Cohu (COHU) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.06 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.05. The company posted revenue of $65.80 million in the period, compared to analysts expectations of $64.10 million. The company’s revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.
Many Wall Street Analysts have commented on Cohu. Cohu was Initiated by Stifel to “Hold” on Feb 25, 2016.
Cohu opened for trading at $11.53 and hit $11.72 on the upside on Wednesday, eventually ending the session at $11.69, with a gain of 1.30% or 0.15 points. The heightened volatility saw the trading volume jump to 38,419 shares. Company has a market cap of $307 M.
In a different news, on May 6, 2015, Harold Harrigian (director) sold 5,000 shares at $11.25 per share price.
Cohu Inc. (Cohu) is a supplier of semiconductor test and inspection handlers micro-electro mechanical system (MEMS) test modules test contactors and thermal sub-systems for the global semiconductor industry. The Company’s semiconductor equipment segment which consists of Cohu’s Semiconductor Equipment Group (SEG) encompasses Cohu’s wholly owned subsidiaries Delta Design Inc. (Delta) which Rasco GmbH (Rasco) and Ismeca Semiconductor Holding SA (Ismeca). The Company through its subsidiaries develops manufactures and sells pick-and-place semiconductor test handling equipment thermal sub-systems gravity-feed and test-in-strip semiconductor test handling equipment MEMS test modules turret-based test handling and back-end finishing equipment for integrated circuits light emitting diodes and discrete components. The Company’s SO1000 is a gravity-feed platform that provides a solution for testing up to four devices in parallel.