Cohu, Inc. Expected to Post Q2 2022 Earnings of $0.65 Per Share (NASDAQ:COHU)

Cohu, Inc. (NASDAQ:COHUGet Rating) – DA Davidson issued their Q2 2022 earnings estimates for Cohu in a note issued to investors on Wednesday, July 27th. DA Davidson analyst H. Chung anticipates that the semiconductor company will post earnings of $0.65 per share for the quarter. DA Davidson has a “Buy” rating on the stock. The consensus estimate for Cohu’s current full-year earnings is $2.50 per share. DA Davidson also issued estimates for Cohu’s FY2022 earnings at $2.78 EPS and FY2023 earnings at $3.11 EPS.

COHU has been the topic of a number of other reports. Craig Hallum reduced their target price on shares of Cohu from $46.00 to $39.00 and set a “buy” rating on the stock in a research report on Tuesday, July 12th. B. Riley lowered shares of Cohu from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $40.00 to $30.00 in a research report on Tuesday, April 12th. TheStreet upgraded shares of Cohu from a “c+” rating to a “b-” rating in a research report on Tuesday, May 24th. Finally, The Goldman Sachs Group reduced their target price on shares of Cohu from $28.00 to $25.00 in a research report on Friday, July 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $38.50.

Cohu Price Performance

Shares of Cohu stock opened at $28.58 on Friday. The company has a current ratio of 4.26, a quick ratio of 3.35 and a debt-to-equity ratio of 0.11. The stock has a market capitalization of $1.39 billion, a price-to-earnings ratio of 8.77 and a beta of 1.62. Cohu has a 1-year low of $24.06 and a 1-year high of $39.86. The firm’s 50-day moving average price is $27.73 and its two-hundred day moving average price is $29.10.

Cohu (NASDAQ:COHUGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The semiconductor company reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.18. The firm had revenue of $217.23 million for the quarter, compared to analysts’ expectations of $216.77 million. Cohu had a net margin of 18.77% and a return on equity of 15.48%. The company’s quarterly revenue was down 11.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 earnings per share.

Institutional Trading of Cohu

A number of hedge funds have recently modified their holdings of COHU. Teacher Retirement System of Texas raised its stake in Cohu by 6.7% in the 1st quarter. Teacher Retirement System of Texas now owns 9,963 shares of the semiconductor company’s stock worth $295,000 after purchasing an additional 622 shares in the last quarter. First Republic Investment Management Inc. increased its holdings in Cohu by 1.4% in the 1st quarter. First Republic Investment Management Inc. now owns 53,990 shares of the semiconductor company’s stock valued at $1,598,000 after buying an additional 724 shares during the period. New York State Teachers Retirement System increased its holdings in Cohu by 1.5% in the 4th quarter. New York State Teachers Retirement System now owns 65,884 shares of the semiconductor company’s stock valued at $2,510,000 after buying an additional 998 shares during the period. Meeder Asset Management Inc. bought a new position in Cohu in the 1st quarter valued at about $38,000. Finally, Captrust Financial Advisors grew its holdings in shares of Cohu by 96.1% during the 1st quarter. Captrust Financial Advisors now owns 2,698 shares of the semiconductor company’s stock valued at $80,000 after purchasing an additional 1,322 shares during the last quarter. Institutional investors and hedge funds own 88.46% of the company’s stock.

Insiders Place Their Bets

In related news, VP Thomas D. Kampfer sold 10,000 shares of the firm’s stock in a transaction on Friday, May 27th. The shares were sold at an average price of $30.11, for a total value of $301,100.00. Following the completion of the transaction, the vice president now owns 62,099 shares of the company’s stock, valued at $1,869,800.89. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Cohu news, VP Thomas D. Kampfer sold 10,000 shares of the stock in a transaction on Friday, May 27th. The shares were sold at an average price of $30.11, for a total value of $301,100.00. Following the completion of the sale, the vice president now owns 62,099 shares in the company, valued at $1,869,800.89. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director William Bendush sold 3,532 shares of the stock in a transaction on Friday, May 6th. The shares were sold at an average price of $28.02, for a total transaction of $98,966.64. Following the completion of the sale, the director now owns 38,907 shares of the company’s stock, valued at approximately $1,090,174.14. The disclosure for this sale can be found here. Over the last three months, insiders have sold 18,652 shares of company stock worth $539,277. Company insiders own 2.33% of the company’s stock.

Cohu Company Profile

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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.

Further Reading

Earnings History and Estimates for Cohu (NASDAQ:COHU)

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