Analysts expect Cohu, Inc. (NASDAQ:COHU) to announce $138.50 million in sales for the current quarter, Zacks reports. Two analysts have made estimates for Cohu’s earnings, with the highest sales estimate coming in at $139.00 million and the lowest estimate coming in at $138.00 million. Cohu posted sales of $170.64 million during the same quarter last year, which would indicate a negative year over year growth rate of 18.8%. The business is expected to report its next quarterly earnings results on Tuesday, March 10th.
According to Zacks, analysts expect that Cohu will report full year sales of $579.80 million for the current fiscal year, with estimates ranging from $579.30 million to $580.30 million. For the next year, analysts forecast that the company will post sales of $659.60 million, with estimates ranging from $659.20 million to $660.00 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Cohu.
Cohu (NASDAQ:COHU) last posted its quarterly earnings results on Sunday, November 3rd. The semiconductor company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.06) by $0.18. The business had revenue of $143.50 million for the quarter, compared to analyst estimates of $142.99 million. Cohu had a positive return on equity of 0.35% and a negative net margin of 17.84%. Cohu’s revenue for the quarter was up 66.5% compared to the same quarter last year. During the same period last year, the company earned $0.30 EPS.
In related news, Director Steven J. Bilodeau sold 5,000 shares of the stock in a transaction dated Wednesday, November 13th. The shares were sold at an average price of $20.00, for a total value of $100,000.00. Following the completion of the transaction, the director now directly owns 97,600 shares of the company’s stock, valued at $1,952,000. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, VP Pascal Ronde sold 10,000 shares of the stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $19.45, for a total transaction of $194,500.00. Following the completion of the transaction, the vice president now directly owns 152,705 shares of the company’s stock, valued at $2,970,112.25. The disclosure for this sale can be found here. 3.52% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of the business. BlackRock Inc. boosted its holdings in shares of Cohu by 3.2% during the 2nd quarter. BlackRock Inc. now owns 6,196,120 shares of the semiconductor company’s stock valued at $95,606,000 after buying an additional 192,469 shares in the last quarter. Systematic Financial Management LP grew its holdings in Cohu by 17.3% in the third quarter. Systematic Financial Management LP now owns 1,346,864 shares of the semiconductor company’s stock worth $18,189,000 after purchasing an additional 198,366 shares during the period. State Street Corp increased its stake in shares of Cohu by 0.4% during the third quarter. State Street Corp now owns 1,311,724 shares of the semiconductor company’s stock valued at $17,793,000 after purchasing an additional 4,883 shares in the last quarter. Renaissance Technologies LLC increased its stake in shares of Cohu by 42.8% during the second quarter. Renaissance Technologies LLC now owns 988,254 shares of the semiconductor company’s stock valued at $15,249,000 after purchasing an additional 296,300 shares in the last quarter. Finally, Northern Trust Corp increased its stake in shares of Cohu by 3.5% during the second quarter. Northern Trust Corp now owns 875,877 shares of the semiconductor company’s stock valued at $13,515,000 after purchasing an additional 29,280 shares in the last quarter. Hedge funds and other institutional investors own 91.37% of the company’s stock.
COHU stock traded up $0.50 during midday trading on Friday, hitting $18.05. The company had a trading volume of 1,931 shares, compared to its average volume of 298,045. The stock has a market cap of $732.07 million, a price-to-earnings ratio of 14.58 and a beta of 1.40. Cohu has a 52 week low of $11.37 and a 52 week high of $20.45. The company has a current ratio of 3.10, a quick ratio of 2.14 and a debt-to-equity ratio of 0.76. The stock’s 50 day moving average price is $17.49 and its 200 day moving average price is $15.15.
The firm also recently announced a dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, November 14th. Cohu’s dividend payout ratio (DPR) is presently 19.35%.
Cohu Company Profile
Cohu, Inc, through its subsidiaries, provides semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, thermal sub-systems, semiconductor automated test equipment (ATE), and bare board printed circuit board (PCB) test systems for semiconductor and electronics manufacturers, and test subcontractors worldwide.
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