Last Updated: 10 Nov 2024
Executive Summary
Cohu Inc. (COHU) is a leading provider of semiconductor inspection and test equipment and printed circuit board (PCB) test equipment. The company has a strong global presence with operations in China, the United States, Taiwan, Malaysia, the Philippines, and internationally. Cohu's recent financial performance has been mixed, with revenue and earnings declining in recent quarters. However, the company's long-term prospects remain positive, as the demand for semiconductor and PCB test equipment is expected to grow in the coming years.
Company Overview
Cohu Inc. was founded in 1979 and is headquartered in Poway, California. The company designs, manufactures, and sells a wide range of semiconductor inspection and test equipment and PCB test equipment. Cohu's products are used by semiconductor manufacturers, PCB manufacturers, and other electronics companies to ensure the quality and reliability of their products.
Fundamental Analysis
Cohu's financial performance has been mixed in recent quarters. Revenue declined by 0.368% year-over-year in the most recent quarter, and earnings per share (EPS) declined by 0.843%. However, the company's long-term prospects remain positive. The demand for semiconductor and PCB test equipment is expected to grow in the coming years, as the electronics industry continues to grow.
Cohu's financial ratios are also mixed. The company's profit margin is -0.114%, and its return on assets (ROA) is -0.028%. However, the company's book value is $18.98 per share, and its price-to-book ratio is 1.497. This indicates that Cohu is undervalued relative to its peers.
Technical Analysis
Cohu's stock price has been trending down in recent months. The stock is currently trading at $28.27, which is below its 50-day and 200-day moving averages. The stock's relative strength index (RSI) is 38.47, which indicates that the stock is oversold.
Short Term Outlook
The short-term outlook for Cohu is mixed. The stock's price is trending down, and the RSI is oversold. This indicates that the stock could continue to decline in the short term. However, the company's long-term prospects remain positive, and the stock could rebound in the future.
Long Term Outlook
The long-term outlook for Cohu is positive. The demand for semiconductor and PCB test equipment is expected to grow in the coming years, as the electronics industry continues to grow. Cohu is a leading provider of these products, and the company is well-positioned to benefit from this growth.
Analyst Recommendations
Analysts are mixed on Cohu's stock. One analyst has a strong buy rating on the stock, three analysts have a buy rating, two analysts have a hold rating, and one analyst has a sell rating. The average analyst target price is $30.71.
