Cohu, Inc. (NASDAQ:COHU) issued its quarterly earnings data on Thursday. The semiconductor company reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.04, Bloomberg Earnings reports. Cohu had a return on equity of 11.59% and a net margin of 6.21%. The business had revenue of $93.70 million for the quarter, compared to the consensus estimate of $91.43 million. During the same period last year, the business earned $0.14 EPS. The firm’s revenue was up 35.2% compared to the same quarter last year.
A number of research analysts recently weighed in on COHU shares. Zacks Investment Research raised Cohu from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective on the stock in a research note on Monday, August 21st. ValuEngine downgraded Cohu from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Needham & Company LLC reissued a “buy” rating and issued a $24.00 price objective on shares of Cohu in a research note on Friday, October 27th. BidaskClub raised Cohu from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and issued a $19.00 target price (up previously from $17.00) on shares of Cohu in a report on Monday, July 17th. Three investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $23.00.
In other Cohu news, Director James A. Donahue sold 75,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The stock was 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 in the company, valued at $8,312,597.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, VP Hock Woo Chiang sold 10,844 shares of the company’s stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $18.77, for a total value of $203,541.88. Following the completion of the sale, the vice president now owns 90,332 shares in the company, valued at approximately $1,695,531.64. The disclosure for this sale can be found here. Insiders sold 197,594 shares of company stock worth $4,306,222 in the last 90 days. Corporate insiders own 6.46% of the company’s stock.
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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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