Cohu, Inc. (NASDAQ:COHU - Free Report) - Investment analysts at B. Riley dropped their FY2024 earnings per share (EPS) estimates for Cohu in a research note issued to investors on Monday, February 3rd. B. Riley analyst C. Ellis now forecasts that the semiconductor company will post earnings per share of ($0.56) for the year, down from their prior estimate of ($0.39). The consensus estimate for Cohu's current full-year earnings is ($0.51) per share. B. Riley also issued estimates for Cohu's Q4 2024 earnings at ($0.19) EPS, Q1 2025 earnings at ($0.10) EPS and FY2025 earnings at $0.54 EPS.
Several other equities research analysts have also recently commented on COHU. The Goldman Sachs Group cut their target price on Cohu from $26.00 to $23.00 and set a "sell" rating on the stock in a research note on Friday, November 1st. Craig Hallum raised shares of Cohu from a "hold" rating to a "buy" rating and set a $30.00 price objective for the company in a report on Friday, November 1st. TD Cowen cut their price target on shares of Cohu from $36.00 to $30.00 and set a "buy" rating for the company in a report on Friday, November 1st. Finally, Needham & Company LLC downgraded shares of Cohu from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $31.50.
Check Out Our Latest Research Report on Cohu
Cohu Trading Down 5.3 %
Shares of Cohu stock traded down $1.21 during trading on Wednesday, hitting $21.72. 511,993 shares of the company were exchanged, compared to its average volume of 354,178. The firm has a market capitalization of $1.01 billion, a P/E ratio of -20.11 and a beta of 1.45. Cohu has a 1-year low of $21.60 and a 1-year high of $36.60. The firm's fifty day moving average price is $25.43 and its 200 day moving average price is $25.83. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69.
Institutional Investors Weigh In On Cohu
A number of institutional investors have recently made changes to their positions in the business. First Horizon Advisors Inc. boosted its position in Cohu by 49.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company's stock valued at $42,000 after buying an additional 535 shares during the period. KBC Group NV grew its position in Cohu by 75.7% during the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company's stock valued at $70,000 after purchasing an additional 1,132 shares during the last quarter. Orion Portfolio Solutions LLC grew its position in Cohu by 3.2% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 36,725 shares of the semiconductor company's stock valued at $944,000 after purchasing an additional 1,141 shares during the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of Cohu by 5.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,002 shares of the semiconductor company's stock valued at $794,000 after acquiring an additional 1,247 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Cohu by 413.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company's stock valued at $46,000 after acquiring an additional 1,401 shares during the last quarter. Hedge funds and other institutional investors own 94.67% of the company's stock.
Cohu Company Profile
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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.
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