Cohu (COHU) Set to Announce Quarterly Earnings on Thursday

Cohu (NASDAQ:COHU) will be issuing its quarterly earnings data 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.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported ($0.12) 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 company 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 Down 0.5 %

COHU stock opened at $24.61 on Thursday. The firm has a market cap of $1.16 billion, a P/E ratio of -492.20 and a beta of 1.53. Cohu has a 1-year low of $22.80 and a 1-year high of $36.60. The business’s 50 day moving average is $25.21 and its 200-day moving average is $28.92. The company has a current ratio of 6.95, a quick ratio of 5.09 and a debt-to-equity ratio of 0.01.

Insiders Place Their Bets

In related news, Director Nina Richardson sold 4,999 shares of the business’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $24.14, for a total value of $120,675.86. Following the sale, the director now directly owns 28,313 shares in the company, valued at approximately $683,475.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 5,399 shares of company stock valued at $130,204 in the last 90 days. 2.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

COHU has been the subject of several recent research reports. Needham & Company LLC dropped their target price on shares of Cohu from $37.00 to $33.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. StockNews.com downgraded Cohu from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Finally, Citigroup downgraded Cohu from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a report on Monday, July 15th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target 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.