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.

COHU has been the subject of several recent research reports. Zacks Investment Research raised Cohu from a “hold” rating to a “strong-buy” rating and set a $29.00 price objective for the company in a report on Tuesday, November 7th. ValuEngine downgraded Cohu from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Needham & Company LLC restated a “buy” rating and issued a $24.00 target price on shares of Cohu in a research note on Friday, October 27th. Dougherty & Co raised their target price on Cohu from $23.50 to $24.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Finally, B. Riley raised their target price on Cohu from $28.00 to $31.00 and gave the stock a “buy” rating in a research note on Friday, November 3rd. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $25.40.

TRADEMARK VIOLATION NOTICE: This piece of content was first posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this piece of content on another domain, it was illegally stolen and reposted in violation of international copyright and trademark laws. The original version of this piece of content can be read at https://www.thecerbatgem.com/2017/11/21/zacks-brokerages-anticipate-cohu-inc-cohu-will-post-quarterly-sales-of-84-20-million.html.

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.

Get a free copy of the Zacks research report on Cohu (COHU)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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.