Wall Street brokerages expect that Cohu, Inc. (NASDAQ:COHU) will post earnings per share of $0.42 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Cohu’s earnings. The highest EPS estimate is $0.48 and the lowest is $0.32. Cohu reported earnings per share of $0.48 in the same quarter last year, which suggests a negative year over year growth rate of 12.5%. The business is expected to issue its next quarterly earnings results on Thursday, July 26th.
On average, analysts expect that Cohu will report full-year earnings of $1.72 per share for the current year, with EPS estimates ranging from $1.67 to $1.75. For the next year, analysts forecast that the company will report earnings of $2.03 per share, with EPS estimates ranging from $2.00 to $2.06. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that that provide coverage for Cohu.
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Cohu (NASDAQ:COHU) last posted its quarterly earnings results on Tuesday, May 8th. The semiconductor company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The firm had revenue of $95.20 million for the quarter, compared to the consensus estimate of $93.07 million. Cohu had a net margin of 9.33% and a return on equity of 14.10%. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period last year, the firm posted $0.24 earnings per share.
Several research firms recently issued reports on COHU. BidaskClub upgraded shares of Cohu from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 12th. ValuEngine cut shares of Cohu from a “buy” rating to a “hold” rating in a research report on Monday, April 2nd. Zacks Investment Research cut shares of Cohu from a “hold” rating to a “sell” rating in a research report on Friday, February 23rd. Stifel Nicolaus upgraded shares of Cohu from a “hold” rating to a “buy” rating in a research report on Tuesday, May 8th. Finally, Dougherty & Co restated a “buy” rating on shares of Cohu in a research report on Wednesday, February 21st. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. Cohu presently has a consensus rating of “Buy” and an average price target of $24.80.
In other Cohu news, Director William Bendush sold 3,000 shares of Cohu stock in a transaction dated Thursday, May 17th. The shares were sold at an average price of $23.20, for a total transaction of $69,600.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, VP Fellenberg Ian Von sold 22,019 shares of Cohu stock in a transaction dated Wednesday, May 30th. The shares were sold at an average price of $24.51, for a total transaction of $539,685.69. Following the sale, the vice president now owns 87,054 shares of the company’s stock, valued at $2,133,693.54. The disclosure for this sale can be found here. 3.88% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in COHU. SG Americas Securities LLC increased its position in shares of Cohu by 44.6% during the first quarter. SG Americas Securities LLC now owns 7,342 shares of the semiconductor company’s stock valued at $167,000 after acquiring an additional 2,263 shares during the last quarter. WINTON GROUP Ltd acquired a new stake in shares of Cohu during the first quarter valued at about $201,000. LS Investment Advisors LLC increased its position in shares of Cohu by 1,003.4% during the fourth 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 last quarter. Canandaigua National Bank & Trust Co. acquired a new stake in shares of Cohu during the first quarter valued at about $205,000. Finally, Ellington Management Group LLC acquired a new stake in shares of Cohu during the fourth quarter valued at about $215,000. Institutional investors and hedge funds own 87.37% of the company’s stock.
Shares of Cohu traded down $0.42, hitting $24.80, during midday trading on Wednesday, MarketBeat reports. The company’s stock had a trading volume of 263,400 shares, compared to its average volume of 269,863. The company has a current ratio of 3.81, a quick ratio of 3.00 and a debt-to-equity ratio of 0.02. The company has a market cap of $726.29 million, a P/E ratio of 18.60, a P/E/G ratio of 2.07 and a beta of 0.95. Cohu has a 12-month low of $15.55 and a 12-month high of $26.17.
The company also recently disclosed a dividend, which will be paid on Thursday, July 12th. Investors of record on Friday, June 15th will be given a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, June 14th. Cohu’s payout ratio is currently 17.91%.
Cohu Company Profile
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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