Cohu, Inc. (NASDAQ:COHU) Expected to Post Earnings of $0.79 Per Share


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Brokerages expect Cohu, Inc. (NASDAQ:COHU) to post $0.79 earnings per share for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Cohu’s earnings, with the lowest EPS estimate coming in at $0.75 and the highest estimate coming in at $0.84. The firm is scheduled to announce its next quarterly earnings results on Tuesday, May 4th.

According to Zacks, analysts expect that Cohu will report full year earnings of $3.08 per share for the current year, with EPS estimates ranging from $2.90 to $3.40. For the next year, analysts anticipate that the business will post earnings of $3.35 per share, with EPS estimates ranging from $3.23 to $3.60. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Cohu.

Cohu (NASDAQ:COHU) last announced its earnings results on Wednesday, February 10th. The semiconductor company reported $0.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.61 by $0.12. The firm had revenue of $202.36 million for the quarter, compared to analysts’ expectations of $198.15 million. Cohu had a negative net margin of 7.98% and a positive return on equity of 1.57%.

Several brokerages have recently issued reports on COHU. B. Riley upped their target price on shares of Cohu from $72.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, March 5th. Craig Hallum upped their target price on shares of Cohu from $45.00 to $73.00 in a research report on Friday, February 12th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Cohu from $38.00 to $43.00 in a research report on Thursday, December 17th. Finally, Needham & Company LLC increased their price objective on shares of Cohu from $50.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, February 12th. Seven investment analysts have rated the stock with a buy rating, Cohu currently has a consensus rating of “Buy” and an average price target of $44.25.

In related news, Director James A. Donahue sold 20,000 shares of the stock in a transaction dated Friday, February 19th. The shares were sold at an average price of $48.00, for a total value of $960,000.00. Following the sale, the director now directly owns 387,056 shares of the company’s stock, valued at approximately $18,578,688. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 60,000 shares of company stock worth $2,764,000 over the last three months. 3.07% of the stock is currently owned by corporate insiders.

Several large investors have recently modified their holdings of COHU. Thornburg Investment Management Inc. purchased a new position in shares of Cohu during the fourth quarter worth approximately $21,920,000. Amundi Pioneer Asset Management Inc. purchased a new position in shares of Cohu during the fourth quarter worth approximately $13,573,000. Emerald Advisers LLC purchased a new position in shares of Cohu during the fourth quarter worth approximately $12,646,000. Emerald Mutual Fund Advisers Trust purchased a new position in shares of Cohu during the fourth quarter worth approximately $11,712,000. Finally, Ziegler Capital Management LLC purchased a new position in shares of Cohu during the fourth quarter worth approximately $8,482,000. 84.32% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ COHU traded up $0.95 during mid-day trading on Thursday, hitting $49.86. 7,434 shares of the company’s stock traded hands, compared to its average volume of 714,744. The company’s 50-day moving average is $43.59 and its two-hundred day moving average is $34.96. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.03 and a quick ratio of 2.09. The company has a market capitalization of $2.40 billion, a P/E ratio of -44.59 and a beta of 1.79. Cohu has a 1 year low of $12.30 and a 1 year high of $51.86.

About Cohu

Cohu, Inc, through its subsidiaries, engages in the semiconductor test and inspection equipment, and printed circuit board (PCB) test equipment businesses in China, the United States, Taiwan, Malaysia, the Philippines, and internationally. It supplies semiconductor test and inspection handlers, micro-electromechanical system (MEMS) test modules, test contactors, thermal sub-systems, semiconductor automated test equipment, and bare board PCB test systems for semiconductor and electronics manufacturers, and test subcontractors.

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