Cohu, Inc. (NASDAQ:COHU) Expected to Announce Quarterly Sales of $193.50 Million

Equities analysts expect Cohu, Inc. (NASDAQ:COHUGet Rating) to announce $193.50 million in sales for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Cohu’s earnings. The lowest sales estimate is $192.00 million and the highest is $195.00 million. Cohu posted sales of $225.49 million in the same quarter last year, which would indicate a negative year over year growth rate of 14.2%. The firm is scheduled to issue its next quarterly earnings results after the market closes on Monday, January 1st.

On average, analysts expect that Cohu will report full-year sales of $820.00 million for the current financial year, with estimates ranging from $800.00 million to $840.00 million. For the next financial year, analysts expect that the firm will report sales of $887.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that that provide coverage for Cohu.

Cohu (NASDAQ:COHUGet Rating) last released its earnings results on Thursday, February 10th. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.49 by $0.17. The firm had revenue of $191.86 million for the quarter, compared to the consensus estimate of $189.14 million. Cohu had a return on equity of 17.05% and a net margin of 18.86%. The firm’s revenue was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.66 EPS.

A number of equities analysts recently commented on COHU shares. The Goldman Sachs Group reduced their price objective on Cohu from $33.00 to $28.00 and set a “sell” rating on the stock in a research report on Monday, March 28th. StockNews.com started coverage on shares of Cohu in a report on Thursday, March 31st. They issued a “hold” rating for the company. B. Riley cut Cohu from a “buy” rating to a “neutral” rating and dropped their price target for the company from $40.00 to $30.00 in a research report on Tuesday, April 12th. Finally, Zacks Investment Research lowered Cohu from a “hold” rating to a “sell” rating in a report on Tuesday. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $40.86.

COHU stock opened at $27.23 on Friday. The firm has a market cap of $1.32 billion, a PE ratio of 7.94 and a beta of 1.71. Cohu has a one year low of $25.06 and a one year high of $47.00. The company has a debt-to-equity ratio of 0.12, a quick ratio of 3.06 and a current ratio of 3.90. The firm’s fifty day moving average is $28.72 and its 200 day moving average is $32.37.

In related news, VP Ian P. Lawee sold 1,567 shares of the firm’s stock in a transaction that occurred on Wednesday, February 16th. The shares were sold at an average price of $33.00, for a total transaction of $51,711.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.33% of the company’s stock.

Hedge funds have recently modified their holdings of the business. Thrivent Financial for Lutherans boosted its holdings in Cohu by 0.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 39,623 shares of the semiconductor company’s stock worth $1,509,000 after purchasing an additional 342 shares in the last quarter. Metropolitan Life Insurance Co NY grew its position in Cohu by 2.7% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 13,213 shares of the semiconductor company’s stock worth $422,000 after purchasing an additional 344 shares during the last quarter. Cornercap Investment Counsel Inc. raised its holdings in Cohu by 1.1% in the 3rd quarter. Cornercap Investment Counsel Inc. now owns 32,833 shares of the semiconductor company’s stock valued at $1,049,000 after acquiring an additional 361 shares in the last quarter. Arizona State Retirement System increased its holdings in Cohu by 2.9% in the 3rd quarter. Arizona State Retirement System now owns 13,192 shares of the semiconductor company’s stock valued at $421,000 after buying an additional 369 shares during the period. Finally, Bank of America Corp DE lifted its stake in Cohu by 1.2% during the fourth quarter. Bank of America Corp DE now owns 38,256 shares of the semiconductor company’s stock worth $1,457,000 after purchasing an additional 456 shares during the period. 87.71% of the stock is currently owned by institutional investors.

About Cohu (Get Rating)

Cohu, Inc, through its subsidiaries, provides semiconductor test equipment and services in China, the United States, Taiwan, Malaysia, the Philippines, and internationally. The company supplies semiconductor test and inspection handlers, micro-electromechanical system (MEMS) test modules, test contactors, thermal sub-systems, and semiconductor automated test equipment for semiconductor and electronics manufacturers, and test subcontractors.

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