Cohu (COHU) Set to Announce Earnings on Thursday

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

Cohu (NASDAQ:COHU) last announced its earnings results on Wednesday, July 31st. The semiconductor company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $104.70 million for the quarter, compared to analysts’ expectations 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 2.2 %

Shares of NASDAQ COHU opened at $26.47 on Tuesday. The company has a market cap of $1.25 billion, a price-to-earnings ratio of -529.40 and a beta of 1.53. Cohu has a fifty-two week low of $22.80 and a fifty-two week high of $36.60. 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 business’s 50 day moving average price is $25.20 and its 200-day moving average price is $28.76.

Insider Transactions at Cohu

In related news, Director Nina Richardson sold 4,999 shares of Cohu stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $24.14, for a total transaction of $120,675.86. Following the transaction, the director now directly owns 28,313 shares of the company’s stock, valued at $683,475.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders sold 5,399 shares of company stock valued at $130,204. Company insiders own 2.70% of the company’s stock.

Analyst Upgrades and Downgrades

COHU has been the subject of several research reports. StockNews.com cut shares of Cohu from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Citigroup lowered Cohu from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a report on Monday, July 15th. Finally, Needham & Company LLC reduced 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. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $35.00.

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.