Research Analysts Offer Predictions for Cohu FY2024 Earnings

Cohu, Inc. (NASDAQ:COHU) – Stock analysts at B. Riley dropped their FY2024 earnings estimates for shares of Cohu in a note issued to investors on Monday, February 3rd. B. Riley analyst C. Ellis now anticipates that the semiconductor company will post earnings per share of ($0.56) for the year, down from their previous forecast of ($0.39). The consensus estimate for Cohu’s current full-year earnings is ($0.46) per share. B. Riley also issued estimates for Cohu’s Q4 2024 earnings at ($0.19) EPS, Q1 2025 earnings at ($0.10) EPS and FY2025 earnings at $0.54 EPS.

COHU has been the topic of several other research reports. The Goldman Sachs Group dropped their price target on Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. Craig Hallum raised shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Friday, November 1st. Needham & Company LLC cut shares of Cohu from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, TD Cowen dropped their price target on shares of Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Cohu presently has an average rating of “Hold” and a consensus target price of $31.50.

Cohu Trading Up 3.1 %

NASDAQ:COHU opened at $23.60 on Wednesday. The company has a market capitalization of $1.10 billion, a PE ratio of -21.85 and a beta of 1.45. Cohu has a 52-week low of $21.60 and a 52-week high of $36.60. The stock’s 50 day moving average price is $25.59 and its 200 day moving average price is $25.93. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01.

Hedge Funds Weigh In On Cohu

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Franklin Resources Inc. boosted its position in Cohu by 25.9% during the third quarter. Franklin Resources Inc. now owns 3,145,692 shares of the semiconductor company’s stock worth $82,134,000 after purchasing an additional 647,828 shares in the last quarter. Lightrock Netherlands B.V. purchased a new stake in shares of Cohu during the 4th quarter valued at about $8,016,000. Leeward Investments LLC MA purchased a new position in Cohu in the fourth quarter valued at about $7,076,000. Victory Capital Management Inc. lifted its position in shares of Cohu by 7.1% during the third quarter. Victory Capital Management Inc. now owns 3,358,288 shares of the semiconductor company’s stock worth $86,308,000 after purchasing an additional 224,022 shares during the last quarter. Finally, Royce & Associates LP boosted its holdings in Cohu by 21.4% in the third quarter. Royce & Associates LP now owns 1,126,789 shares of the semiconductor company’s stock worth $28,958,000 after purchasing an additional 198,849 shares during the period. 94.67% of the stock is owned by institutional investors and hedge funds.

Cohu Company Profile

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.