Why Is COHU INC (COHU) Stock Moving Today?

Why COHU stock is up today

COHU stock rose 6.60% to $56.68 in early trading, driven by a Q2 rebound that lifted revenue 38% year-over-year and improved margins despite the absence of a large AI-related backlog. The move follows a recent analyst upgrade and ongoing investor focus on the company’s utilization rates and operational performance.

What Happened

Cohu reported a Q2 revenue rebound that increased 38% year-over-year, with improved margins despite the absence of a $850 million AI pipeline. This performance has shifted investor attention to the company’s 80% utilization rate as a more immediate indicator of strength. B. Riley Securities and Needham both recently raised their price targets for COHU, with B. Riley setting a $69 target and Needham a $65 target. These upgrades came as the stock traded in a positive pre-market session.

What The Data Shows

Over the last 8 trading sessions, COHU fell 10.3% from $50.79 to $45.57 before today’s rebound. The stock has printed one fresh 52-week low and 44 fresh 52-week highs on September 9, 2026. Insider transactions in the last 90 days include six sales totaling $1.7 million, with the most recent filing on August 21. Congressional trades show one sell disclosed in the last 90 days.

What To Watch

Cohu has no upcoming earnings report scheduled in the near term. Investors should monitor the breadth of analyst coverage and any further upgrades or downgrades from major firms.