These Analysts Revise Their Forecasts On Cohu Following Q4 Results

Benzinga
Feb 14

Cohu Inc (NASDAQ:COHU) reported worse-than-expected fourth-quarter adjusted EPS results on Thursday.

Cohu reported quarterly losses of 15 cents per share which missed the analyst consensus estimate of earnings of 6 cents per share. The company reported quarterly sales of $122.230 million which beat the analyst consensus estimate of $122.092 million.

Cohu said it sees first-quarter sales of $115.000 million-$129.000 million versus estimates of $120.136 million.

“Cohu delivered Q4 revenue of $122 million, up 30% year over year, supported by improving market fundamentals with estimated test cell utilization increasing to 76% in December. Fourth quarter recurring revenue is up 25% year-over-year driven by strong demand across services, interface solutions, and handler-related spares business,” said Cohu President and CEO Luis Müller. “Design-win momentum remains robust, spanning automotive ADAS, power devices, computing AI, and HBM inspection metrology solutions.”

Cohu shares fell 4.6% to trade at $31.30 on Friday.

These analysts made changes to their price targets on Cohu following earnings announcement.

  • Needham analyst Charles Shi maintained Cohu with a Buy and raised the price target from $30 to $33.
  • B. Riley Securities analyst Craig Ellis maintained Cohu with a Buy and lowered the price target from $35 to $33.
  • TD Cowen analyst Krish Sankar maintained the stock with a Buy and raised the price target from $30 to $35.

Considering buying COHU stock? Here’s what analysts think:

Photo via Shutterstock

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