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

Shares of Cohu, Inc. (NASDAQ:COHU) gapped down prior to trading 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). Cohu had a negative return on equity of 3.73% and a negative net margin of 17.22%.The business had revenue of $122.23 million for the quarter, compared to analyst estimates of $122.09 million. During the same period last year, the business earned ($0.15) EPS. Cohu’s revenue was up 29.9% compared to the same quarter last year.

Trending Headlines about Cohu

Here are the key news stories impacting Cohu this week:

• Positive Sentiment: Needham raised its price target to $33 and reaffirmed a Buy rating, citing improving utilization, margin rebound and new data‑center wins that increase AI exposure — a constructive catalyst for multi‑quarter revenue and margin improvement. Needham Buy Reaffirmed
• Positive Sentiment: TD Cowen reiterated its Buy rating and $35 price target, highlighting improving fundamentals, growing AI/data‑center exposure and recurring revenue that support a multi‑year buy thesis. TD Cowen Thesis
• Positive Sentiment: Revenue beat: Q4 revenue was $122.23M (vs. ~$122.09M consensus) and up ~30% year‑over‑year — evidence demand is recovering even as profitability lags, which supports the bullish analyst narratives. Q4 Results
• Neutral Sentiment: B. Riley trimmed its price target from $35 to $33 but left a Buy rating intact — a modest downgrade in upside that nevertheless maintains analyst support. B. Riley PT Change
• Negative Sentiment: EPS miss and guidance caution: Cohu reported a Q4 loss of $0.15/sh vs. consensus +$0.07 (a material EPS miss) and issued Q1 revenue guidance in a wide $115M–$129M range versus ~$120.2M consensus — this combination pressures near‑term earnings expectations and likely drove selling. Zacks: Q4 Loss
• Neutral Sentiment: Short‑interest notes published show anomalous/zero values in the public feed (no clear change in days‑to‑cover), so short‑interest reporting is not a meaningful driver based on available data. (Multiple data entries flagged the same.)

Wall Street Analyst Weigh In

A number of research analysts have commented on COHU shares. Needham & Company LLC upped their target price on shares of Cohu from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Friday. Stifel Nicolaus upped their price objective on shares of Cohu from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. TD Cowen reiterated a “buy” rating on shares of Cohu in a report on Friday. B. Riley Financial upped their price target on Cohu from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday, January 26th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a research report on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Cohu has a consensus rating of “Moderate Buy” and a consensus price target of $32.60.

Hedge Funds Weigh In On Cohu

Several institutional investors have recently modified their holdings of COHU. Essex Investment Management Co. LLC increased its holdings in Cohu by 31.4% during the 3rd quarter. Essex Investment Management Co. LLC now owns 192,846 shares of the semiconductor company’s stock worth $3,921,000 after purchasing an additional 46,113 shares during the period. Leeward Investments LLC MA lifted its stake in Cohu by 6.2% in the second quarter. Leeward Investments LLC MA now owns 452,985 shares of the semiconductor company’s stock worth $8,715,000 after acquiring an additional 26,454 shares during the last quarter. First Eagle Investment Management LLC acquired a new position in Cohu during the 2nd quarter worth approximately $3,950,000. Geode Capital Management LLC increased its position in shares of Cohu by 4.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,167,208 shares of the semiconductor company’s stock valued at $22,459,000 after purchasing an additional 50,907 shares during the last quarter. Finally, Stanley Laman Group Ltd. acquired a new stake in shares of Cohu in the 3rd quarter valued at $3,109,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

Cohu Trading Down 4.9%

The firm has a market capitalization of $1.46 billion, a PE ratio of -19.86 and a beta of 1.29. The company’s 50-day moving average price is $26.86 and its 200-day moving average price is $23.30. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.24 and a current ratio of 4.39.

About Cohu

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.