Wall Street analysts predict that Cohu, Inc. (NASDAQ:COHU) will report sales of $92.05 million for the current fiscal quarter, according to Zacks. Two analysts have provided estimates for Cohu’s earnings, with estimates ranging from $92.00 million to $92.10 million. Cohu reported sales of $93.65 million during the same quarter last year, which indicates a negative year-over-year growth rate of 1.7%. The company is scheduled to issue its next earnings report on Thursday, November 1st.

According to Zacks, analysts expect that Cohu will report full year sales of $381.00 million for the current fiscal year. For the next financial year, analysts expect that the company will post sales of $415.25 million per share, with estimates ranging from $410.00 million to $420.50 million. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Cohu.

Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Thursday, August 2nd. The semiconductor company reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.17. The firm had revenue of $99.80 million for the quarter, compared to the consensus estimate of $99.57 million. Cohu had a net margin of 9.50% and a return on equity of 15.21%. The business’s revenue for the quarter was up 6.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 EPS.

A number of equities analysts recently weighed in on COHU shares. BidaskClub downgraded shares of Cohu from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 12th. ValuEngine raised shares of Cohu from a “hold” rating to a “buy” rating in a report on Friday, June 1st. Stifel Nicolaus downgraded shares of Cohu from a “buy” rating to a “hold” rating in a report on Monday, May 28th. Finally, Zacks Investment Research downgraded shares of Cohu from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $27.00.

COHU opened at $23.99 on Friday. The company has a current ratio of 3.66, a quick ratio of 2.93 and a debt-to-equity ratio of 0.01. The firm has a market cap of $710.97 million, a price-to-earnings ratio of 17.90 and a beta of 1.00. Cohu has a 1 year low of $18.31 and a 1 year high of $27.83.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 19th. Investors of record on Friday, August 24th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date is Thursday, August 23rd. Cohu’s dividend payout ratio (DPR) is currently 17.91%.

In related news, VP Hock Woo Chiang sold 15,825 shares of the business’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $27.59, for a total value of $436,611.75. Following the transaction, the vice president now directly owns 71,947 shares of the company’s stock, valued at approximately $1,985,017.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 3.88% of the stock is currently owned by insiders.

Large investors have recently modified their holdings of the stock. Cowen Inc. purchased a new stake in Cohu in the second quarter worth approximately $1,020,000. B. Riley Financial Inc. purchased a new stake in Cohu in the second quarter worth approximately $577,000. California Public Employees Retirement System purchased a new stake in Cohu in the second quarter worth approximately $208,000. Voce Capital Management LLC purchased a new stake in Cohu in the second quarter worth approximately $1,519,000. Finally, Macquarie Group Ltd. boosted its stake in Cohu by 182.5% in the second quarter. Macquarie Group Ltd. now owns 21,051 shares of the semiconductor company’s stock worth $516,000 after buying an additional 13,600 shares in the last quarter. 98.42% of the stock is currently owned by institutional investors.

Cohu Company Profile

Cohu, Inc, through its subsidiaries, engages in the development, manufacture, sale, and servicing of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, and thermal sub-systems for semiconductor manufacturers and test subcontractors worldwide.

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