Cohu (NASDAQ:COHU) Upgraded to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Cohu (NASDAQ:COHU) from a hold rating to a strong-buy rating in a research report released on Thursday,Zacks.com reports.

Several other research firms also recently weighed in on COHU. Stifel Nicolaus lifted their target price on shares of Cohu from $50.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Craig Hallum reiterated a “buy” rating and issued a $74.00 price target on shares of Cohu in a research report on Friday. Needham & Company LLC lifted their target price on Cohu from $54.00 to $65.00 and gave the company a “buy” rating in a report on Friday. Jefferies Financial Group reaffirmed a “buy” rating and set a $74.00 price objective on shares of Cohu in a research note on Friday. Finally, TD Cowen upped their price target on shares of Cohu from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of $68.75.

Cohu Stock Up 3.3%

Cohu stock opened at $47.99 on Thursday. The firm has a 50 day moving average price of $56.71 and a 200-day moving average price of $42.43. The company has a quick ratio of 5.31, a current ratio of 6.43 and a debt-to-equity ratio of 0.37. Cohu has a twelve month low of $17.80 and a twelve month high of $74.60. The company has a market capitalization of $2.26 billion, a P/E ratio of -57.82 and a beta of 1.55.

Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.14 by $0.12. The business had revenue of $149.00 million for the quarter, compared to the consensus estimate of $144.20 million. Cohu had a negative return on equity of 1.95% and a negative net margin of 7.43%.Cohu’s revenue for the quarter was up 38.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.02 earnings per share. As a group, equities analysts predict that Cohu will post 0.17 EPS for the current year.

Insider Buying and Selling at Cohu

In related news, Director William Bendush sold 7,500 shares of Cohu stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $49.14, for a total value of $368,550.00. Following the transaction, the director directly owned 24,780 shares of the company’s stock, valued at $1,217,689.20. The trade was a 23.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven J. Bilodeau sold 10,257 shares of the company’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $44.85, for a total transaction of $460,026.45. Following the sale, the director owned 52,272 shares of the company’s stock, valued at $2,344,399.20. This represents a 16.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 89,668 shares of company stock worth $4,210,016 over the last quarter. Company insiders own 3.05% of the company’s stock.

Hedge Funds Weigh In On Cohu

A number of hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its holdings in shares of Cohu by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 4,361,164 shares of the semiconductor company’s stock worth $101,484,000 after purchasing an additional 57,618 shares during the period. Royce & Associates LP increased its holdings in Cohu by 0.4% during the 4th quarter. Royce & Associates LP now owns 1,918,424 shares of the semiconductor company’s stock valued at $44,642,000 after purchasing an additional 7,927 shares during the period. State Street Corp increased its holdings in Cohu by 0.3% during the 4th quarter. State Street Corp now owns 1,819,530 shares of the semiconductor company’s stock valued at $42,340,000 after purchasing an additional 5,439 shares during the period. SG Capital Management LLC bought a new position in Cohu during the 4th quarter valued at approximately $33,174,000. Finally, Invesco Ltd. raised its position in Cohu by 478.4% during the 2nd quarter. Invesco Ltd. now owns 1,175,282 shares of the semiconductor company’s stock valued at $22,612,000 after purchasing an additional 972,088 shares during the last quarter. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Key Stories Impacting Cohu

Here are the key news stories impacting Cohu this week:

• Positive Sentiment: Second-quarter results exceeded expectations: Cohu reported adjusted earnings of $0.26 per share versus the $0.14 consensus estimate, while revenue rose 38.3% year over year to $149.0 million, ahead of the $144.2 million forecast. Results benefited from AI-compute demand, higher tester and recurring-service sales, and a favorable product mix. COHU Q2 Earnings Beat Estimates on AI Compute and Favorable Mix
• Positive Sentiment: Strong third-quarter outlook: Management forecast revenue of $163 million to $177 million, well above the $146.6 million analyst consensus. The outlook suggests continued momentum from high-performance computing and semiconductor test demand. Cohu jumps on strong Q2 results, guidance
• Positive Sentiment: Analysts raised their valuations: B. Riley lifted its price target from $65 to $69 and assigned a Buy rating. Needham analyst Charles Shi also reiterated a Buy rating and raised his target to $65, citing accelerating growth and HPC tailwinds. B. Riley analyst action Needham analyst action
• Negative Sentiment: GAAP profitability remains a concern: Although adjusted earnings were positive, Cohu posted a GAAP loss of approximately $0.2 million for the quarter, alongside a negative net margin and negative return on equity. Investors may therefore focus on whether improving revenue and mix can translate into sustainable GAAP profits. Cohu Reports Second Quarter 2026 Results

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.