B. Riley Estimates Cohu’s FY2024 Earnings (NASDAQ:COHU)

Cohu, Inc. (NASDAQ:COHU) – B. Riley cut their FY2024 earnings estimates for Cohu in a research report issued on Monday, February 3rd. B. Riley analyst C. Ellis now forecasts that the semiconductor company will post earnings of ($0.56) per share for the year, down from their prior 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. TD Cowen lowered their target price on shares of Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Craig Hallum upgraded shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Friday, November 1st. The Goldman Sachs Group cut their price objective on shares of Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. Finally, Needham & Company LLC downgraded Cohu from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $31.50.

Cohu Price Performance

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in COHU. First Horizon Advisors Inc. grew its position in Cohu by 49.2% during the third quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock worth $42,000 after buying an additional 535 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of Cohu by 413.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 1,401 shares in the last quarter. KBC Group NV increased its position in shares of Cohu by 75.7% in the fourth quarter. KBC Group NV now owns 2,627 shares of the semiconductor company’s stock worth $70,000 after purchasing an additional 1,132 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new position in Cohu in the fourth quarter valued at about $120,000. Finally, Morgan Dempsey Capital Management LLC lifted its position in Cohu by 24.8% during the fourth quarter. Morgan Dempsey Capital Management LLC now owns 7,609 shares of the semiconductor company’s stock worth $203,000 after purchasing an additional 1,513 shares during the period. Institutional investors and hedge funds own 94.67% of the company’s stock.

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.