DA Davidson Weighs in on Cohu, Inc.’s Q1 2019 Earnings (COHU)
Cohu, Inc. (NASDAQ:COHU) – Research analysts at DA Davidson issued their Q1 2019 EPS estimates for shares of Cohu in a report issued on Wednesday, March 13th. DA Davidson analyst T. Diffely forecasts that the semiconductor company will earn ($0.10) per share for the quarter. DA Davidson has a “Buy” rating on the stock. DA Davidson also issued estimates for Cohu’s Q2 2019 earnings at $0.02 EPS, Q3 2019 earnings at $0.34 EPS, Q4 2019 earnings at $0.24 EPS, FY2019 earnings at $0.50 EPS, Q1 2020 earnings at $0.32 EPS, Q2 2020 earnings at $0.45 EPS, Q3 2020 earnings at $0.50 EPS, Q4 2020 earnings at $0.34 EPS and FY2020 earnings at $1.61 EPS.
A number of other brokerages have also recently commented on COHU. BidaskClub cut shares of Cohu from a “hold” rating to a “sell” rating in a research report on Tuesday, December 11th. Zacks Investment Research cut shares of Cohu from a “hold” rating to a “strong sell” rating in a research report on Monday, December 3rd. ValuEngine upgraded shares of Cohu from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Stifel Nicolaus cut shares of Cohu from a “buy” rating to a “hold” rating and reduced their target price for the company from $30.00 to $20.00 in a research report on Wednesday, January 23rd. Finally, B. Riley restated a “buy” rating and set a $24.00 price objective (down from $26.00) on shares of Cohu in a research report on Wednesday, March 13th. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Cohu currently has an average rating of “Hold” and an average price target of $24.75.
Cohu (NASDAQ:COHU) last issued its earnings results on Tuesday, March 12th. The semiconductor company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.02. The business had revenue of $170.64 million during the quarter, compared to analysts’ expectations of $173.50 million. Cohu had a negative net margin of 7.12% and a positive return on equity of 13.00%.
Institutional investors have recently added to or reduced their stakes in the stock. Pearl River Capital LLC acquired a new stake in Cohu during the fourth quarter worth about $26,000. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Cohu by 43.4% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,387 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 722 shares during the last quarter. Flinton Capital Management LLC increased its position in Cohu by 27.6% during the fourth quarter. Flinton Capital Management LLC now owns 4,592 shares of the semiconductor company’s stock worth $74,000 after purchasing an additional 992 shares during the last quarter. Pacer Advisors Inc. increased its position in Cohu by 296.4% during the third quarter. Pacer Advisors Inc. now owns 4,400 shares of the semiconductor company’s stock worth $110,000 after purchasing an additional 3,290 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Cohu during the fourth quarter worth about $122,000. Hedge funds and other institutional investors own 92.50% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Tuesday, February 26th will be given a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 1.58%. The ex-dividend date is Monday, February 25th. Cohu’s payout ratio is currently 19.35%.
Cohu, Inc, through its subsidiaries, engages in the development, manufacture, sale, and servicing of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, and thermal sub-systems for semiconductor manufacturers and test subcontractors worldwide.
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