Cohu (COHU) to Release Earnings on Thursday

Cohu (NASDAQ:COHU) will be releasing its earnings data after the market closes on Thursday, October 31st. Analysts expect Cohu to post earnings of ($0.08) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Cohu (NASDAQ:COHU) last released its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). Cohu had a positive return on equity of 1.27% and a negative net margin of 5.70%. The company had revenue of $104.70 million for the quarter, compared to the consensus estimate of $105.00 million. On average, analysts expect Cohu to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Cohu Stock Up 0.3 %

COHU stock opened at $26.55 on Wednesday. Cohu has a 52 week low of $22.80 and a 52 week high of $36.60. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of -43.52 and a beta of 1.53. The firm’s 50-day moving average is $25.21 and its two-hundred day moving average is $28.73. The company has a current ratio of 6.95, a quick ratio of 5.09 and a debt-to-equity ratio of 0.01.

Insider Buying and Selling

In related news, Director Nina Richardson sold 4,999 shares of the stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $24.14, for a total transaction of $120,675.86. Following the completion of the sale, the director now directly owns 28,313 shares in the company, valued at approximately $683,475.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders sold 5,399 shares of company stock worth $130,204. Corporate insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on COHU shares. Citigroup lowered shares of Cohu from a “buy” rating to a “neutral” rating and set a $36.00 price target on the stock. in a research report on Monday, July 15th. Needham & Company LLC reduced their price objective on Cohu from $37.00 to $33.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Finally, StockNews.com lowered Cohu from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Cohu presently has an average rating of “Hold” and an average price target of $35.00.

Cohu Company Profile

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.