Cohu (NASDAQ:COHU) Shares Gap Down - Here's What Happened

Key Points

• Cohu, Inc. (NASDAQ:COHU) shares opened significantly lower at $19.25, down from the previous closing price of $22.78, marking a decline of 11.9%.
• The company reported earnings of $0.02 per share for the last quarter, beating the consensus estimate, with a 2.9% increase in revenue year-over-year.
• Institutional investors own 94.67% of Cohu's stock, with notable increases in stakes from several firms, including Janney Montgomery Scott LLC and Two Sigma Investments LP.

Shares of Cohu, Inc. (NASDAQ:COHU - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $22.78, but opened at $19.25. Cohu shares last traded at $20.11, with a volume of 221,898 shares changing hands.

Cohu Trading Down 11.9%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.51 and a current ratio of 4.88. The company's 50-day moving average price is $20.15 and its 200 day moving average price is $18.18. The stock has a market cap of $936.87 million, a PE ratio of -10.73 and a beta of 1.34.

Cohu (NASDAQ:COHU - Get Free Report) last posted its earnings results on Thursday, July 31st. The semiconductor company reported $0.02 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.04. Cohu had a negative net margin of 22.11% and a negative return on equity of 3.74%. The firm had revenue of $107.68 million during the quarter, compared to the consensus estimate of $106.00 million. During the same quarter last year, the firm earned ($0.01) EPS. The firm's revenue for the quarter was up 2.9% on a year-over-year basis. Cohu has set its Q3 2025 guidance at EPS. On average, sell-side analysts forecast that Cohu, Inc. will post -0.36 EPS for the current fiscal year.

Institutional Trading of Cohu

Institutional investors have recently added to or reduced their stakes in the stock. Janney Montgomery Scott LLC increased its holdings in Cohu by 6.0% in the 1st quarter. Janney Montgomery Scott LLC now owns 25,642 shares of the semiconductor company's stock valued at $377,000 after purchasing an additional 1,454 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Cohu by 172.2% in the first quarter. GAMMA Investing LLC now owns 2,659 shares of the semiconductor company's stock worth $39,000 after acquiring an additional 1,682 shares in the last quarter. Bank of America Corp DE grew its stake in shares of Cohu by 89.0% in the fourth quarter. Bank of America Corp DE now owns 110,722 shares of the semiconductor company's stock worth $2,956,000 after acquiring an additional 52,141 shares in the last quarter. Two Sigma Investments LP grew its stake in shares of Cohu by 218.5% in the fourth quarter. Two Sigma Investments LP now owns 54,538 shares of the semiconductor company's stock worth $1,456,000 after acquiring an additional 37,414 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Cohu by 3.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,309 shares of the semiconductor company's stock worth $702,000 after acquiring an additional 837 shares in the last quarter. Institutional investors and hedge funds own 94.67% of the company's stock.

Cohu Company Profile

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.

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