Cohu (NASDAQ:COHU) Issues Quarterly Earnings Results, Misses Expectations By $0.18 EPS

Cohu (NASDAQ:COHU) announced its 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 Stock Performance

NASDAQ:COHU opened at $21.03 on Friday. The business’s 50-day moving average price is $24.28 and its two-hundred day moving average price is $25.21. Cohu has a twelve month low of $19.52 and a twelve month high of $36.60. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01.

Analysts Set New Price Targets

COHU has been the topic of several recent analyst 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 note on Friday, November 1st. Stifel Nicolaus reduced their price objective on Cohu from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, February 14th. TD Cowen reduced their price objective on Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Needham & Company LLC reiterated a “hold” rating on shares of Cohu in a research note on Friday, February 14th. Finally, B. Riley cut their target price on Cohu from $34.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Cohu currently has an average rating of “Hold” and an average price target of $30.57.

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.