Cohu (NASDAQ:COHU) Issues Quarterly Earnings Results

Cohu (NASDAQ:COHU) released its quarterly earnings results on Thursday. The semiconductor company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.18), Zacks reports. Cohu had a negative net margin of 17.38% and a negative return on equity of 3.18%.

Cohu Price Performance

Shares of COHU traded down $0.09 during trading hours on Friday, hitting $21.37. 36,367 shares of the stock were exchanged, compared to its average volume of 381,379. The stock’s 50-day moving average price is $24.40 and its two-hundred day moving average price is $25.24. Cohu has a 12-month low of $19.52 and a 12-month high of $36.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38. The company has a market cap of $996.06 million, a price-to-earnings ratio of -14.25 and a beta of 1.45.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on COHU. TD Cowen dropped their target price on Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Needham & Company LLC restated a “hold” rating on shares of Cohu in a research note on Friday, February 14th. Stifel Nicolaus decreased their price objective on shares of Cohu from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, February 14th. The Goldman Sachs Group dropped their target price on shares of Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. Finally, Craig Hallum upgraded shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $30.57.

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.