Cohu (COHU) to Release Earnings on Wednesday

Cohu (NASDAQ:COHU) is scheduled to release its earnings data after the market closes on Wednesday, July 31st. Analysts expect Cohu to post earnings of ($0.03) per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Cohu (NASDAQ:COHU) last released its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. Cohu had a positive return on equity of 3.91% and a negative net margin of 0.38%. The firm had revenue of $107.61 million for the quarter, compared to analyst estimates of $107.00 million. On average, analysts expect Cohu to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Cohu Trading Up 1.7 %

NASDAQ COHU opened at $31.86 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.29 and a quick ratio of 4.63. Cohu has a 52-week low of $28.57 and a 52-week high of $43.99. The business’s 50-day moving average price is $32.49 and its 200 day moving average price is $31.95.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on COHU shares. Citigroup lowered Cohu from a “buy” rating to a “neutral” rating and set a $36.00 price objective on the stock. in a report on Monday, July 15th. TD Cowen lowered their price objective on Cohu from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Craig Hallum decreased their price target on Cohu from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, May 3rd. Needham & Company LLC decreased their price target on Cohu from $36.00 to $34.00 and set a “buy” rating on the stock in a research note on Monday, May 6th. Finally, B. Riley decreased their price target on Cohu from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Cohu presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.33.

Insider Buying and Selling at Cohu

In other Cohu news, Director William Bendush sold 2,591 shares of the business’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $29.83, for a total value of $77,289.53. Following the completion of the transaction, the director now directly owns 36,662 shares in the company, valued at approximately $1,093,627.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director William Bendush sold 2,591 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $29.83, for a total transaction of $77,289.53. Following the completion of the sale, the director now directly owns 36,662 shares in the company, valued at approximately $1,093,627.46. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Christopher Bohrson sold 2,000 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $30.00, for a total value of $60,000.00. Following the sale, the senior vice president now owns 130,339 shares of the company’s stock, valued at $3,910,170. The disclosure for this sale can be found here. In the last three months, insiders sold 10,091 shares of company stock worth $298,755. Insiders own 2.70% of the company’s stock.

About Cohu

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 manufacturers and test subcontractors.