Analysts Expect Cohu, Inc. (COHU) Will Post Quarterly Sales of $84.20 Million

Wall Street brokerages forecast that Cohu, Inc. (NASDAQ:COHU) will announce $84.20 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Cohu’s earnings. The highest sales estimate is $84.40 million and the lowest is $84.00 million. Cohu reported sales of $70.69 million in the same quarter last year, which would suggest a positive year over year growth rate of 19.1%. The firm is scheduled to report its next earnings report on Thursday, February 15th.

On average, analysts expect that Cohu will report full year sales of $84.20 million for the current financial year, with estimates ranging from $352.60 million to $353.00 million. For the next fiscal year, analysts anticipate that the business will report sales of $384.30 million per share, with estimates ranging from $377.00 million to $391.60 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that cover Cohu.

Cohu (NASDAQ:COHU) last announced its earnings results on Thursday, November 2nd. The semiconductor company reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.04. Cohu had a net margin of 8.26% and a return on equity of 14.67%. The company 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 firm earned $0.14 earnings per share. Cohu’s revenue was up 35.2% compared to the same quarter last year.

Several brokerages have recently issued reports on COHU. Zacks Investment Research cut shares of Cohu from a “buy” rating to a “hold” rating in a report on Wednesday, January 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $24.00 price target on shares of Cohu in a report on Friday, October 27th. Finally, B. Riley increased their price target on shares of Cohu from $28.00 to $31.00 and gave the company a “buy” rating in a report on Friday, November 3rd. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $25.40.

Cohu (NASDAQ:COHU) traded up $0.03 on Monday, reaching $22.80. 117,031 shares of the company’s stock were exchanged, compared to its average volume of 174,457. Cohu has a one year low of $12.64 and a one year 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 stock has a market capitalization of $660.24, a PE ratio of 23.22 and a beta of 0.85.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 2nd. Shareholders of record on Friday, November 17th were issued a dividend of $0.06 per share. The ex-dividend date was Thursday, November 16th. This represents a $0.24 annualized dividend and a yield of 1.05%. Cohu’s dividend payout ratio (DPR) is currently 24.49%.

In other Cohu news, Director Steven J. Bilodeau sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 20th. The shares were sold at an average price of $24.86, for a total transaction of $248,600.00. Following the completion of the transaction, the director now directly owns 95,184 shares in the company, valued at approximately $2,366,274.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Jeffrey D. Jones sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, November 8th. The shares were sold at an average price of $24.75, for a total transaction of $618,750.00. Following the transaction, the vice president now owns 198,081 shares of the company’s stock, valued at $4,902,504.75. The disclosure for this sale can be found here. Insiders have sold a total of 45,000 shares of company stock valued at $1,115,150 over the last 90 days. 6.46% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the business. LSV Asset Management raised its stake in shares of Cohu by 51.9% during the fourth quarter. LSV Asset Management now owns 234,700 shares of the semiconductor company’s stock valued at $5,151,000 after purchasing an additional 80,200 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of Cohu in the 4th quarter valued at about $1,536,000. Schwab Charles Investment Management Inc. increased its holdings in shares of Cohu by 60.7% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 194,648 shares of the semiconductor company’s stock valued at $4,273,000 after purchasing an additional 73,541 shares during the period. Bank of Montreal Can increased its holdings in shares of Cohu by 10.0% in the 4th quarter. Bank of Montreal Can now owns 89,175 shares of the semiconductor company’s stock valued at $1,957,000 after purchasing an additional 8,088 shares during the period. Finally, Public Employees Retirement System of Ohio increased its holdings in shares of Cohu by 10.9% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 26,971 shares of the semiconductor company’s stock valued at $643,000 after purchasing an additional 2,647 shares during the period. Hedge funds and other institutional investors own 82.97% of the company’s stock.

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About Cohu

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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