Cohu (NASDAQ:COHU) Stock Jumps 8% on Earnings Beat

Posted by Brenda Bartman on Oct 29th, 2026

Cohu, Inc. (NASDAQ:COHU – Get Free Report) shares were up 8% during trading on Thursday following a stronger than expected earnings report. The stock traded as high as $57.69 and last traded at $57.39. Approximately 391,577 shares changed hands during trading, a decline of 65% from the average daily volume of 1,116,054 shares. The stock had previously closed at $53.14.

The semiconductor company reported $0.43 EPS for the quarter, topping the consensus estimate of $0.35 by $0.08. The company had revenue of $172.96 million during the quarter, compared to the consensus estimate of $170.25 million. Cohu had a negative net margin of 7.43% and a negative return on equity of 1.96%. The company’s revenue for the quarter was up 37.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.06) earnings per share.

Cohu News Summary

Here are the key news stories impacting Cohu this week:

Positive Sentiment: Q3 earnings beat estimates: Cohu reported adjusted earnings of $0.43 per share, above the $0.35 consensus estimate and substantially better than the $0.06-per-share loss recorded a year earlier. Revenue reached approximately $173.0 million, topping expectations of $170.25 million and rising 37% year over year. Cohu Q3 Earnings and Revenues Top Estimates
Positive Sentiment: Strong 2027 outlook: Management expects 30% to 40% revenue growth next year and is targeting a threefold increase in shipments of its Eclipse thermal-management products. The forecast suggests improving demand for semiconductor test and thermal solutions. Cohu Expects 30%-40% 2027 Revenue Growth
Positive Sentiment: AI and HPC demand is expanding: Cohu highlighted a high-performance computing pipeline of roughly $1 billion and increased bookings, reinforcing expectations that AI infrastructure spending could support future orders. Cohu Q3 Earnings Call Highlights
Positive Sentiment: Analyst confidence improved: Stifel raised its price target to $75, while Needham reaffirmed its Buy rating with a $65 target. The revisions indicate analysts see additional upside following the earnings report. Cohu Price Target Raised at Stifel
Neutral Sentiment: Despite the improved quarter, Cohu continues to show negative reported net margin and return on equity, so investors will watch whether the projected growth translates into sustained profitability.

Wall Street Analyst Weigh In

Several brokerages have commented on COHU. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a research report on Thursday, October 15th. B. Riley Financial upped their price objective on Cohu from $65.00 to $69.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Stifel Nicolaus upped their price objective on Cohu from $70.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday. Robert W. Baird set a $83.00 price objective on Cohu in a report on Thursday. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $90.00 price target on shares of Cohu in a research note on Thursday. One 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, Cohu currently has an average rating of “Moderate Buy” and a consensus price target of $73.62.

Get Our Latest Stock Analysis on COHU

Insiders Place Their Bets

In other news, Director Nina Richardson sold 3,055 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $51.54, for a total transaction of $157,454.70. Following the completion of the sale, the director owned 39,093 shares of the company’s stock, valued at $2,014,853.22. This trade represents a 7.25% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Christopher Bohrson sold 10,000 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $55.82, for a total value of $558,200.00. Following the completion of the sale, the senior vice president directly owned 159,702 shares of the company’s stock, valued at $8,914,565.64. The trade was a 5.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders sold 134,999 shares of company stock valued at $8,321,309. Insiders own 3.05% of the company’s stock.

Institutional Investors Weigh In On Cohu

Several institutional investors have recently bought and sold shares of COHU. Choreo LLC boosted its holdings in shares of Cohu by 12.0% in the 3rd quarter. Choreo LLC now owns 4,187 shares of the semiconductor company’s stock worth $285,000 after purchasing an additional 450 shares in the last quarter. Moody Aldrich Partners LLC bought a new position in Cohu during the third quarter valued at approximately $3,324,000. Capelight Capital Asset Management LP bought a new position in Cohu during the third quarter valued at approximately $4,770,000. Signaturefd LLC lifted its holdings in shares of Cohu by 20.3% in the 3rd quarter. Signaturefd LLC now owns 6,488 shares of the semiconductor company’s stock worth $442,000 after acquiring an additional 1,093 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC purchased a new stake in shares of Cohu in the 3rd quarter valued at $237,000. Institutional investors own 94.67% of the company’s stock.

Cohu Stock Performance

The company has a current ratio of 5.74, a quick ratio of 4.72 and a debt-to-equity ratio of 0.37. The company’s fifty day moving average is $57.08 and its 200 day moving average is $46.69. The company has a market cap of $2.71 billion, a P/E ratio of -69.64 and a beta of 1.51.

Cohu Company Profile

(Get Free Report)

Cohu, Inc is a global provider of semiconductor test and inspection equipment and related services. The company supplies solutions used by semiconductor manufacturers and outsourced semiconductor assembly and test providers to evaluate devices during production, helping improve manufacturing quality, reliability and efficiency.

Cohu’s product portfolio includes semiconductor test handlers, contactors and other interface products, inspection and metrology systems, thermal-management equipment, and software for test-data analysis and factory automation.