Cohu (COHU) Stock Price, News & Analysis

Company Overview

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. It also provides semiconductor automated test equipment for wafer level and device package testing; various test handlers, including pick-and-place, turret, gravity, strip, and MEMS and thermal sub-systems; interface products comprising test contactors, and probe heads and pins; spares and kits; various parts and labor warranties on test and handling systems, and instruments; and training on the maintenance and operation of its systems, as well as application, data management software, and consulting services on its products. In addition, the company offers data analytics product that includes DI-Core, a software suite used to optimize Cohu equipment performance, which provides real-time online performance monitoring and process control. It markets its products through direct sales force and independent sales representatives. The company was formerly known as Cohu Electronics, Inc. and changed its name to Cohu, Inc. in 1972. The company was incorporated in 1947 and is headquartered in Poway, California.

Key Stats

• Today's Range: $24.98 to $25.51
• 50-Day Range: $23.81 to $28.57
• 52-Week Range: $22.80 to $36.60
• Volume: 272,637 shs
• Average Volume: 312,385 shs
• Market Capitalization: $1.18 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $31.50
• Consensus Rating: Moderate Buy

Cohu Stock Analysis - MarketRank™

Cohu scored higher than 35% of companies evaluated by MarketBeat, and ranked 563rd out of 660 stocks in the computer and technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.3 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Cohu has received a consensus rating of Moderate Buy. The company's average rating score is 2.50, and is based on 4 buy ratings, 1 hold rating, and 1 sell rating.

Amount of Analyst Coverage

Cohu has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.6 / 5
• Proj. Earnings Growth: Growing

Earnings Growth

Earnings for Cohu are expected to grow in the coming year, from ($0.46) to $0.56 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Cohu is -23.48, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Cohu is -23.48, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Book Value per Share Ratio

Cohu has a P/B Ratio of 1.27. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

3.28% of the float of Cohu has been sold short.

Short Interest Ratio / Days to Cover

Cohu has a short interest ratio ("days to cover") of 4.7.

Change versus previous month

Short interest in Cohu has recently increased by 31.86%, indicating that investor sentiment is decreasing significantly.

Dividend

• Score: 0.8 / 5
• Dividend Strength: Weak

Dividend Yield

Cohu does not currently pay a dividend.

Dividend Growth

Cohu does not have a long track record of dividend growth.

Dividend Sustainability

Based on earnings estimates, Cohu will have a dividend payout ratio of 42.86% next year. This indicates that Cohu will be able to sustain or increase its dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.28% of the float of Cohu has been sold short.

Short Interest Ratio / Days to Cover

Cohu has a short interest ratio ("days to cover") of 4.7.

Change versus previous month

Short interest in Cohu has recently increased by 31.86%, indicating that investor sentiment is decreasing significantly.

News and Social Media

• Score: 2.0 / 5
• News Sentiment: 0.65

News Sentiment

Cohu has a news sentiment score of 0.65. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.50 average news sentiment score of Computer and Technology companies.

News Coverage This Week

MarketBeat has tracked 4 news articles for Cohu this week, compared to 4 articles on an average week.

Company Ownership

• Score: 2.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Cohu insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $135,850.00 in company stock.

Percentage Held by Insiders

Only 2.70% of the stock of Cohu is held by insiders.

Percentage Held by Institutions

94.67% of the stock of Cohu is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

COHU Stock Analysis - Frequently Asked Questions

How have COHU shares performed this year?

Cohu's stock was trading at $35.39 at the beginning of 2024. Since then, COHU stock has decreased by 28.3% and is now trading at $25.36.
View the best growth stocks for 2024 here.

How were Cohu's earnings last quarter?

Cohu, Inc. (NASDAQ:COHU) announced its quarterly earnings results on Thursday, October, 31st. The semiconductor company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by $0.02. Cohu's quarterly revenue was down 36.8% compared to the same quarter last year.

Does Cohu have any subsidiaries?

Cohu subsidiaries include Xcerra, Kita Manufacturing, Ismeca, Rasco, KryoTech, Schlumberger - Automated Systems Business, Cohu Foreign Sales Corp, and others.

Who are Cohu's major shareholders?

Cohu's top institutional investors include Victory Capital Management Inc. (7.16%), State Street Corp (3.85%), Thrivent Financial for Lutherans (3.14%) and Royce & Associates LP (2.40%). Insiders that own company stock include Jeffrey D Jones, Christopher Bohrson, Steven J Bilodeau, Ian P Lawee, Thomas D Kampfer and William Bendush.
View institutional ownership trends.

How do I buy shares of Cohu?

Shares of COHU stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Cohu own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Cohu investors own include NVIDIA (NVDA), Meta Platforms (META), Advanced Micro Devices (AMD), Tesla (TSLA), Netflix (NFLX), Broadcom (AVGO) and JPMorgan Chase & Co. (JPM).

Company Calendar

• Last Earnings: 10/31/2024
• Today: 11/19/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 2/20/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Computer and Technology
• Industry: Instruments to measure electricity
• Sub-Industry: Semiconductor Equipment
• Current Symbol: NASDAQ:COHU
• CUSIP: 19257610
• CIK: 21535
• Web: www.cohu.com
• Phone: (858) 848-8100
• Fax: 858-848-8185
• Employees: 3,259
• Year Founded: 1957

Price Target and Rating

• Average Stock Price Target: $31.50
• High Stock Price Target: $40.00
• Low Stock Price Target: $23.00
• Potential Upside/Downside: +25.1%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.50
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($1.08)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: $28.16 million
• Net Margins: -11.35%
• Pretax Margin: -10.37%
• Return on Equity: -1.01%
• Return on Assets: -0.86%

Debt

• Debt-to-Equity Ratio: 0.01
• Current Ratio: 6.38
• Quick Ratio: 4.69

Sales & Book Value

• Annual Sales: $636.32 million
• Price / Sales: 1.84
• Cash Flow: $2.47 per share
• Price / Cash Flow: 10.21
• Book Value: $20.00 per share
• Price / Book: 1.26

Miscellaneous

• Outstanding Shares: 46,610,000
• Free Float: 45,355,000
• Market Cap: $1.17 billion
• Optionable: Optionable
• Beta: 1.52