Cohu (NASDAQ:COHU) Posts Quarterly Earnings Results, Beats Estimates By $0.08 EPS

Cohu (NASDAQ:COHU) issued its quarterly earnings results on Wednesday. The semiconductor company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08, FiscalAI reports. The company had revenue of $172.96 million for the quarter, compared to analyst estimates of $170.25 million. Cohu had a negative net margin of 7.43% and a negative return on equity of 1.96%.

Cohu Trading Up 4.2%

NASDAQ:COHU traded up $2.16 during mid-day trading on Wednesday, reaching $53.14. 1,503,077 shares of the company’s stock traded hands, compared to its average volume of 1,117,454. Cohu has a 12-month low of $21.10 and a 12-month high of $75.72. The company has a 50 day moving average price of $57.20 and a 200-day moving average price of $46.55. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.74 and a quick ratio of 4.72. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of -64.02 and a beta of 1.51.

Insider Buying and Selling

In related news, SVP Christopher Bohrson sold 10,000 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $55.82, for a total transaction of $558,200.00. Following the sale, the senior vice president directly owned 159,702 shares of the company’s stock, valued at approximately $8,914,565.64. This represents a 5.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Andrew Caggia sold 15,252 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $51.74, for a total transaction of $789,138.48. Following the transaction, the director directly owned 64,778 shares of the company’s stock, valued at $3,351,613.72. The trade was a 19.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 134,999 shares of company stock worth $8,321,309 in the last 90 days. 3.05% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. B. Riley Financial boosted their price objective on Cohu from $65.00 to $69.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Needham & Company LLC raised their target price on Cohu from $54.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Robert W. Baird started coverage on Cohu in a research note on Wednesday, July 8th. They set an “outperform” rating and a $65.00 target price on the stock. Stifel Nicolaus lifted their target price on Cohu from $50.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Finally, Craig Hallum restated a “buy” rating and set a $74.00 price target on shares of Cohu in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $68.75.

Cohu Company Profile

Cohu, Inc is a global provider of semiconductor test and inspection equipment and related services. The company supplies solutions used by semiconductor manufacturers and outsourced semiconductor assembly and test providers to evaluate devices during production, helping improve manufacturing quality, reliability and efficiency.

Cohu’s product portfolio includes semiconductor test handlers, contactors and other interface products, inspection and metrology systems, thermal-management equipment, and software for test-data analysis and factory automation.