DA Davidson Comments on Cohu, Inc.’s Q2 2022 Earnings (NASDAQ:COHU)

Cohu, Inc. (NASDAQ:COHUGet Rating) – DA Davidson issued their Q2 2022 earnings estimates for Cohu in a report issued on Friday, April 29th. DA Davidson analyst T. Diffely forecasts that the semiconductor company will earn $0.65 per share for the quarter. DA Davidson also issued estimates for Cohu’s FY2023 earnings at $3.23 EPS.

Other research analysts also recently issued reports about the company. Zacks Investment Research downgraded Cohu from a “hold” rating to a “sell” rating in a report on Tuesday, April 26th. B. Riley lowered shares of Cohu from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $40.00 to $30.00 in a report on Tuesday, April 12th. StockNews.com started coverage on Cohu in a research note on Thursday, March 31st. They set a “hold” rating for the company. Finally, The Goldman Sachs Group dropped their price target on shares of Cohu from $33.00 to $28.00 and set a “sell” rating for the company in a research note on Monday, March 28th. Two equities 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 company’s stock. Based on data from MarketBeat, Cohu has an average rating of “Hold” and an average target price of $40.86.

Shares of NASDAQ COHU opened at $26.56 on Monday. The company has a current ratio of 3.90, a quick ratio of 3.06 and a debt-to-equity ratio of 0.12. The company’s 50-day moving average price is $28.62 and its 200 day moving average price is $32.37. Cohu has a 52 week low of $25.06 and a 52 week high of $40.92. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of 8.15 and a beta of 1.71.

Cohu (NASDAQ:COHUGet Rating) last announced its quarterly earnings data on Thursday, April 28th. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.10. Cohu had a net margin of 18.77% and a return on equity of 15.57%. The company had revenue of $197.76 million for the quarter, compared to analysts’ expectations of $195.19 million. During the same period in the previous year, the company posted $0.83 EPS. Cohu’s revenue was down 12.3% compared to the same quarter last year.

In other Cohu news, VP Ian P. Lawee sold 1,567 shares of the company’s stock in a transaction that occurred on Wednesday, February 16th. The stock was sold at an average price of $33.00, for a total value of $51,711.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.33% of the stock is owned by insiders.

Several large investors have recently bought and sold shares of COHU. Spearhead Capital Advisors LLC bought a new stake in shares of Cohu in the 1st quarter worth approximately $241,000. Kovitz Investment Group Partners LLC lifted its stake in Cohu by 3.9% during the first quarter. Kovitz Investment Group Partners LLC now owns 138,256 shares of the semiconductor company’s stock valued at $4,092,000 after buying an additional 5,170 shares in the last quarter. Inspire Investing LLC acquired a new position in shares of Cohu in the first quarter worth about $236,000. Rothschild Investment Corp IL increased its position in shares of Cohu by 31.3% in the first quarter. Rothschild Investment Corp IL now owns 36,629 shares of the semiconductor company’s stock worth $1,084,000 after acquiring an additional 8,733 shares in the last quarter. Finally, Pacer Advisors Inc. acquired a new stake in shares of Cohu during the first quarter valued at approximately $3,617,000. Institutional investors own 87.71% of the company’s stock.

About Cohu (Get Rating)

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 and electronics manufacturers, and test subcontractors.

Featured Articles

Receive News & Ratings for Cohu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cohu and related companies with MarketBeat.com's FREE daily email newsletter.