Cohu (NASDAQ:COHU) Announces Earnings Results

Cohu (NASDAQ:COHU) announced its quarterly earnings results on Thursday. The semiconductor company reported ($0.25) EPS 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 2.0 %

NASDAQ COHU opened at $21.03 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38. Cohu has a twelve month low of $19.52 and a twelve month high of $36.60. The stock’s 50 day moving average is $24.28 and its 200 day moving average is $25.21.

Wall Street Analysts Forecast Growth

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