Zacks: Analysts Expect Cohu, Inc. (COHU) Will Announce Quarterly Sales of $83.50 Million
Brokerages expect Cohu, Inc. (NASDAQ:COHU) to report sales of $83.50 million for the current quarter, according to Zacks Investment Research. Two analysts have provided estimates for Cohu’s earnings. The highest sales estimate is $84.40 million and the lowest is $82.60 million. Cohu posted sales of $70.69 million during the same quarter last year, which suggests a positive year over year growth rate of 18.1%. The company is scheduled to report its next quarterly earnings results on Thursday, February 15th.
On average, analysts expect that Cohu will report full-year sales of $83.50 million for the current fiscal year, with estimates ranging from $349.00 million to $351.00 million. For the next fiscal year, analysts anticipate that the firm will post sales of $380.00 million per share, with estimates ranging from $370.00 million to $390.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research analysts that follow Cohu.
Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.04. Cohu had a return on equity of 14.67% and a net margin of 8.26%. The firm had revenue of $93.70 million during the quarter, compared to the consensus estimate of $91.43 million. During the same period last year, the company earned $0.14 earnings per share. The company’s revenue for the quarter was up 35.2% on a year-over-year basis.
COHU has been the subject of several recent research reports. Zacks Investment Research raised Cohu from a “hold” rating to a “strong-buy” rating and set a $20.00 price target for the company in a report on Monday, August 21st. ValuEngine cut Cohu from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Needham & Company LLC reiterated a “buy” rating and issued a $24.00 price objective on shares of Cohu in a research report on Friday, October 27th. BidaskClub upgraded Cohu from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $19.00 price objective (up previously from $17.00) on shares of Cohu in a research report on Monday, July 17th. Three equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $23.60.
Shares of Cohu (COHU) traded up $0.50 during midday trading on Wednesday, hitting $24.92. The company had a trading volume of 380,983 shares, compared to its average volume of 230,426. The company has a current ratio of 3.62, a quick ratio of 2.89 and a debt-to-equity ratio of 0.02. Cohu has a 52-week low of $10.96 and a 52-week high of $26.17. The firm has a market capitalization of $682.78, a P/E ratio of 18.78 and a beta of 0.89.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, November 17th will be given a $0.06 dividend. This represents a $0.24 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, November 16th. Cohu’s payout ratio is 24.49%.
In other news, Director James A. Donahue sold 75,000 shares of the firm’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $23.85, for a total value of $1,788,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, VP Hock Woo Chiang sold 10,844 shares of the firm’s stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $18.77, for a total value of $203,541.88. Following the completion of the transaction, the vice president now owns 90,332 shares of the company’s stock, valued at approximately $1,695,531.64. The disclosure for this sale can be found here. In the last 90 days, insiders sold 197,594 shares of company stock valued at $4,306,222. Company insiders own 6.46% of the company’s stock.
Hedge funds have recently made changes to their positions in the company. BNP Paribas Arbitrage SA increased its position in shares of 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 buying an additional 3,264 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of Cohu in the second quarter valued at $130,000. Palouse Capital Management Inc. purchased a new position in shares of Cohu in the third quarter valued at $202,000. Crossmark Global Holdings Inc. purchased a new position in shares of Cohu in the third quarter valued at $209,000. Finally, Louisiana State Employees Retirement System increased its position in shares of Cohu by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the semiconductor company’s stock valued at $164,000 after buying an additional 200 shares in the last quarter. Institutional investors and hedge funds own 83.53% of the company’s stock.
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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