$187.75 Million in Sales Expected for Cohu, Inc. (COHU) This Quarter

Wall Street brokerages expect Cohu, Inc. (NASDAQ:COHU) to report $187.75 million in sales for the current quarter, according to Zacks. Two analysts have issued estimates for Cohu’s earnings. The lowest sales estimate is $175.50 million and the highest is $200.00 million. Cohu posted sales of $84.09 million in the same quarter last year, which suggests a positive year over year growth rate of 123.3%. The firm is scheduled to announce its next quarterly earnings results on Thursday, February 21st.

On average, analysts expect that Cohu will report full year sales of $471.80 million for the current financial year, with estimates ranging from $456.60 million to $487.00 million. For the next year, analysts forecast that the firm will post sales of $820.80 million, with estimates ranging from $768.60 million to $873.00 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Cohu.

Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Monday, November 5th. The semiconductor company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.08). The business had revenue of $86.20 million for the quarter, compared to the consensus estimate of $92.03 million. Cohu had a return on equity of 13.46% and a net margin of 8.62%. The business’s revenue was down 8.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.43 earnings per share.

Several brokerages have issued reports on COHU. BidaskClub lowered Cohu from a “hold” rating to a “sell” rating in a research note on Thursday, November 8th. DA Davidson lowered their target price on Cohu to $28.00 and set a “buy” rating on the stock in a research note on Tuesday, November 6th. ValuEngine lowered Cohu from a “hold” rating to a “sell” rating in a research note on Tuesday, October 23rd. Finally, Stifel Nicolaus boosted their target price on Cohu from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, October 2nd. Two equities 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 company. The stock currently has an average rating of “Hold” and an average target price of $28.75.

Cohu stock traded down $0.07 during mid-day trading on Wednesday, reaching $17.37. 266,299 shares of the company’s stock were exchanged, compared to its average volume of 308,424. The firm has a market capitalization of $530.41 million, a P/E ratio of 12.96, a price-to-earnings-growth ratio of 1.46 and a beta of 1.29. Cohu has a one year low of $17.26 and a one year high of $27.83. 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 company also recently announced a quarterly dividend, which will be paid on Wednesday, January 2nd. Shareholders of record on Friday, November 16th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, November 15th. This represents a $0.24 annualized dividend and a dividend yield of 1.38%. Cohu’s payout ratio is presently 17.91%.

Institutional investors and hedge funds have recently modified their holdings of the business. Meeder Asset Management Inc. raised its stake in shares of Cohu by 958.7% in the third quarter. Meeder Asset Management Inc. now owns 4,150 shares of the semiconductor company’s stock valued at $105,000 after buying an additional 3,758 shares during the period. Itau Unibanco Holding S.A. purchased a new position in shares of Cohu in the second quarter valued at $124,000. Piedmont Investment Advisors LLC purchased a new position in shares of Cohu in the second quarter valued at $164,000. WINTON GROUP Ltd purchased a new position in shares of Cohu in the first quarter valued at $201,000. Finally, California Public Employees Retirement System purchased a new position in shares of Cohu in the second quarter valued at $208,000. Hedge funds and other institutional investors own 97.63% of the company’s stock.

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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