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

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

Cohu Stock Down 0.4 %

NASDAQ COHU traded down $0.09 during trading hours on Friday, hitting $21.37. 36,367 shares of the company were exchanged, compared to its average volume of 381,379. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01. The firm has a market cap of $996.06 million, a price-to-earnings ratio of -14.25 and a beta of 1.45. The company has a 50 day moving average of $24.40 and a two-hundred day moving average of $25.24. Cohu has a 52-week low of $19.52 and a 52-week high of $36.60.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. TD Cowen cut their price target on shares of Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a report on Friday, November 1st. Stifel Nicolaus cut their target price on Cohu from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Needham & Company LLC restated a “hold” rating on shares of Cohu in a research note on Friday, February 14th. B. Riley dropped their price objective on Cohu from $34.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Finally, The Goldman Sachs Group decreased their target price on Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Cohu presently has an average rating of “Hold” and a consensus target price 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.