Wall Street brokerages expect that Cohu, Inc. (NASDAQ:COHU) will report $187.75 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Cohu’s earnings. The highest sales estimate is $200.00 million and the lowest is $175.50 million. Cohu posted sales of $84.09 million during the same quarter last year, which suggests a positive year over year growth rate of 123.3%. The company is expected to report its next earnings results on Thursday, February 21st.
According to Zacks, analysts expect that Cohu will report full-year sales of $471.80 million for the current fiscal year, with estimates ranging from $456.60 million to $487.00 million. For the next year, analysts anticipate that the company will report sales of $820.80 million, with estimates ranging from $768.60 million to $873.00 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Cohu.
Cohu (NASDAQ:COHU) last released its earnings results on Monday, November 5th. The semiconductor company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.08). Cohu had a return on equity of 13.46% and a net margin of 8.62%. The company had revenue of $86.20 million during the quarter, compared to analysts’ expectations of $92.03 million. During the same period in the prior year, the company posted $0.43 earnings per share. The company’s revenue was down 8.0% on a year-over-year basis.
COHU has been the topic of a number of recent research reports. Stifel Nicolaus increased their target price on Cohu from $29.00 to $30.00 and gave the stock a “buy” rating in a research note on Tuesday, October 2nd. BidaskClub cut Cohu from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 18th. Zacks Investment Research cut Cohu from a “hold” rating to a “strong sell” rating in a research report on Monday. ValuEngine cut Cohu from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. Finally, DA Davidson dropped their price objective on Cohu to $28.00 and set a “buy” rating on the stock in a research report on Tuesday, November 6th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. Cohu presently has an average rating of “Hold” and a consensus price target of $28.75.
Shares of NASDAQ COHU traded down $0.89 during trading on Friday, reaching $18.62. The company had a trading volume of 785,078 shares, compared to its average volume of 492,517. Cohu has a 12-month low of $16.67 and a 12-month high of $27.83. The stock has a market cap of $797.72 million, a P/E ratio of 13.90, a P/E/G ratio of 1.55 and a beta of 1.27. The company has a current ratio of 3.58, a quick ratio of 2.87 and a debt-to-equity ratio of 0.01.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 2nd. Investors of record on Friday, November 16th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $0.24 annualized dividend and a dividend yield of 1.29%. Cohu’s dividend payout ratio (DPR) is presently 17.91%.
In related news, VP Stephen R. Wigley sold 6,500 shares of the stock in a transaction on Friday, November 23rd. The stock was sold at an average price of $17.83, for a total transaction of $115,895.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 3.88% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. boosted its position in Cohu by 958.7% in the third quarter. Meeder Asset Management Inc. now owns 4,150 shares of the semiconductor company’s stock worth $105,000 after purchasing an additional 3,758 shares during the last quarter. Pacer Advisors Inc. boosted its position in Cohu by 296.4% in 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. Itau Unibanco Holding S.A. purchased a new position in Cohu in the second quarter worth about $124,000. Piedmont Investment Advisors LLC purchased a new position in Cohu in the second quarter worth about $164,000. Finally, California Public Employees Retirement System purchased a new position in Cohu in the second quarter worth about $208,000. 72.18% of the stock is currently owned by institutional investors.
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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