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

Cohu (NASDAQ:COHU) released its earnings results on Thursday. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.02), Zacks reports. Cohu had a negative net margin of 5.70% and a positive return on equity of 1.27%. The company had revenue of $95.30 million for the quarter, compared to analyst estimates of $95.75 million. During the same quarter in the previous year, the firm earned $0.27 EPS. The firm’s revenue was down 36.8% on a year-over-year basis. Cohu updated its Q4 2024 guidance to EPS.

Cohu Stock Performance

NASDAQ COHU opened at $27.35 on Friday. Cohu has a 1 year low of $22.80 and a 1 year high of $36.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.95 and a quick ratio of 5.09. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of -25.32 and a beta of 1.52. The company has a fifty day moving average price of $25.18 and a 200-day moving average price of $28.66.

Insider Transactions at Cohu

In other news, Director Nina Richardson sold 4,999 shares of the company’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $24.14, for a total value of $120,675.86. Following the completion of the sale, the director now owns 28,313 shares in the company, valued at $683,475.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders sold a total of 5,399 shares of company stock worth $130,204 in the last quarter. 2.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

COHU has been the topic of a number of research reports. StockNews.com downgraded shares of Cohu from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Citigroup downgraded shares of 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. The Goldman Sachs Group lowered their price objective on shares of Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a report on Friday. Craig Hallum upgraded shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Friday. Finally, TD Cowen lowered their price objective on shares of Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Friday. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Cohu has an average rating of “Hold” and an average price target of $31.50.

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.