Equities analysts expect Cohu, Inc. (NASDAQ:COHU) to announce $99.50 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Cohu’s earnings, with estimates ranging from $99.00 million to $100.00 million. Cohu posted sales of $93.87 million in the same quarter last year, which would indicate a positive year over year growth rate of 6%. The firm is expected to report its next quarterly earnings results on Thursday, July 26th.
On average, analysts expect that Cohu will report full year sales of $391.05 million for the current fiscal year, with estimates ranging from $390.10 million to $392.00 million. For the next year, analysts anticipate that the firm will report sales of $420.10 million per share, with estimates ranging from $420.00 million to $420.20 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that cover Cohu.
Get Cohu alerts:Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Tuesday, May 8th. The semiconductor company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.03. Cohu had a return on equity of 14.10% and a net margin of 9.33%. The business had revenue of $95.20 million during the quarter, compared to analyst estimates of $93.07 million. During the same period in the previous year, the firm earned $0.24 EPS. Cohu’s quarterly revenue was up 17.4% compared to the same quarter last year.
COHU has been the subject of a number of recent research reports. Zacks Investment Research downgraded Cohu from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. B. Riley reduced their price target on Cohu from $31.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, February 16th. BidaskClub raised Cohu from a “sell” rating to a “hold” rating in a research report on Thursday, March 1st. ValuEngine downgraded Cohu from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Finally, Stifel Nicolaus raised Cohu from a “hold” rating to a “buy” rating in a research report on Tuesday, May 8th. One investment analyst has rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. Cohu has a consensus rating of “Buy” and an average target price of $24.80.
In other news, Director William Bendush sold 3,000 shares of the stock in a transaction that occurred on Thursday, May 17th. The stock was sold at an average price of $23.20, for a total value of $69,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.88% of the company’s stock.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its holdings in shares of Cohu by 44.6% in the 1st quarter. SG Americas Securities LLC now owns 7,342 shares of the semiconductor company’s stock valued at $167,000 after buying an additional 2,263 shares during the last quarter. WINTON GROUP Ltd bought a new stake in Cohu in the 1st quarter valued at $201,000. LS Investment Advisors LLC raised its stake in Cohu by 1,003.4% in the 4th quarter. LS Investment Advisors LLC now owns 9,302 shares of the semiconductor company’s stock valued at $204,000 after acquiring an additional 8,459 shares during the period. Canandaigua National Bank & Trust Co. bought a new stake in Cohu in the 1st quarter valued at $205,000. Finally, Teacher Retirement System of Texas bought a new stake in Cohu in the 4th quarter valued at $215,000. 87.24% of the stock is owned by institutional investors.
Cohu opened at $24.24 on Monday, MarketBeat Ratings reports. Cohu has a twelve month low of $15.55 and a twelve month high of $26.17. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.81 and a quick ratio of 3.00. The company has a market cap of $698.06 million, a price-to-earnings ratio of 18.09, a PEG ratio of 1.99 and a beta of 0.96.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 27th. Stockholders of record on Friday, June 15th will be issued a $0.06 dividend. This represents a $0.24 annualized dividend and a dividend yield of 0.99%. The ex-dividend date is Thursday, June 14th. Cohu’s payout ratio is presently 17.91%.
About Cohu
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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