Cohu (NASDAQ:COHU) Releases Quarterly Earnings Results, Misses Estimates By $0.02 EPS

Cohu (NASDAQ:COHU) announced its quarterly earnings data on Thursday. The semiconductor company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.02), Zacks reports. The company had revenue of $95.30 million during the quarter, compared to analysts’ expectations of $95.75 million. Cohu had a negative net margin of 5.70% and a positive return on equity of 1.27%. The business’s revenue for the quarter was down 36.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 earnings per share. Cohu updated its Q4 2024 guidance to EPS.

Cohu Price Performance

Shares of NASDAQ COHU opened at $27.35 on Friday. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -44.84 and a beta of 1.53. Cohu has a 12 month low of $22.80 and a 12 month high of $36.60. The firm’s 50 day simple moving average is $25.18 and its 200-day simple moving average is $28.66. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.95 and a quick ratio of 5.09.

Analysts Set New Price Targets

Several equities analysts recently weighed in on COHU shares. Citigroup downgraded shares of Cohu from a “buy” rating to a “neutral” rating and set a $36.00 price target on the stock. in a report on Monday, July 15th. StockNews.com downgraded shares of Cohu from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. The Goldman Sachs Group cut their price target on shares of Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a report on Friday. Needham & Company LLC increased their price target on shares of Cohu from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Friday. Finally, Craig Hallum upgraded shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Friday. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Cohu currently has an average rating of “Hold” and a consensus target price of $31.50.

Insider Transactions at Cohu

In other news, Director Nina Richardson sold 4,999 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $24.14, for a total transaction of $120,675.86. Following the sale, the director now owns 28,313 shares of the company’s stock, valued at $683,475.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 5,399 shares of company stock valued at $130,204 in the last 90 days. 2.70% of the stock is currently owned by company insiders.

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.