Equities research analysts expect that Cohu, Inc. (NASDAQ:COHU) will post sales of $93.00 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Cohu’s earnings. Cohu posted sales of $81.10 million during the same quarter last year, which would indicate a positive year over year growth rate of 14.7%. The firm is scheduled to issue its next quarterly earnings report on Thursday, April 26th.
On average, analysts expect that Cohu will report full-year sales of $93.00 million for the current financial year, with estimates ranging from $389.40 million to $390.00 million. For the next financial year, analysts forecast that the business will post sales of $419.90 million per share. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side research analysts that follow Cohu.
Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Thursday, February 15th. The semiconductor company reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.03). Cohu had a net margin of 9.31% and a return on equity of 14.63%. The business had revenue of $84.09 million during the quarter, compared to the consensus estimate of $84.20 million. During the same period in the previous year, the business posted $0.24 EPS. Cohu’s revenue was up 19.0% compared to the same quarter last year.
Several brokerages recently weighed in on COHU. BidaskClub raised shares of Cohu from a “hold” rating to a “buy” rating in a research report on Wednesday, March 21st. ValuEngine cut shares of Cohu from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Dougherty & Co reaffirmed a “buy” rating on shares of Cohu in a research report on Wednesday, February 21st. B. Riley dropped their price target on shares of Cohu from $31.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, February 16th. Finally, Zacks Investment Research cut shares of Cohu from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $25.20.
In other Cohu news, Director Robert L. Ciardella sold 5,000 shares of Cohu stock in a transaction that occurred on Friday, February 23rd. The shares were sold at an average price of $19.53, for a total transaction of $97,650.00. Following the transaction, the director now owns 80,887 shares of the company’s stock, valued at approximately $1,579,723.11. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 6.46% of the stock is owned by company insiders.
Several institutional investors have recently bought and sold shares of the business. MetLife Investment Advisors LLC bought a new position in shares of Cohu during the 4th quarter worth approximately $260,000. Gotham Asset Management LLC bought a new position in shares of Cohu during the 4th quarter worth approximately $1,363,000. Cornerstone Capital Management Holdings LLC. lifted its position in shares of Cohu by 240.0% during the 4th quarter. Cornerstone Capital Management Holdings LLC. now owns 15,300 shares of the semiconductor company’s stock worth $335,000 after buying an additional 10,800 shares in the last quarter. TIAA CREF Investment Management LLC lifted its position in shares of Cohu by 20.4% during the 4th quarter. TIAA CREF Investment Management LLC now owns 144,162 shares of the semiconductor company’s stock worth $3,164,000 after buying an additional 24,400 shares in the last quarter. Finally, Teachers Retirement System of The State of Kentucky lifted its position in shares of Cohu by 197.2% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 44,587 shares of the semiconductor company’s stock worth $979,000 after buying an additional 29,587 shares in the last quarter. 86.09% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ COHU opened at $22.41 on Friday. Cohu has a fifty-two week low of $15.55 and a fifty-two week high of $26.17. The stock has a market capitalization of $651.55, a P/E ratio of 16.72, a price-to-earnings-growth ratio of 1.91 and a beta of 0.94. The company has a current ratio of 3.49, a quick ratio of 2.76 and a debt-to-equity ratio of 0.02.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Tuesday, February 27th will be given a dividend of $0.06 per share. The ex-dividend date is Monday, February 26th. This represents a $0.24 annualized dividend and a dividend yield of 1.07%. Cohu’s dividend payout ratio is currently 17.91%.
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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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