Cohu, Inc. (COHU) Scheduled to Post Quarterly Earnings on Wednesday
Cohu, Inc. (NASDAQ:COHU) will be issuing its quarterly earnings data after the market closes on Wednesday, October 25th. Analysts expect the company to announce earnings of $0.39 per share for the quarter.
Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.03. The firm had revenue of $93.90 million during the quarter, compared to the consensus estimate of $92.91 million. Cohu had a return on equity of 11.59% and a net margin of 6.21%. The firm’s quarterly revenue was up 22.9% compared to the same quarter last year. During the same period in the prior year, the company posted $0.23 earnings per share. On average, analysts expect Cohu to post $1.35 EPS for the current fiscal year and $1.45 EPS for the next fiscal year.
Cohu, Inc. (NASDAQ COHU) opened at 24.70 on Wednesday. The firm has a market capitalization of $690.59 million, a P/E ratio of 35.69 and a beta of 0.92. The company has a 50-day moving average price of $21.58 and a 200-day moving average price of $19.00. Cohu, Inc. has a one year low of $10.72 and a one year high of $24.81.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, August 25th will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.24 annualized dividend and a yield of 0.97%. Cohu’s dividend payout ratio is presently 34.78%.
In other news, Director James A. Donahue sold 75,000 shares of Cohu stock in a transaction that occurred on Wednesday, August 2nd. The stock was sold at an average price of $17.87, for a total value of $1,340,250.00. Following the completion of the transaction, the director now owns 444,049 shares in the company, valued at approximately $7,935,155.63. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, VP Hock Woo Chiang sold 10,844 shares of Cohu stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $18.77, for a total value of $203,541.88. Following the completion of the transaction, the vice president now owns 90,332 shares of the company’s stock, valued at approximately $1,695,531.64. The disclosure for this sale can be found here. In the last quarter, insiders sold 235,844 shares of company stock valued at $4,736,542. Insiders own 6.46% of the company’s stock.
Several research firms have issued reports on COHU. B. Riley restated a “buy” rating and set a $25.00 price objective on shares of Cohu in a report on Thursday, July 20th. BidaskClub upgraded Cohu from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Stifel Nicolaus reiterated a “hold” rating and issued a $19.00 target price (up previously from $17.00) on shares of Cohu in a research report on Monday, July 17th. Finally, Zacks Investment Research upgraded Cohu from a “hold” rating to a “strong-buy” rating and set a $20.00 target price for the company in a research report on Friday, July 14th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $23.00.
Cohu, Inc is a supplier of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors and thermal sub-systems used by global semiconductor manufacturers and test subcontractors. It develops, manufactures, sells and services a line of equipment capable of handling a range of integrated circuits and light-emitting diodes.
Receive News & Stock Ratings for Cohu Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cohu Inc. and related stocks with our FREE daily email newsletter.