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

Cohu (NASDAQ:COHU - Get Free Report) issued its quarterly 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. The business had revenue of $95.30 million for the quarter, compared to analysts' expectations of $95.75 million. Cohu had a positive return on equity of 1.27% and a negative net margin of 5.70%. The business's revenue for the quarter was down 36.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.27 EPS. Cohu updated its Q4 2024 guidance to EPS.

Cohu Price Performance

COHU traded up $2.43 during trading on Friday, reaching $27.35. The company's stock had a trading volume of 745,008 shares, compared to its average volume of 311,069. The company has a quick ratio of 5.09, a current ratio of 6.95 and a debt-to-equity ratio of 0.01. The firm has a fifty day simple moving average of $25.18 and a two-hundred day simple moving average of $28.66. The company has a market cap of $1.28 billion, a price-to-earnings ratio of -44.84 and a beta of 1.53. Cohu has a 1 year low of $22.80 and a 1 year high of $36.60.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on COHU shares. StockNews.com lowered 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. Needham & Company LLC boosted their target price on shares of Cohu from $27.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday. The Goldman Sachs Group decreased their price target on shares of Cohu from $26.00 to $23.00 and set a "sell" rating on the stock in a research note on Friday. Finally, Craig Hallum upgraded Cohu from a "hold" rating to a "buy" rating and set a $30.00 price objective for the company in a research note on Friday. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $31.50.

Insider Activity at Cohu

In other news, Director Nina Richardson sold 4,999 shares of Cohu stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $24.14, for a total transaction of $120,675.86. Following the transaction, the director now owns 28,313 shares in the company, valued at $683,475.82. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last 90 days, insiders sold 5,399 shares of company stock valued at $130,204. 2.70% of the stock is currently owned by 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.