Cohu, Inc. (NASDAQ:COHU – Get Rating) – Equities research analysts at DA Davidson raised their Q2 2022 earnings estimates for Cohu in a research report issued on Tuesday, July 12th. DA Davidson analyst T. Diffely now forecasts that the semiconductor company will post earnings of $0.65 per share for the quarter, up from their prior estimate of $0.62. The consensus estimate for Cohu’s current full-year earnings is $2.59 per share. DA Davidson also issued estimates for Cohu’s FY2022 earnings at $2.78 EPS. Cohu (NASDAQ:COHU – Get Rating) last posted its quarterly earnings results on Thursday, April 28th. The semiconductor company reported $0.61 EPS for the quarter, beating the consensus estimate of $0.50 by $0.11. The business had revenue of $197.76 million during the quarter, compared to analyst estimates of $195.19 million. Cohu had a net margin of 18.77% and a return on equity of 15.48%. The company’s quarterly revenue was down 12.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.83 EPS.
Other research analysts also recently issued reports about the company. The Goldman Sachs Group lowered their price objective on Cohu from $33.00 to $28.00 and set a “sell” rating for the company in a research note on Monday, March 28th. Craig Hallum dropped their price objective on shares of Cohu from $46.00 to $39.00 and set a “buy” rating on the stock in a report on Tuesday. TheStreet raised shares of Cohu from a “c+” rating to a “b-” rating in a research note on Tuesday, May 24th. StockNews.com initiated coverage on shares of Cohu in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, B. Riley downgraded Cohu from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $40.00 to $30.00 in a research report on Tuesday, April 12th. 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. Based on data from MarketBeat.com, Cohu has an average rating of “Hold” and an average target price of $39.00.
NASDAQ:COHU opened at $26.52 on Thursday. 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 50 day moving average of $27.64 and a 200-day moving average of $29.82. The firm has a market capitalization of $1.29 billion, a PE ratio of 8.13 and a beta of 1.62. Cohu has a 52 week low of $24.06 and a 52 week high of $39.86.
Several large investors have recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in Cohu by 0.7% during the first quarter. BlackRock Inc. now owns 7,391,458 shares of the semiconductor company’s stock worth $218,789,000 after buying an additional 50,706 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Cohu by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 3,684,127 shares of the semiconductor company’s stock worth $109,049,000 after acquiring an additional 21,908 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Cohu by 8.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,436,068 shares of the semiconductor company’s stock worth $72,109,000 after acquiring an additional 186,085 shares during the last quarter. Victory Capital Management Inc. grew its holdings in shares of Cohu by 34.2% in the 1st quarter. Victory Capital Management Inc. now owns 2,418,673 shares of the semiconductor company’s stock worth $71,535,000 after acquiring an additional 615,899 shares during the last quarter. Finally, State Street Corp raised its position in shares of Cohu by 9.0% during the first quarter. State Street Corp now owns 1,661,031 shares of the semiconductor company’s stock worth $49,167,000 after purchasing an additional 137,768 shares during the period. Institutional investors own 88.46% of the company’s stock.
In other news, Director William Bendush sold 3,532 shares of the company’s stock in a transaction on Friday, May 6th. The stock was sold at an average price of $28.02, for a total value of $98,966.64. Following the completion of the sale, the director now owns 38,907 shares in the company, valued at $1,090,174.14. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Thomas D. Kampfer sold 10,000 shares of Cohu stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $30.11, for a total value of $301,100.00. Following the transaction, the vice president now directly owns 62,099 shares in the company, valued at $1,869,800.89. The disclosure for this sale can be found here. Insiders have sold 18,652 shares of company stock worth $539,277 in the last quarter. Company insiders own 2.33% of the company’s stock.
Cohu Company Profile (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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