Cohu (COHU) Set to Announce Quarterly Earnings on Thursday

Cohu (NASDAQ:COHU - Get Free Report) will be announcing its earnings results after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of ($0.08) per share for the quarter. Cohu has set its Q3 2024 guidance at EPS.Investors that wish to register for the company's conference call can do so using this link.

Cohu (NASDAQ:COHU - Get Free Report) last issued its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.03). Cohu had a negative net margin of 5.70% and a positive return on equity of 1.27%. The firm had revenue of $104.70 million for the quarter, compared to analyst estimates of $105.00 million. On average, analysts expect Cohu to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Cohu Trading Up 2.5 %

NASDAQ:COHU traded up $0.62 during trading hours on Thursday, hitting $25.23. The stock had a trading volume of 313,729 shares, compared to its average volume of 308,367. The business's 50 day moving average is $25.21 and its 200-day moving average is $28.92. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.09 and a current ratio of 6.95. The company has a market cap of $1.19 billion, a price-to-earnings ratio of -504.60 and a beta of 1.53. Cohu has a one year low of $22.80 and a one year high of $36.60.

Analysts Set New Price Targets

Several research firms have weighed in on COHU. StockNews.com lowered Cohu from a "hold" rating to a "sell" rating in a report on Friday, August 2nd. Needham & Company LLC cut their price objective on Cohu from $37.00 to $33.00 and set a "buy" rating on the stock in a report on Thursday, August 1st. Finally, Citigroup cut Cohu from a "buy" rating to a "neutral" rating and set a $36.00 target price for the company. in a research note on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Cohu presently has a consensus rating of "Hold" and an average price target of $35.00.

Insider Activity

In related news, Director Nina Richardson sold 4,999 shares of the stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $24.14, for a total transaction of $120,675.86. Following the completion of the transaction, the director now directly owns 28,313 shares in the company, valued at approximately $683,475.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 5,399 shares of company stock worth $130,204 over the last three months. Corporate insiders own 2.70% of the company's stock.

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.