Zacks: Brokerages Anticipate Cohu, Inc. (COHU) Will Post Quarterly Sales of $84.20 Million
Equities research analysts forecast that Cohu, Inc. (NASDAQ:COHU) will post sales of $84.20 million for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Cohu’s earnings. The lowest sales estimate is $84.00 million and the highest is $84.40 million. Cohu posted sales of $70.69 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 19.1%. The company is expected to issue its next quarterly earnings results on Thursday, February 15th.
On average, analysts expect that Cohu will report full-year sales of $84.20 million for the current year, with estimates ranging from $352.60 million to $353.00 million. For the next fiscal year, analysts anticipate that the business will report sales of $384.30 million per share, with estimates ranging from $377.00 million to $391.60 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for Cohu.
Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.43 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.04. Cohu had a return on equity of 14.67% and a net margin of 8.26%. The company had revenue of $93.70 million during the quarter, compared to analyst estimates of $91.43 million. During the same quarter last year, the firm posted $0.14 EPS. The firm’s revenue for the quarter was up 35.2% on a year-over-year basis.
Shares of Cohu (NASDAQ COHU) opened at $24.98 on Tuesday. Cohu has a twelve month low of $11.90 and a twelve month high of $26.17. The firm has a market capitalization of $699.85, a PE ratio of 19.03 and a beta of 0.89. The company has a quick ratio of 2.89, a current ratio of 3.62 and a debt-to-equity ratio of 0.02.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, November 17th will be paid a $0.06 dividend. The ex-dividend date of this dividend is Thursday, November 16th. This represents a $0.24 annualized dividend and a yield of 0.96%. Cohu’s dividend payout ratio is currently 24.49%.
In other Cohu news, VP Hock Woo Chiang sold 10,844 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $1,695,531.64. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James A. Donahue sold 75,000 shares of Cohu stock in a transaction dated Tuesday, September 5th. The shares were sold at an average price of $18.72, for a total value of $1,404,000.00. Following the sale, the director now owns 444,049 shares of the company’s stock, valued at approximately $8,312,597.28. The disclosure for this sale can be found here. In the last 90 days, insiders sold 232,594 shares of company stock valued at $5,172,772. 6.46% of the stock is owned by corporate insiders.
Several institutional investors and hedge funds have recently modified their holdings of COHU. SG Americas Securities LLC bought a new stake in shares of Cohu during the 3rd quarter valued at about $102,000. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Cohu during the 3rd quarter valued at about $106,000. BNP Paribas Arbitrage SA boosted its position in shares of Cohu by 67.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,085 shares of the semiconductor company’s stock valued at $127,000 after acquiring an additional 3,264 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of Cohu during the 2nd quarter valued at about $130,000. Finally, Louisiana State Employees Retirement System lifted its position in Cohu by 2.0% in the 2nd quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the semiconductor company’s stock worth $164,000 after buying an additional 200 shares during the last quarter. Hedge funds and other institutional investors own 85.13% of the company’s stock.
Cohu Company Profile
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.
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