Cohu (NASDAQ:COHU) released its quarterly earnings data on Thursday. The semiconductor company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.08, MarketWatch Earnings reports. The company had revenue of $150.60 million for the quarter, compared to the consensus estimate of $145.99 million. Cohu had a positive return on equity of 0.11% and a negative net margin of 8.75%. The company’s quarterly revenue was up 4.9% compared to the same quarter last year. During the same period last year, the business posted $0.12 EPS. Cohu updated its Q4 2020
Pre-Market guidance to EPS.
Shares of NASDAQ COHU opened at $20.67 on Friday. Cohu has a fifty-two week low of $8.89 and a fifty-two week high of $26.43. The business has a 50 day moving average price of $18.01 and a two-hundred day moving average price of $16.85. The company has a quick ratio of 1.98, a current ratio of 2.87 and a debt-to-equity ratio of 0.75. The firm has a market cap of $865.31 million, a PE ratio of -17.23 and a beta of 1.83.
Several brokerages recently commented on COHU. BidaskClub upgraded Cohu from a “sell” rating to a “hold” rating in a report on Friday, October 9th. Needham & Company LLC raised their target price on Cohu from $22.00 to $27.00 and gave the company a “buy” rating in a report on Friday. Cowen raised their target price on Cohu from $20.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, July 31st. B. Riley raised their target price on Cohu from $26.00 to $37.00 and gave the company a “buy” rating in a report on Thursday. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Cohu from a “sell” rating to a “hold” rating in a report on Tuesday, August 4th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $50.63.
Cohu, Inc, through its subsidiaries, provides semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, thermal sub-systems, semiconductor automated test equipment (ATE), and bare board printed circuit board (PCB) test systems for semiconductor and electronics manufacturers, and test subcontractors in Germany, the United States, Japan, Malaysia, the Philippines, and internationally.
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