Cohu (NASDAQ:COHU) Price Target Raised to $69.00 at B. Riley Financial

Cohu (NASDAQ:COHU) had its target price hoisted by B. Riley Financial from $65.00 to $69.00 in a report issued on Friday morning,Benzinga reports. B. Riley Financial currently has a buy rating on the semiconductor company’s stock.

Other analysts also recently issued reports about the stock. Evercore reaffirmed an “outperform” rating and set a $53.00 price objective on shares of Cohu in a report on Tuesday, April 28th. TD Cowen increased their target price on Cohu from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Stifel Nicolaus raised their price target on Cohu from $50.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Robert W. Baird began coverage on Cohu in a research note on Wednesday, July 8th. They set an “outperform” rating and a $65.00 price target for the company. Finally, Needham & Company LLC upped their price objective on Cohu from $54.00 to $65.00 and gave the stock a “buy” rating in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $68.75.

Cohu Price Performance

Shares of NASDAQ:COHU opened at $47.99 on Friday. The company has a 50 day moving average of $56.71 and a 200 day moving average of $42.43. The company has a current ratio of 6.43, a quick ratio of 5.31 and a debt-to-equity ratio of 0.37. The stock has a market cap of $2.26 billion, a P/E ratio of -57.82 and a beta of 1.55. Cohu has a 12 month low of $17.80 and a 12 month high of $74.60.

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

Insider Buying and Selling

In other news, CEO Luis A. Muller sold 45,154 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $46.62, for a total transaction of $2,105,079.48. Following the completion of the sale, the chief executive officer owned 927,619 shares of the company’s stock, valued at approximately $43,245,597.78. This represents a 4.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Christopher Bohrson sold 1,000 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $63.88, for a total transaction of $63,880.00. Following the sale, the senior vice president directly owned 171,702 shares of the company’s stock, valued at $10,968,323.76. The trade was a 0.58% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 89,668 shares of company stock worth $4,210,016 in the last ninety days. 3.05% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in shares of Cohu by 1.3% in the 4th 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 last quarter. Royce & Associates LP grew its position 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 last quarter. State Street Corp grew its position 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 last quarter. SG Capital Management LLC bought a new stake in Cohu during the 4th quarter valued at about $33,174,000. Finally, Invesco Ltd. increased its stake 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 in the last quarter. 94.67% of the stock is owned by hedge funds and other institutional investors.

Key Cohu News

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

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.