Cohu (NASDAQ:COHU) Shares Gap Down After Earnings Miss

Cohu, Inc. (NASDAQ:COHU) gapped down before the market opened on Friday following a dissappointing earnings announcement. The stock had previously closed at $32.80, but opened at $29.01. Cohu shares last traded at $31.4310, with a volume of 723,422 shares traded.

The semiconductor company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.22). The company had revenue of $122.23 million during the quarter, compared to the consensus estimate of $122.09 million. Cohu had a negative net margin of 16.40% and a negative return on equity of 3.71%. Cohu’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same period in the previous year, the business earned ($0.15) earnings per share.

Cohu News Summary

Here are the key news stories impacting Cohu this week:

• Positive Sentiment: Revenue growth and topline beat: Q4 revenue rose ~29.9% year‑over‑year to $122.2M and slightly exceeded consensus, showing demand strength in testing equipment. MarketBeat Earnings
• Positive Sentiment: New HBM opportunity: Cohu is targeting $15M–$20M of HBM (high‑bandwidth memory) revenue in 2026, signaling expanding exposure to higher‑value AI/data‑center markets. MSN Article
• Positive Sentiment: Analysts largely maintain conviction: Needham and TD Cowen reaffirmed Buy ratings and raised/maintained price targets ($33, $35), highlighting improving utilization, margin recovery and AI/data‑center tailwinds. TipRanks – Needham
• Neutral Sentiment: Analyst target tweaks: B. Riley trimmed its target slightly from $35 to $33 but kept a Buy — a modest adjustment rather than a shift to caution. Benzinga Note
• Neutral Sentiment: Earnings call materials and transcripts are available for deeper color on margins, backlog and end‑market demand if you want to dig into management commentary. Yahoo Finance Highlights
• Neutral Sentiment: Short‑interest data reported as zeros in some feeds (likely data artifacts) — not actionable as shown.
• Negative Sentiment: Q4 surprise adjusted loss: Cohu reported an adjusted loss of $0.15/sh vs. consensus +$0.07, which triggered investor selling despite the revenue beat. Fool Article
• Negative Sentiment: Cautious near‑term guidance: Q1 revenue was guided to $115M–$129M (consensus ~ $120.2M) and EPS guidance was not clearly provided, increasing uncertainty around near‑term profitability. Zacks Coverage
• Negative Sentiment: Market reaction: The surprise loss and guidance uncertainty prompted a sharp intraday sell‑off and heavy volume, driving the stock lower on the day. Investing.com

Analysts Set New Price Targets

Several brokerages have recently weighed in on COHU. TD Cowen increased their target price on shares of Cohu from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Friday. Stifel Nicolaus increased their price objective on shares of Cohu from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Needham & Company LLC boosted their target price on Cohu from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Friday. B. Riley Financial upped their target price on Cohu from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Finally, B. Riley Securities decreased their price target on Cohu from $35.00 to $33.00 and set a “buy” rating for the company in a research note on Friday. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $33.60.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Bessemer Group Inc. raised its position in Cohu by 45.4% during the 3rd quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 488 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of Cohu by 83.7% in the third quarter. Hantz Financial Services Inc. now owns 1,569 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 715 shares in the last quarter. Farther Finance Advisors LLC lifted its stake in Cohu by 45.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 452 shares during the period. Kestra Advisory Services LLC bought a new position in Cohu during the 4th quarter worth about $34,000. Finally, Los Angeles Capital Management LLC purchased a new position in Cohu during the 4th quarter valued at about $37,000. Institutional investors own 94.67% of the company’s stock.

Cohu Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.24 and a current ratio of 4.39. The firm has a market cap of $1.43 billion, a P/E ratio of -19.25 and a beta of 1.29. The firm’s fifty day moving average price is $26.97 and its 200 day moving average price is $23.38.

Cohu Company Profile

Cohu, Inc is a global provider of semiconductor test and inspection solutions, offering a broad portfolio of products designed to support chip manufacturers, outsourced semiconductor assembly and test (OSAT) providers, and electronics original equipment manufacturers (OEMs). The company’s product lineup includes automatic test handlers, wafer probers, test sockets, thermal subassembly systems and burn-in boards, all engineered to optimize throughput, accuracy and reliability in semiconductor production and final test.

Founded in 1947 and headquartered in Poway, California, Cohu has grown through both organic development and targeted acquisitions to become a recognized leader in test handling and interconnect technologies.