Cohu, Inc. (NASDAQ:COHU) Stock Analysis: Jefferies Reaffirms 'Buy' Amidst Mixed Q1 Earnings and Valuation Concerns

• Jefferies reiterates a "Buy" rating for Cohu, Inc. (NASDAQ:COHU), with the semiconductor equipment stock trading near its 52-week high.
• Cohu's Q1 earnings per share (EPS) of $0.01 missed estimates, but revenue of $125.12 million exceeded expectations, showing year-over-year growth.
• Despite strong revenue, stock valuation concerns persist, with GuruFocus deeming the stock "significantly overvalued" at a GF Value of $24.07, alongside recent insider selling.

Cohu, Inc. (NASDAQ:COHU) is a company that makes equipment to test semiconductors. These are the tiny electronic components inside devices like phones and computers. The company provides essential tools for chip manufacturers to ensure their products work correctly before they are sold to consumers.

On May 1, 2026, analyst firm Jefferies reiterates its "Buy" rating for Cohu. At the time of this announcement, the stock's price is $47.35. This price is near the stock's new 52-week high of $48.17, showing strong recent market performance.

The rating follows Cohu's latest quarterly results. The company reports earnings per share (EPS) of $0.01. This figure misses the Zacks Consensus Estimate of $0.03 but shows an improvement from a loss of $0.02 per share in the same quarter last year, indicating a positive trend in profitability.

Cohu's revenues for the quarter are $125.12 million, which is 2.56% higher than what analysts expect. This is a large increase from the $96.80 million in revenue from the year-ago quarter. The company also reports a non-GAAP income of $0.60 million, which excludes certain one-time expenses to show ongoing operational performance.

However, some analyses suggest caution. As highlighted by GuruFocus, the stock is considered "significantly overvalued" based on its GF Value of $24.07. Additionally, company insiders sell $0.40 million in shares over the last three months, with no reported insider buying during that same period.