Brokerages expect Cohu, Inc. (NASDAQ:COHU) to post $0.41 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Cohu’s earnings. The lowest EPS estimate is $0.37 and the highest is $0.45. Cohu posted earnings of $0.14 per share during the same quarter last year, which would indicate a positive year-over-year growth rate of 192.9%. The company is expected to announce its next earnings results on Thursday, October 26th.
On average, analysts expect that Cohu will report full-year earnings of $1.55 per share for the current financial year, with EPS estimates ranging from $1.50 to $1.57. For the next year, analysts forecast that the company will report earnings of $1.74 per share, with EPS estimates ranging from $1.65 to $1.82. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for Cohu.
Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.42 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.03. The company had revenue of $93.90 million for the quarter, compared to analysts’ expectations of $92.91 million. Cohu had a return on equity of 11.59% and a net margin of 6.21%. Cohu’s revenue for the quarter was up 22.9% compared to the same quarter last year. During the same period last year, the firm posted $0.23 EPS.
A number of brokerages have issued reports on COHU. B. Riley restated a “buy” rating and set a $28.00 price objective on shares of Cohu in a research report on Monday. Zacks Investment Research upgraded Cohu from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective on the stock in a research report on Monday. BidaskClub upgraded Cohu from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Dougherty & Co upped their price objective on Cohu from $23.50 to $24.00 and gave the company a “buy” rating in a research report on Friday, July 28th. Finally, Stifel Nicolaus restated a “hold” rating and set a $19.00 price objective (up from $17.00) on shares of Cohu in a research report on Monday, July 17th. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $22.75.
In other news, Chairman James A. Donahue sold 25,000 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $18.11, for a total value of $452,750.00. Following the sale, the chairman now directly owns 431,328 shares in the company, valued at $7,811,350.08. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Fellenberg Ian Von sold 2,639 shares of the stock in a transaction that occurred on Tuesday, May 30th. The stock was sold at an average price of $18.21, for a total value of $48,056.19. The disclosure for this sale can be found here. Over the last quarter, insiders sold 102,639 shares of company stock worth $1,841,056. Company insiders own 5.97% of the company’s stock.
Several large investors have recently modified their holdings of COHU. Public Employees Retirement System of Ohio acquired a new stake in shares of Cohu during the second quarter valued at $383,000. Delphi Management Inc. MA acquired a new stake in shares of Cohu during the second quarter valued at $713,000. The Manufacturers Life Insurance Company increased its stake in shares of Cohu by 1.0% in the second quarter. The Manufacturers Life Insurance Company now owns 21,696 shares of the semiconductor company’s stock valued at $342,000 after buying an additional 207 shares during the last quarter. Cubist Systematic Strategies LLC increased its stake in shares of Cohu by 34.9% in the second quarter. Cubist Systematic Strategies LLC now owns 16,410 shares of the semiconductor company’s stock valued at $258,000 after buying an additional 4,243 shares during the last quarter. Finally, State Street Corp increased its stake in shares of Cohu by 3.4% in the second quarter. State Street Corp now owns 662,390 shares of the semiconductor company’s stock valued at $10,426,000 after buying an additional 21,666 shares during the last quarter. Hedge funds and other institutional investors own 78.24% of the company’s stock.
Shares of Cohu (NASDAQ COHU) traded down 1.53% during trading on Wednesday, hitting $17.37. The company had a trading volume of 229,930 shares. Cohu has a 52 week low of $10.55 and a 52 week high of $21.64. The stock has a market capitalization of $485.65 million, a P/E ratio of 25.10 and a beta of 0.88. The firm’s 50 day moving average is $17.92 and its 200-day moving average is $17.58.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, August 25th will be issued a $0.06 dividend. The ex-dividend date of this dividend is Wednesday, August 23rd. This represents a $0.24 annualized dividend and a dividend yield of 1.38%. Cohu’s payout ratio is 34.78%.
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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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