Wall Street analysts predict that Cohu, Inc. (NASDAQ:COHU) will announce $0.03 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Cohu’s earnings. The lowest EPS estimate is $0.02 and the highest is $0.03. Cohu reported earnings of $0.64 per share during the same quarter last year, which indicates a negative year over year growth rate of 95.3%. The firm is scheduled to report its next earnings report on Thursday, August 1st.
On average, analysts expect that Cohu will report full-year earnings of $0.50 per share for the current financial year, with EPS estimates ranging from $0.25 to $0.64. For the next financial year, analysts forecast that the firm will report earnings of $1.75 per share, with EPS estimates ranging from $1.52 to $1.95. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Cohu.
Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Monday, May 6th. The semiconductor company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). Cohu had a positive return on equity of 6.17% and a negative net margin of 12.48%. The firm had revenue of $147.81 million during the quarter, compared to analysts’ expectations of $145.00 million. During the same period in the previous year, the firm earned $0.36 EPS. The firm’s quarterly revenue was up 55.3% on a year-over-year basis.
A number of brokerages recently issued reports on COHU. Stifel Nicolaus lowered shares of Essentra to a “hold” rating in a report on Tuesday, May 7th. BidaskClub lowered shares of Vertex Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Tuesday, July 9th. ValuEngine lowered shares of Zosano Pharma from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Finally, Zacks Investment Research lowered shares of General Finance from a “buy” rating to a “hold” rating in a research note on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $24.67.
NASDAQ COHU traded down $0.30 on Monday, hitting $14.03. 268,551 shares of the company’s stock traded hands, compared to its average volume of 311,277. The company has a quick ratio of 2.27, a current ratio of 3.22 and a debt-to-equity ratio of 0.70. The stock’s 50-day moving average price is $15.40. Cohu has a 1-year low of $13.86 and a 1-year high of $27.83. The firm has a market cap of $587.77 million, a price-to-earnings ratio of 11.31, a PEG ratio of 6.61 and a beta of 1.27.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 26th. Stockholders of record on Friday, June 14th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, June 13th. This represents a $0.24 annualized dividend and a dividend yield of 1.71%. Cohu’s dividend payout ratio is presently 19.35%.
In other news, Director William Bendush sold 3,000 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $16.52, for a total transaction of $49,560.00. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Jeffrey D. Jones purchased 4,000 shares of Cohu stock in a transaction dated Thursday, May 23rd. The shares were acquired at an average cost of $14.35 per share, for a total transaction of $57,400.00. The disclosure for this purchase can be found here. 3.52% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Cohu in the 4th quarter valued at about $40,927,000. BlackRock Inc. grew its holdings in Cohu by 41.3% in the 4th quarter. BlackRock Inc. now owns 5,929,905 shares of the semiconductor company’s stock valued at $95,294,000 after buying an additional 1,732,556 shares during the period. Dimensional Fund Advisors LP grew its holdings in Cohu by 31.2% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,170,908 shares of the semiconductor company’s stock valued at $50,956,000 after buying an additional 754,127 shares during the period. Peregrine Capital Management LLC purchased a new stake in Cohu in the 2nd quarter valued at about $6,620,000. Finally, JPMorgan Chase & Co. grew its holdings in Cohu by 60.1% in the 1st quarter. JPMorgan Chase & Co. now owns 979,279 shares of the semiconductor company’s stock valued at $14,444,000 after buying an additional 367,438 shares during the period. 91.43% of the stock is currently owned by institutional investors and hedge funds.
Cohu Company Profile
Cohu, Inc, through its subsidiaries, provides semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, thermal sub-systems, semiconductor automated test equipment (ATE), and bare board printed circuit board (PCB) test systems for semiconductor and electronics manufacturers, and test subcontractors worldwide.
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