate a positive year over year growth rate of 29.2%. The company is expected to issue its next earnings report on Thursday, February 15th.
On average, 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 financial year, analysts expect that the business will post earnings of $1.75 per share, with EPS estimates ranging from $1.73 to $1.76. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that follow Cohu.
Cohu (NASDAQ:COHU) last posted its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.43 EPS for the quarter, beating the consensus estimate of $0.39 by $0.04. The firm had revenue of $93.70 million during the quarter, compared to analysts’ expectations of $91.43 million. Cohu had a return on equity of 14.67% and a net margin of 8.26%. The business’s revenue for the quarter was up 35.2% on a year-over-year basis. During the same quarter last year, the firm earned $0.14 earnings per share.
Several research analysts recently weighed in on COHU shares. Needham & Company LLC upgraded Cohu from a “hold” rating to a “buy” rating and set a $24.00 price objective for the company in a research report on Monday, September 18th. B. Riley increased their price objective on Cohu from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Zacks Investment Research lowered Cohu from a “buy” rating to a “hold” rating in a research report on Wednesday, September 27th. Finally, ValuEngine lowered 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. Cohu presently has a consensus rating of “Buy” and a consensus price target of $25.40.
Shares of Cohu (NASDAQ:COHU) traded down $0.10 during trading on Wednesday, reaching $23.29. The company had a trading volume of 207,400 shares, compared to its average volume of 198,167. The stock has a market capitalization of $651.19, a price-to-earnings ratio of 23.29 and a beta of 0.85. Cohu has a 52 week low of $12.64 and a 52 week high of $26.17. The company has a quick ratio of 2.89, a current ratio of 3.62 and a debt-to-equity ratio of 0.02.
The company also recently declared 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. The ex-dividend date of this dividend was Thursday, November 16th. This represents a $0.24 annualized dividend and a dividend yield of 1.03%. Cohu’s dividend payout ratio is currently 24.00%.
In other news, Director James A. Donahue sold 36,750 shares of the firm’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $24.76, for a total transaction of $909,930.00. Following the completion of the transaction, the director now directly owns 443,472 shares in the company, valued at $10,980,366.72. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Steven J. Bilodeau sold 10,000 shares of the firm’s stock in a transaction on 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 owns 95,184 shares of the company’s stock, valued at $2,366,274.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 81,750 shares of company stock valued at $2,025,080. Company insiders own 6.46% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in COHU. SG Americas Securities LLC purchased a new position in shares of Cohu during the third quarter worth $102,000. Cornerstone Capital Management Holdings LLC. purchased a new position in Cohu in the third quarter valued at $106,000. BNP Paribas Arbitrage SA boosted its holdings in Cohu by 67.7% in the second quarter. BNP Paribas Arbitrage SA now owns 8,085 shares of the semiconductor company’s stock valued at $127,000 after purchasing an additional 3,264 shares during the period. Tudor Investment Corp ET AL purchased a new position in Cohu in the second quarter valued at $197,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Cohu by 14.9% in the second quarter. PNC Financial Services Group Inc. now owns 12,452 shares of the semiconductor company’s stock valued at $197,000 after purchasing an additional 1,613 shares during the period. Institutional investors and hedge funds own 83.10% 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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