Wall Street brokerages expect Cohu, Inc. (NASDAQ:COHU) to announce $155.00 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Cohu’s earnings. Cohu reported sales of $99.82 million during the same quarter last year, which would suggest a positive year-over-year growth rate of 55.3%. The firm is scheduled to issue its next earnings report on Thursday, August 1st.
On average, analysts expect that Cohu will report full year sales of $651.93 million for the current financial year, with estimates ranging from $647.80 million to $658.00 million. For the next year, analysts anticipate that the company will post sales of $766.17 million, with estimates ranging from $760.00 million to $775.00 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Cohu.
Cohu (NASDAQ:COHU) last released its quarterly earnings results on Monday, May 6th. The semiconductor company reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.01). The company had revenue of $147.81 million during the quarter, compared to analysts’ expectations of $145.00 million. Cohu had a negative net margin of 12.48% and a positive return on equity of 6.17%. The company’s quarterly revenue was up 55.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.36 earnings per share.
NASDAQ:COHU traded up $0.23 during trading on Friday, reaching $16.51. The company’s stock had a trading volume of 419,246 shares, compared to its average volume of 320,409. The company has a market capitalization of $677.19 million, a PE ratio of 13.31, a price-to-earnings-growth ratio of 4.82 and a beta of 1.28. The company has a debt-to-equity ratio of 0.70, a current ratio of 3.22 and a quick ratio of 2.27. Cohu has a 12 month low of $14.08 and a 12 month high of $27.83.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 26th. Shareholders of record on Friday, June 14th will be paid a $0.06 dividend. The ex-dividend date is Thursday, June 13th. This represents a $0.24 dividend on an annualized basis and a yield of 1.45%. Cohu’s dividend payout ratio (DPR) is presently 19.35%.
In other Cohu news, Director William Bendush sold 3,000 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $16.52, for a total value of $49,560.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Jeffrey D. Jones acquired 4,000 shares of Cohu stock in a transaction on Thursday, May 23rd. The stock was acquired at an average price of $14.35 per share, with a total value of $57,400.00. The disclosure for this purchase can be found here. 3.52% of the stock is owned by corporate insiders.
Hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp boosted its holdings in shares of Cohu by 10.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 434,585 shares of the semiconductor company’s stock valued at $10,908,000 after purchasing an additional 40,299 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Cohu by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 1,634,987 shares of the semiconductor company’s stock valued at $41,038,000 after purchasing an additional 27,776 shares during the last quarter. Teachers Advisors LLC boosted its holdings in shares of Cohu by 5.3% in the 3rd quarter. Teachers Advisors LLC now owns 55,312 shares of the semiconductor company’s stock valued at $1,388,000 after purchasing an additional 2,800 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Cohu by 20.2% in the 4th quarter. Louisiana State Employees Retirement System now owns 15,271 shares of the semiconductor company’s stock valued at $245,000 after purchasing an additional 2,571 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in shares of Cohu in the 4th quarter valued at $993,000. Institutional investors own 91.62% of the company’s stock.
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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