Cohu, Inc. (NASDAQ:COHU) Expected to Post Quarterly Sales of $223.50 Million


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Wall Street brokerages expect that Cohu, Inc. (NASDAQ:COHU) will post sales of $223.50 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Cohu’s earnings. The highest sales estimate is $225.00 million and the lowest is $222.00 million. Cohu posted sales of $138.92 million during the same quarter last year, which would indicate a positive year over year growth rate of 60.9%. The business is expected to issue its next quarterly earnings report on Tuesday, May 4th.

On average, analysts expect that Cohu will report full year sales of $880.00 million for the current fiscal year, with estimates ranging from $846.00 million to $914.00 million. For the next financial year, analysts expect that the firm will report sales of $921.50 million, with estimates ranging from $888.00 million to $955.00 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for Cohu.

Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Wednesday, February 10th. The semiconductor company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.12. The business had revenue of $202.36 million for the quarter, compared to analysts’ expectations of $198.15 million. Cohu had a positive return on equity of 1.57% and a negative net margin of 7.98%.

Several research firms have recently issued reports on COHU. Craig Hallum lifted their target price on shares of Cohu from $45.00 to $73.00 in a report on Friday, February 12th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Cohu from $38.00 to $43.00 in a report on Thursday, December 17th. B. Riley lifted their target price on shares of Cohu from $72.00 to $74.00 and gave the company a “buy” rating in a report on Friday, March 5th. Finally, Needham & Company LLC boosted their price objective 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 analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and an average target price of $44.25.

Shares of COHU stock traded up $0.95 during trading hours on Friday, hitting $49.86. 7,434 shares of the company’s stock traded hands, compared to its average volume of 714,744. The stock’s fifty day simple moving average is $43.59 and its two-hundred day simple moving average is $34.96. Cohu has a 12-month low of $12.30 and a 12-month high of $51.86. The stock has a market cap of $2.40 billion, a price-to-earnings ratio of -44.59 and a beta of 1.79. The company has a quick ratio of 2.09, a current ratio of 3.03 and a debt-to-equity ratio of 0.70.

In other news, Director James A. Donahue sold 20,000 shares of the business’s stock in a transaction on Friday, February 19th. The shares were sold at an average price of $48.00, for a total transaction of $960,000.00. Following the completion of the sale, the director now owns 387,056 shares of the company’s stock, valued at approximately $18,578,688. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 60,000 shares of company stock valued at $2,764,000. Insiders own 3.07% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. boosted its holdings in Cohu by 2.2% in the 4th quarter. BlackRock Inc. now owns 6,359,112 shares of the semiconductor company’s stock worth $242,791,000 after buying an additional 139,522 shares during the period. State Street Corp lifted its stake in Cohu by 1.0% in the 3rd quarter. State Street Corp now owns 1,364,058 shares of the semiconductor company’s stock worth $23,435,000 after purchasing an additional 13,153 shares in the last quarter. Paradigm Capital Management Inc. NY lifted its stake in Cohu by 21.1% in the 4th quarter. Paradigm Capital Management Inc. NY now owns 606,049 shares of the semiconductor company’s stock worth $23,139,000 after purchasing an additional 105,800 shares in the last quarter. Thornburg Investment Management Inc. purchased a new stake in Cohu in the 4th quarter worth $21,920,000. Finally, Bank of New York Mellon Corp lifted its stake in Cohu by 3.5% in the 4th quarter. Bank of New York Mellon Corp now owns 444,236 shares of the semiconductor company’s stock worth $16,962,000 after purchasing an additional 15,221 shares in the last quarter. 84.32% of the stock is owned by 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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