Cohu Inc. (NASDAQ:COHU) Relative Strength Index (RSI) is 43.33, with weekly volatility at 4.60% and ATR at 2.24. The COHU stock’s 52-week price range has touched low of $14.64 and a $51.86 high. Intraday shares traded counted 0.34 million, which was 54.43% higher than its 30-day average trading volume of 754.89K. Its shares traded higher over the last trading session, gaining 1.75% on 05/20/21. The shares fell to a low of $36.10 before closing at $37.20. COHU’s previous close was $36.56 while the outstanding shares total 43.76M. The firm has a beta of 1.80, a 12-month trailing P/E ratio of 54.07.
Investors have identified the Semiconductor Equipment & Materials company Cohu Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $1.71 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Cohu Inc. (COHU) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For COHU, the company has in raw cash 143.12 million on their books with 8.85 million currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 675.72 million total, with 208.03 million as their total liabilities.
COHU were able to record 3.44 million as free cash flow during the 07/29/2021 quarter of the year, this saw their quarterly net cash flow reduce by -6.24 million. In cash movements, the company had a total of 6.14 million as operating cash flow.
Potential earnings growth for Cohu Inc. (COHU)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 07/29/2021 quarter of the year, Cohu Inc. recorded a total of 225.49 million in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 38.39% coming in sequential stages and their sales for the 07/29/2021 quarter increasing by 10.26%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 123.28 million trying to sell their products during the last quarter, with the result yielding a gross income of 102.2 million. This allows shareholders to hold on to 43.76M with the recently reported earning now reading 0.63 cents per share. This is a figure that compared to analyst’s prediction for their 07/29/2021 (0.83 cents a share).
Having a look at the company’s valuation, the company is expected to record 3.18 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on COHU sounds very interesting.
Is the stock of COHU attractive?
In related news, Director, CAGGIA ANDREW M sold 4,850 shares of the company’s stock in a transaction that recorded on May 12. The sale was performed at an average price of 35.28, for a total value of 171,108. As the sale deal closes, the Director, DONAHUE JAMES A now sold 6,699 shares of the company’s stock, valued at 298,239. Also, Director, DONAHUE JAMES A sold 20,000 shares of the company’s stock in a deal that was recorded on Mar 01. The shares were price at an average price of 44.86 per share, with a total market value of 897,200. Following this completion of acquisition, the Director, DONAHUE JAMES A now holds 20,000 shares of the company’s stock, valued at 832,761. In the last 6 months, insiders have changed their ownership in shares of company stock by 3.40%.
6 out of 7 analysts covering the stock have rated it a Buy, while 1 have maintained a Hold recommendation on Cohu Inc.. 0 analysts has assigned a Sell rating on the COHU stock. The 12-month mean consensus price target for the company’s shares has been set at $62.00.