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

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

Cohu Price Performance

Shares of NASDAQ:COHU opened at $22.89 on Wednesday. Cohu has a 1-year low of $21.60 and a 1-year high of $36.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69. The business has a fifty day moving average price of $25.63 and a 200-day moving average price of $25.95. The company has a market capitalization of $1.07 billion, a PE ratio of -21.19 and a beta of 1.45.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. First Horizon Advisors Inc. boosted its position in Cohu by 49.2% in the third quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 535 shares during the last quarter. KBC Group NV boosted its position in 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 last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Cohu in the fourth quarter worth about $120,000. Sheets Smith Wealth Management purchased a new position in Cohu in the fourth quarter worth about $205,000. Finally, Creative Planning purchased a new position in Cohu in the second quarter worth about $282,000. 94.67% of the stock is owned by hedge funds and other institutional investors.

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.