Jefferies keeps 'Buy' on Cohu despite mixed Q1 results and overvaluation concerns

Jefferies reaffirmed its 'Buy' rating on Cohu, Inc., whose stock is near a 52-week high despite mixed Q1 earnings. The company reported EPS of $0.01, missing estimates but showing improvement from last year, and revenue of $125.12 million, exceeding expectations with strong year-over-year growth. However, concerns remain as the stock is considered significantly overvalued by GuruFocus, and insiders have been selling shares recently. Investors should weigh the positive revenue growth against valuation risks and insider activity.