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Cohu

Cohu Inc is a supplier of semiconductor test and inspection handlers, micro-electro-mechanical system (MEMS) test modules, test contactors, and thermal sub-systems used by semiconductor manufacturers and test subcontractors. The company's products include Semiconductor ATE (Automated Test Equipment), Semiconductor Handlers, Interface Products such as test contactors, probe heads and probe pins, Spares and Kits, Bare Board PCB Test Systems, and services. It has one reportable segment, Semiconductor Test and Inspection Equipment (Semiconductor Test & Inspection).

Cohu Inc

Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) and peer chip stocks, including Advanced Micro Devices, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>) and Broadcom Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>), are trading lower Friday as the chip companies <a target="_blank" href="https://www.benzinga.com/government/regulations/25/01/42897081/nvidia-and-ai-chip-stocks-brace-for-impact-as-biden-administration-considers-new-china-export-ban-report" rel="noreferrer noopener">remain susceptible to</a> potential sanctions on China regarding artificial intelligence chip exports.
The Biden administration could restrict Nvidia&#8217;s AI chip shipments with three-tier export rules favoring allies like Taiwan and barring Tier 3 nations like China.
The Chinese semiconductor equipment industry was estimated to reach $230 billion in 2024, <a target="_blank" href="https://www.statista.com/statistics/1345380/china-size-of-the-semiconductor-equipment-market/" rel="noreferrer noopener">according to</a> Statista.
Also Read: <a href="https://www.benzinga.com/25/01/42900314/nvidia-teams-up-with-dutch-government-to-build-cutting-edge-ai-supercomputer-facility" target="_blank" rel="noreferrer noopener">Nvidia Teams Up with Dutch Government to Build Cutting-Edge AI Supercomputer Facility</a>
Also on Friday, Taiwan Semiconductor <a href="https://www.benzinga.com/government/regulations/25/01/42907937/taiwan-semiconductor-hits-26-3-billion-q4-revenue-reportedly-ends-powerair-deal-over-huawei-chip-breach-amid-us-sanctions" target="_blank" rel="noreferrer noopener">reported consolidated revenue</a> of 2.89 trillion New Taiwan dollars between January and December 2024 (up by 33.9% year-on-year), implying it made a consolidated revenue of 868.46 billion New Taiwan dollars ($26.3 billion versus a consensus of $26.2 billion) for the December quarter, up from $19.62 billion a year ago.
Goldman Sachs analyst Toshiya Hari pointed out that the semiconductor and semiconductor capital equipment sectors offer significant potential for generating alpha in 2024, particularly among companies supporting the build-out of AI infrastructure.
<h3 class="wp-block-heading">Top Performers in AI Infrastructure</h3>
Several stocks in the sector have greatly outperformed the broader market, delivering strong returns:
<ul>
<li>Credo Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>) +245%</li>
<li>Nvidia (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) +171%</li>
<li>Broadcom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>) +108%</li>
<li>Marvell Technology (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>) +83%</li>
<li>Arm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>) +64%</li>
</ul>
<h3 class="wp-block-heading">Underperformers in Analog, MCU, and Power</h3>
In contrast, stocks in the Analog, MCU, and Power sectors have significantly underperformed, with notable declines in:
<ul>
<li>Microchip Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>) -36%</li>
<li>Qorvo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRVO#NASDAQ">QRVO</a>) -38%</li>
<li>ON Semiconductor Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>) -25%</li>
<li>Skyworks Solutions, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SWKS#NASDAQ">SWKS</a>) -21%</li>
</ul>
<h3 class="wp-block-heading">Weak Performance in Semiconductor Capital Equipment</h3>
Similarly, stocks in the Semiconductor Capital Equipment and Materials segments also lagged behind, including:
<ul>
<li>Cohu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COHU#NASDAQ">COHU</a>) -25%</li>
<li>Entegris, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENTG#NASDAQ">ENTG</a>) -17%</li>
<li>Lam Research Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>) -8%</li>
<li>Applied Materials, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>) +&lt;1%</li>
<li>KLA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>) +8%</li>
</ul>
In 2025, Hari recommended investors to own industry leaders in AI and cyclical names as he expected the magnitude of AI earnings beats to moderate, while he envisioned earnings revisions in broad-based semiconductors to turn positive in the latter half of the year. Hari&#8217;s Buy-rated ideas include Nvidia, Broadcom, Lam Research, Micron Technology, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>), Teradyne, Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TER#NASDAQ">TER</a>) (also on the Conviction List) and Entegris.
Hari noted Nvidia&#8217;s GPU as the industry standard, which is supported by the company&#8217;s large installed base, robust developer ecosystem, and presence in all major Clouds. Nvidia and its partners&#8217; ability to innovate will help them preserve their moat.
Broadcom is favorably positioned alongside Nvidia, backed by continued growth in the AI Semiconductor business with a potential acceleration in Networking, a recovery in the cyclical parts of its Semiconductor portfolio, sustained revenue growth, and margin expansion in Software.
In 2025, although challenging supply-demand dynamics in conventional DRAM and NAND are likely to keep a lid on Street estimates and Micron&#8217;s valuation multiple in the near term, Hari expects share gains in HBM and enterprise SSD, together with a gradually improving supply-demand backdrop in conventional DRAM and NAND, to catalyze positive EPS revisions and, in turn, better relative stock price performance.
Hari expects Lam Research to outperform its immediate peers in 2025. In addition to a quarterly recovery in the overall Wafer Fab Equipment market, he expects idiosyncratic drivers such as the adoption of Gate-All-Around transistors in leading-edge Foundry/Logic and the resumption of technology transitions in 3D NAND to support revenue growth that exceeds the overall WFE market.&nbsp;&nbsp;
Hari expects Teradyne to benefit from share gains in Compute SoC test, HBM test, recovery in Mobile SoC test and stabilization and /acceleration in Robotics revenue growth.
The analyst also upgraded NXP Semiconductors (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NXPI#NASDAQ">NXPI</a>) from Neutral to Buy and downgraded AMD from Buy to Neutral.
The NXP upgrade reflects the analyst&#8217;s belief that the Automotive MCUs market will begin to price in a cyclical recovery in 2025. Additionally, NXP is taking sufficient strategic steps, mainly its growing focus on the Chinese OEMs, to gain a share in the Automotive semiconductor market over the medium to long run. There is ample potential for NXP&#8217;s gross and operating margins to expand on a cross-cycle basis.
Although Hari remains constructive on the company&#8217;s ability to take share from Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>) in x86-based computing across PCs and traditional servers, the analyst is increasingly concerned that the rise of Arm-based custom CPUs coupled with the competitive intensity in accelerated computing will weigh on AMD&#8217;s revenue growth relative to peers, exert upward pressure on AMD&#8217;s operating expenditure profile and, in turn, weigh on the stock&#8217;s multiple. 
The underperformance reflects weakness in PC and traditional end-demand and, more recently, slower-than-expected growth in Data Center GPUs.
Also Read:
<ul>
<li><a href="https://www.benzinga.com/25/01/42896233/japanese-chipmaker-rapidus-sets-sights-on-broadcom-to-emulate-taiwan-semiconductors-market-dominance" target="_blank" rel="noreferrer noopener">Japanese Chipmaker Rapidus Sets Sight on Broadcom to Emulate Taiwan Semiconductor&#8217;s Market Dominance</a></li>
</ul>
Photo: Shutterstock

News

Upgrades

Downgrades

Reiteration

Analyst Ratings

Tech

Trading Ideas

AMAT

AVGO

COHU

CRDO

ENTG

INTC

KLAC

LRCX

MCHP

MRVL

NVDA

NXPI

QRVO

SWKS

Nvidia, Broadcom Among Goldman Highlights For AI Opportunities

Headquartered in Seattle, WA, and with development teams in the U.S. and Canada, Tignis was founded in 2017 to bring true AI capabilities to process control, enabling optimization of complex semiconductor and industrial manufacturing processes.
The acquisition will be funded with cash on hand and is expected to close in January 2025.
 &nbsp;

Cohu Enters Definitive Deal To Acquire Tignis; Terms Of Transaction, Which Are Not Material To Cohu's Financials, Are Not Disclosed

WIIM

Cohu shares are trading higher Craigh-Hallum initiated coverage on the stock with a Buy rating and announced a price target of $30. Also, Needham raised its price target from $27 to $30.

TD Cowen analyst Krish Sankar maintains Cohu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COHU#NASDAQ">COHU</a>) with a Buy and lowers the price target from $36 to $30.

Price Target

TD Cowen Maintains Buy on Cohu, Lowers Price Target to $30

Goldman Sachs analyst Toshiya Hari maintains Cohu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COHU#NASDAQ">COHU</a>) with a Sell and lowers the price target from $26 to $23.

Goldman Sachs Maintains Sell on Cohu, Lowers Price Target to $23

<h3>Gainers</h3>
<ul>
<li>MicroCloud Hologram (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOLO#NASDAQ">HOLO</a>) stock moved upwards by 24.1% to $3.09 during Friday's regular session. The company's market cap stands at $63.4 million. </li>
<li>Atlassian (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) stock rose 18.43% to $223.3. The company's market cap stands at $58.1 billion. As per the press release, Q1 earnings came out yesterday. </li>
<li>HeartCore Enterprises (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HTCR#NASDAQ">HTCR</a>) stock rose 14.56% to $1.18. The company's market cap stands at $24.6 million. </li>
<li>XIAO-I (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AIXI#NASDAQ">AIXI</a>) stock increased by 11.78% to $5.69. The market value of their outstanding shares is at $415.2 million. </li>
<li>GCT Semiconductor Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GCTS#NYSE">GCTS</a>) stock moved upwards by 11.68% to $2.58. The company's market cap stands at $122.0 million. </li>
<li>Cohu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COHU#NASDAQ">COHU</a>) stock increased by 11.07% to $27.68. The market value of their outstanding shares is at $1.2 billion. The company's, Q3 earnings came out yesterday. </li>
</ul>
<h3>Losers</h3>
<ul>
<li>Ostin Technology Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OST#NASDAQ">OST</a>) stock declined by 38.9% to $0.31 during Friday's regular session. The market value of their outstanding shares is at $4.5 million. </li>
<li>AXT (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXTI#NASDAQ">AXTI</a>) shares decreased by 17.67% to $2.12. The market value of their outstanding shares is at $94.3 million. As per the news, the Q3 earnings report came out yesterday. </li>
<li>Aurora Mobile (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JG#NASDAQ">JG</a>) stock declined by 11.69% to $6.16. The market value of their outstanding shares is at $36.8 million. </li>
<li>MagnaChip Semiconductor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MX#NYSE">MX</a>) stock decreased by 11.57% to $3.9. The market value of their outstanding shares is at $146.0 million. As per the press release, Q3 earnings came out 2 days ago. </li>
<li>Onto Innovation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ONTO#NYSE">ONTO</a>) stock declined by 10.56% to $177.39. The market value of their outstanding shares is at $8.7 billion. The company's, Q3 earnings came out yesterday. </li>
<li>Gryphon Digital Mining (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GRYP#NASDAQ">GRYP</a>) stock decreased by 10.08% to $0.56. The company's market cap stands at $28.0 million. 
See Also: <a href="http://www.benzinga.com/money/tech-stocks/" title="www.benzinga.com/money/tech-stocks/">www.benzinga.com/money/tech-stocks/</a></li>
</ul>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Movers

AIXI

AXTI

GCTS

GRYP

MicroCloud Hologram Inc. - Ordinary Shares

HOLO

HTCR

ONTO

TEAM

12 Information Technology Stocks Moving In Friday's Intraday Session

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Mizuho analyst Anthony Crowdell upgraded the rating for IDACORP, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDA#NYSE">IDA</a>) from Neutral to Outperform and raised the price target from $102 to $116. Idacorp shares closed at $103.48 on Thursday. <a href="https://www.benzinga.com/quote/IDA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>William Blair analyst Myles Minter upgraded argenx SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARGX#NASDAQ">ARGX</a>) from Market Perform to Outperform. argenx shares closed at $586.30 on Thursday. <a href="https://www.benzinga.com/quote/ARGX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keybanc analyst Jason Celino upgraded Atlassian Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) from Sector Weight to Overweight and announced a $260 price target. Atlassian shares closed at $188.54 on Thursday. <a href="https://www.benzinga.com/quote/TEAM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst Paul Zimbardo upgraded the rating for Xcel Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>) from Hold to Buy and raised the price target from $71 to $76. Xcel Energy shares closed at $66.81 on Thursday. <a href="https://www.benzinga.com/quote/XEL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Craig-Hallum analyst Christian Schwab upgraded Cohu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COHU#NASDAQ">COHU</a>) from Hold to Buy and announced a $30 price target. Cohu shares closed at $24.91 on Thursday. <a href="https://www.benzinga.com/quote/COHU/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
Considering buying TEAM stock? Here&#8217;s what analysts think: 
<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="521" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/01111859/image-3-1024x521.png" alt="" class="wp-image-625822" style="width:633px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/01111859/image-3-1024x521.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/01111859/image-3-300x153.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/01111859/image-3-768x391.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/01111859/image-3.png 1248w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Markets

ARGX

This Atlassian Analyst Turns Bullish; Here Are Top 5 Upgrades For Friday

Craig-Hallum analyst Christian Schwab upgrades Cohu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COHU#NASDAQ">COHU</a>) from Hold to Buy and announces $30 price target.

Craig-Hallum Upgrades Cohu to Buy, Announces $30 Price Target

Cohu expects fourth quarter 2024 sales to be in a range of $95 million +/- $7 million.

Earnings

Guidance

Cohu Expects Q4 Sales Of $95M +/- $7M Vs. $98.192M Consensus

Needham analyst Charles Shi maintains Cohu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COHU#NASDAQ">COHU</a>) with a Buy and raises the price target from $27 to $30.

Needham Maintains Buy on Cohu, Raises Price Target to $30

Cohu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COHU#NASDAQ">COHU</a>), a global supplier of equipment and services optimizing semiconductor manufacturing yield and productivity, today announced that its Neon platform was selected by a leading U.S. memory and data storage technologies customer for inspection metrology of high bandwidth memory devices (HBM) used in high-performance computing (HPC) and generative artificial intelligence (AI) applications.
Neon offers a highly efficient vision system enabling full 6-sided optical inspection and measurement of micro-pillars, integration with factory automation and an efficient output sorting process that addresses current and roadmap HBM market needs. Cohu's vision technology delivers accurate and reliable metrology of thousands of micro-pillars distributed over the HBM device. The accompanying AI inspection software utilizes proprietary deep learning and neural network-based pattern recognition that improves inspection yield. The HBM market is projected to be approximately $23 billion this year with a CAGR of 22% through 2029, representing an opportunity for more than $100M revenue for this class of inspection metrology systems.

Cohu Announces That Its Neon Platform Was Selected By A Leading U.S. Memory And Data Storage Technologies Customer For Inspection Metrology Of High Bandwidth Memory Devices Used In High-Performance Computing And Generative Artificial Intelligence Applications

Cohu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COHU#NASDAQ">COHU</a>), a global supplier of equipment and services optimizing semiconductor manufacturing yield and productivity, today announced that a leading European customer has selected Cohu's Neon system for high-speed handling and inspection of high-power SiC dies in burn-in test applications. This expands Cohu's products into burn-in and stress-test SiC processes.
Cohu's solution offers a proprietary carrier concept that allows singulated die burn-in and stress-test for up to 150 devices per carrier, enabling high parallel test, and optimizing yield and productivity. The unique interface solution enables high-power test up to 2,500V and heat dissipation capability up to 3,000W. In conjunction with test, Cohu's vision inspection metrology technology provides 6-sided optical inspection with micro-scale defect detection and full traceability from wafer input to output, satisfying stringent automotive zero-defect requirements. The accompanying AI inspection software utilizes proprietary deep learning and neural network-based pattern recognition to improve inspection yield and maximize throughput, reducing customers' total cost of ownership. The silicon carbide power market is projected to be approximately $2.2 billion this year with a CAGR of 25% through 2029 driven mainly by vehicle electrification and renewable energy, representing a $50 million market opportunity for Cohu in this type of equipment.

Cohu Announces That A Leading European Customer Has Selected Cohu's Neon System For High-Speed Handling And Inspection Of High-Power SiC Dies In Burn-In Test Applications; Expanding Cohu's Products Into Burn-In And Stress-Test SiC Processes

Cohu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COHU#NASDAQ">COHU</a>) reported quarterly losses of $(0.08) per share which missed the analyst consensus estimate of $(0.07) by 14.29 percent. The company reported quarterly sales of $95.30 million which missed the analyst consensus estimate of $95.75 million by 0.47 percent. This is a 36.81 percent decrease over sales of $150.80 million the same period last year.

Earnings Misses

Cohu Q3 2024 Adj EPS $(0.08) Misses $(0.07) Estimate, Sales $95.30M Miss $95.75M Estimate

Cohu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COHU#NASDAQ">COHU</a>) is set to give its latest quarterly earnings report on Thursday, 2024-10-31. Here's what investors need to know before the announcement.
Analysts estimate that Cohu will report an earnings per share (EPS) of $-0.07. 
Investors in Cohu are eagerly awaiting the company's announcement, hoping for news of surpassing estimates and positive guidance for the next quarter.
It's worth noting for new investors that stock prices can be heavily influenced by future projections rather than just past performance.
<h3>Historical Earnings Performance</h3>
Last quarter the company beat EPS by $0.01, which was followed by a 12.46% drop in the share price the next day.
Here's a look at Cohu's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>-0.02</td>
<td>-0.01</td>
<td>0.23</td>
<td>0.32</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>-0.01</td>
<td>0.01</td>
<td>0.23</td>
<td>0.35</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-12.0%</td>
<td>-2.0%</td>
<td>-6.0%</td>
<td>0.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1730300666_0_0.png" alt="eps graph" />
<h3>Insights Shared by Analysts on Cohu</h3>
For investors, grasping market sentiments and expectations in the industry is vital. This analysis explores the latest insights regarding Cohu.
Analysts have provided Cohu with 1 ratings, resulting in a consensus rating of Buy. The average one-year price target stands at $33.0, suggesting a potential 24.29% upside.
<h3>Analyzing Ratings Among Peers</h3>
The below comparison of the analyst ratings and average 1-year price targets of ACM Research and PDF Solutions, three prominent players in the industry, gives insights for their relative performance expectations and market positioning.
<ul>
<li>ACM Research received a Buy consensus from analysts, with an average 1-year price target of $31.8, implying a potential 19.77% upside.</li>
<li>PDF Solutions received a Buy consensus from analysts, with an average 1-year price target of $42.0, implying a potential 58.19% upside.</li>
</ul>
<h3>Peer Metrics Summary</h3>
Within the peer analysis summary, vital metrics for ACM Research and PDF Solutions are presented, shedding light on their respective standings within the industry and offering valuable insights into their market positions and comparative performance.

<table>
<thead>
<tr>
<th>Company</th>
<th>Consensus</th>
<th>Revenue Growth</th>
<th>Gross Profit</th>
<th>Return on Equity</th>
</tr>
</thead>
<tbody>
<tr>
<td>Cohu</td>
<td>Buy</td>
<td>-38.02%</td>
<td>$46.92M</td>
<td>-1.74%</td>
</tr>
<tr>
<td>ACM Research</td>
<td>Buy</td>
<td>40.05%</td>
<td>$96.78M</td>
<td>2.97%</td>
</tr>
<tr>
<td>PDF Solutions</td>
<td>Buy</td>
<td>0.14%</td>
<td>$29.43M</td>
<td>0.75%</td>
</tr>
</tbody>
</table>

Key Takeaway:
Cohu ranks at the bottom for Revenue Growth and Gross Profit, with negative growth and profit margin. It also has the lowest Return on Equity among its peers. Overall, Cohu's performance is weaker compared to its peers in terms of financial metrics.
<h3>About Cohu</h3>
Cohu Inc is a supplier of semiconductor test and inspection handlers, micro-electro-mechanical system (MEMS) test modules, test contactors, and thermal sub-systems used by semiconductor manufacturers and test subcontractors. The company's products include Semiconductor ATE (Automated Test Equipment), Semiconductor Handlers, Interface Products such as test contactors, probe heads and probe pins, Spares and Kits, Bare Board PCB Test Systems, and services. It has one reportable segment, Semiconductor Test and Inspection Equipment (Semiconductor Test &amp; Inspection).
<h3>Key Indicators: Cohu's Financial Health</h3>
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Decline in Revenue: Over the 3 months period, Cohu faced challenges, resulting in a decline of approximately -38.02% in revenue growth as of 30 June, 2024. This signifies a reduction in the company's top-line earnings. When compared to others in the Information Technology sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Cohu's net margin lags behind industry averages, suggesting challenges in maintaining strong profitability. With a net margin of -15.06%, the company may face hurdles in effective cost management.
Return on Equity (ROE): The company's ROE is below industry benchmarks, signaling potential difficulties in efficiently using equity capital. With an ROE of -1.74%, the company may need to address challenges in generating satisfactory returns for shareholders.
Return on Assets (ROA): Cohu's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -1.49%, the company may face hurdles in achieving optimal financial performance.
Debt Management: The company maintains a balanced debt approach with a debt-to-equity ratio below industry norms, standing at 0.02.
<a href="https://www.benzinga.com/quote/COHU/earnings">To track all earnings releases for Cohu visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Earnings Preview For Cohu

Cohu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COHU#NASDAQ">COHU</a>), a global supplier of equipment and services optimizing semiconductor manufacturing yield and productivity, today announced a leading multinational Automotive, Industrial, and Computing customer has selected the Diamondx platform for testing power management devices. This customer ordered an integrated test cell solution including Cohu's Diamondx tester configured with the new VI100 instrument along with major mixed signal platform enhancements paired with Cohu's NY32 handler and cCompact interface.
The new VI100 product is a four-quadrant voltage and current instrument that combines high-accuracy DC source and measure, including arbitrary waveform source and capture. Designed to address the increasing complexity and integration of analog and power management ICs, the VI100 is configured with a newly enhanced set of mixed signal instruments, multi-core test computer architectures and databus. The Diamondx now offers up to 80% reduced test time compared to legacy systems at less than half the cost-of-test for competitive-liquid cooled systems.

Contracts

Cohu Announces A Customer Ordered An Integrated Test Cell Solution Including Cohu's Diamondx Tester Configured With The New VI100 Instrument Along With Major Mixed Signal Platform Enhancements Paired With Cohu's NY32 Handler And cCompact Interface

Providing a diverse range of perspectives from bullish to bearish, 4 analysts have published ratings on Cohu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COHU#NASDAQ">COHU</a>) in the last three months.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Insights from analysts' 12-month price targets are revealed, presenting an average target of $34.75, a high estimate of $36.00, and a low estimate of $33.00. This current average represents a 6.71% decrease from the previous average price target of $37.25. 
<img src="https://www.benzinga.com/files/images/story/2024/1722531745_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
An in-depth analysis of recent analyst actions unveils how financial experts perceive Cohu. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Charles Shi</td>
<td>Needham</td>
<td>Lowers</td>
<td>Buy</td>
<td>$33.00</td>
<td>$37.00</td>
</tr>
<tr>
<td>Atif Malik</td>
<td>Citigroup</td>
<td>Maintains</td>
<td>Neutral</td>
<td>$36.00</td>
<td>$36.00</td>
</tr>
<tr>
<td>Atif Malik</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$36.00</td>
<td>$40.00</td>
</tr>
<tr>
<td>Charles Shi</td>
<td>Needham</td>
<td>Lowers</td>
<td>Buy</td>
<td>$34.00</td>
<td>$36.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Cohu. This information offers a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Delving into assessments, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings communicate expectations for the relative performance of Cohu compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Cohu's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
To gain a panoramic view of Cohu's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
<a href="https://www.benzinga.com/quote/COHU/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Cohu analyst ratings.</a>
If you are interested in following small-cap stock news and performance <a href="https://www.benzinga.com/news/small-cap">you can start by tracking it here</a>.
<h2>Delving into Cohu's Background</h2>
Cohu Inc is a supplier of semiconductor test and inspection handlers, micro-electro-mechanical system (MEMS) test modules, test contactors, and thermal sub-systems used by semiconductor manufacturers and test subcontractors. The company's products include Semiconductor ATE (Automated Test Equipment), Semiconductor Handlers, Interface Products such as test contactors, probe heads and probe pins, Spares and Kits, Bare Board PCB Test Systems, and services. It has one reportable segment, Semiconductor Test and Inspection Equipment (Semiconductor Test &amp; Inspection).
<h3>Unraveling the Financial Story of Cohu</h3>
Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.
Revenue Growth: Cohu's revenue growth over a period of 3 months has faced challenges. As of 31 March, 2024, the company experienced a revenue decline of approximately -40.0%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: Cohu's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -13.6%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Cohu's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -1.57%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): Cohu's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -1.32%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Cohu's debt-to-equity ratio is below the industry average. With a ratio of 0.03, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
<h2>Analyst Ratings: What Are They?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

The Latest Analyst Ratings For Cohu

Cohu shares are trading lower after the company reported worse-than-expected Q2 revenue results and issued Q3 revenue guidance below estimates. Additionally, Needham lowered its price target on the stock from $37 to $33.

Needham analyst Charles Shi maintains Cohu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COHU#NASDAQ">COHU</a>) with a Buy and lowers the price target from $37 to $33.

Needham Maintains Buy on Cohu, Lowers Price Target to $33

Cohu Expects Q3 Sales Of $95M +/- $5M; Est $107.2M

Cohu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COHU#NASDAQ">COHU</a>) reported quarterly losses of $(0.01) per share which beat the analyst consensus estimate of $(0.02) by 50 percent. This is a 102.08 percent decrease over earnings of $0.48 per share from the same period last year. The company reported quarterly sales of $104.701 million which missed the analyst consensus estimate of $105.121 million by 0.40 percent. This is a 38.02 percent decrease over sales of $168.921 million the same period last year.

Earnings Beats

Cohu Q2 2024 Adj. EPS $(0.01) Beats $(0.02) Estimate, Sales $104.701M Miss $105.121M Estimate

Needham analyst N. Quinn Bolton raised the firm's price target on Cohu (COHU) to $30 from $27 and keeps a Buy rating on the shares after its in-lin...

Cohu price target raised to $30 from $27 at Needham

Cohu ticks up as Craig Hallum upgrades on signs of market improvement

Cohu, Inc. 2024 Q3 - Results - Earnings Call Presentation

Cohu: Restraint Still Necessary Even With An Improved Outlook

Cohu signs definitive agreement to acquire Tignis

2024's 'Biggest loses' that could see reversal in 2025

2024's 'Biggest losers' that could see reversal in 2025

Cohu (COHU – Research Report) received a Hold rating and price target from Needham analyst Charles Shi today. The company's shares closed last Frid...

Cohu (COHU) was downgraded to a Hold Rating at Needham

Needham analyst Charles Shi downgraded Cohu (COHU) to Hold from Buy without a price target The firm lowered its 2025 wafer fab equipment estimate f...

Cohu downgraded to Hold from Buy at Needham

Semi equipment stocks in focus as Needham cuts spending estimate for 2025

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Press Releases

Cohu Announces Order for New Diamondx Instrument and Mixed Signal Platform

Cohu To Announce Third Quarter 2024 Results on October 31

Cohu to Participate at the Stifel 2024 Midwest 1x1 Conference

Cohu Reports Third Quarter 2024 Results

Cohu Enters Silicon Carbide (SiC) Burn-In Test Market

Cohu Enters HBM Memory Market with Neon Inspection Metrology Platform

Cohu to Participate in the 13th Annual NYC Summit Investor Conference

Cohu to Enhance Data Analytics and AI/ML Platform with Acquisition of Tignis

Cohu to Participate at 27th Annual Needham Growth Conference

Cohu Completes Acquisition of Tignis

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