Cohu, Inc. (NASDAQ:COHU) Expected to Announce Quarterly Sales of $143.00 Million

Wall Street analysts forecast that Cohu, Inc. (NASDAQ:COHU) will post $143.00 million in sales for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Cohu’s earnings. Cohu reported sales of $86.16 million during the same quarter last year, which indicates a positive year over year growth rate of 66%. The company is expected to announce its next quarterly earnings report on Monday, November 4th.

According to Zacks, analysts expect that Cohu will report full-year sales of $602.63 million for the current fiscal year, with estimates ranging from $578.80 million to $647.80 million. For the next year, analysts forecast that the firm will post sales of $698.77 million, with estimates ranging from $660.00 million to $775.00 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Cohu.

Cohu (NASDAQ:COHU) last posted its quarterly earnings results on Monday, August 5th. The semiconductor company reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.06). Cohu had a positive return on equity of 1.47% and a negative net margin of 16.93%. The firm had revenue of $150.01 million for the quarter, compared to analyst estimates of $152.50 million. The firm’s quarterly revenue was up 50.3% compared to the same quarter last year. During the same period last year, the company posted $0.64 earnings per share.

Several analysts have recently commented on COHU shares. Stifel Nicolaus raised Cohu from a “hold” rating to a “buy” rating and increased their price objective for the stock from $18.50 to $22.00 in a research note on Tuesday, May 7th. BidaskClub downgraded Cohu from a “sell” rating to a “strong sell” rating in a research note on Friday, August 9th. Zacks Investment Research raised Cohu from a “sell” rating to a “hold” rating in a research note on Thursday, August 1st. Finally, ValuEngine downgraded Cohu from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, August 7th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Cohu has an average rating of “Buy” and an average target price of $24.67.

Shares of Cohu stock traded up $0.17 on Friday, hitting $12.71. The company had a trading volume of 376,100 shares, compared to its average volume of 334,662. The stock has a market capitalization of $536.71 million, a price-to-earnings ratio of 10.25 and a beta of 1.28. Cohu has a 1 year low of $12.39 and a 1 year high of $26.98. The stock has a 50 day moving average of $14.59 and a 200-day moving average of $15.74. The company has a debt-to-equity ratio of 0.73, a quick ratio of 2.08 and a current ratio of 3.01.

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Friday, August 23rd will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.89%. The ex-dividend date is Thursday, August 22nd. Cohu’s payout ratio is 19.35%.

In other Cohu news, CFO Jeffrey D. Jones purchased 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 8th. The stock was bought at an average cost of $13.07 per share, with a total value of $39,210.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.52% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Voce Capital Management LLC purchased a new stake in shares of Cohu during the second quarter valued at approximately $1,233,000. Nuveen Asset Management LLC purchased a new stake in shares of Cohu during the second quarter valued at approximately $2,351,000. Victory Capital Management Inc. increased its position in shares of Cohu by 1.6% during the second quarter. Victory Capital Management Inc. now owns 297,943 shares of the semiconductor company’s stock valued at $4,597,000 after acquiring an additional 4,816 shares during the last quarter. Citadel Advisors LLC increased its position in shares of Cohu by 9.4% during the second quarter. Citadel Advisors LLC now owns 54,530 shares of the semiconductor company’s stock valued at $841,000 after acquiring an additional 4,669 shares during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Cohu during the second quarter valued at approximately $307,000. 92.29% of the stock is owned by institutional investors.

About Cohu

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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