Brokerages expect that Cohu, Inc. (NASDAQ:COHU) will report $223.50 million in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Cohu’s earnings, with the highest sales estimate coming in at $225.00 million and the lowest estimate coming in at $222.00 million. Cohu posted sales of $138.92 million during the same quarter last year, which suggests a positive year-over-year growth rate of 60.9%. The firm is expected to report its next quarterly earnings report on Tuesday, May 4th.
According to Zacks, analysts expect that Cohu will report full-year sales of $880.00 million for the current year, with estimates ranging from $846.00 million to $914.00 million. For the next financial year, analysts forecast that the company will report sales of $921.50 million, with estimates ranging from $888.00 million to $955.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Cohu.
Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Wednesday, February 10th. The semiconductor company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.12. The company had revenue of $202.36 million for the quarter, compared to the consensus estimate of $198.15 million. Cohu had a negative net margin of 7.98% and a positive return on equity of 1.57%.
A number of analysts have issued reports on COHU shares. Craig Hallum lifted their price target on shares of Cohu from $45.00 to $73.00 in a report on Friday, February 12th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Cohu from $38.00 to $43.00 in a report on Thursday, December 17th. B. Riley boosted their target price on shares of Cohu from $72.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, March 5th. Finally, Needham & Company LLC boosted their target price on shares of Cohu from $50.00 to $55.00 and gave the stock a “buy” rating in a report on Friday, February 12th. Seven investment analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average target price of $44.25.
NASDAQ COHU traded down $0.46 on Friday, reaching $49.84. The company had a trading volume of 360,816 shares, compared to its average volume of 708,750. The company has a quick ratio of 2.09, a current ratio of 3.03 and a debt-to-equity ratio of 0.70. The stock has a market capitalization of $2.40 billion, a PE ratio of -44.90 and a beta of 1.79. The firm’s 50 day moving average price is $43.61 and its 200 day moving average price is $35.28. Cohu has a 12 month low of $12.30 and a 12 month high of $51.86.
In related news, Director James A. Donahue sold 20,000 shares of Cohu stock in a transaction dated Wednesday, February 24th. The shares were sold at an average price of $44.66, for a total transaction of $893,200.00. Following the completion of the transaction, the director now directly owns 374,379 shares of the company’s stock, valued at approximately $16,719,766.14. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders have sold 60,000 shares of company stock valued at $2,764,000. 3.07% of the stock is owned by corporate insiders.
Several hedge funds have recently added to or reduced their stakes in the stock. Everence Capital Management Inc. purchased a new position in shares of Cohu during the 1st quarter worth about $304,000. Amundi Pioneer Asset Management Inc. purchased a new stake in Cohu in the 4th quarter valued at about $13,573,000. Hsbc Holdings PLC purchased a new stake in Cohu in the 4th quarter valued at about $215,000. Truist Financial Corp purchased a new stake in Cohu in the 4th quarter valued at about $202,000. Finally, Voloridge Investment Management LLC purchased a new stake in Cohu in the 4th quarter valued at about $985,000. 84.32% of the stock is owned by hedge funds and other institutional investors.
Cohu Company Profile
Cohu, Inc, through its subsidiaries, engages in the semiconductor test and inspection equipment, and printed circuit board (PCB) test equipment businesses in China, the United States, Taiwan, Malaysia, the Philippines, and internationally. It supplies semiconductor test and inspection handlers, micro-electromechanical system (MEMS) test modules, test contactors, thermal sub-systems, semiconductor automated test equipment, and bare board PCB test systems for semiconductor and electronics manufacturers, and test subcontractors.
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