Cohu, Inc. [COHU] Stock Forecast

Semiconductor service company Cohu is staring down the barrel of a 21% drop in revenue this year. However, the company's profitability remains resilient thanks to the expansion of its high-margin recurring revenue streams.

Cohu is a niche player in the semiconductor industry, offering a broad portfolio of equipment and services for back-end manufacturing. The company has seen solid growth, with revenues nearly quadrupling in a 7-8 year window. However, recent headwinds in the industry have led to declining sales and profitability, raising concerns about the company's near term earnings power.

Cohu, Inc. (NASDAQ:COHU ) Q3 2023 Earnings Conference Call November 2, 2023 4:30 PM ET Company Participants Jeffrey Jones - Chief Financial Officer Luis Müller - Chief Executive Officer Conference Call Participants Charles Shi - Needham & Company Brian Chin - Stifel, Nicolaus & Company Robert Mertens - TD Cowen Christian Schwab - Craig-Hallum Capital Group LLC Craig Ellis - B. Riley Securities Operator Good day, and thank you for standing by.

I upgraded my rating from hold to buy due to a 2x decrease in valuation and clear visibility to FY24/25 growth, anticipating accelerating growth over the next 2 years. COHU's 2Q23 results showed a 22% drop in revenue but included positive factors like non-GAAP gross margin expansion to 47.8% and non-GAAP EPS exceeding expectations at $0.48. Despite challenges in certain segments like Automotive and Industrial, COHU is expected to exhibit steady growth over the next two years, mirroring historical cycles.

Semiconductor-service company Cohu makes testing and handling equipment for chip producers. Its revenue and earnings declined in the first half of 2023 (year over year) alongside weakness in the broader semiconductor industry.

Cohu, Inc. (NASDAQ:COHU ) Q2 2023 Earnings Conference Call August 3, 2023 8:30 AM ET Company Participants Jeff Jones – Senior Vice President and Chief Financial Officer Luis Muller – President and Chief Executive Officer Conference Call Participants Brian Chin – Stifel Craig Ellis – B. Riley Krish Sankar – TD Cowen Charles Shi – Needham & Company Operator Good day and thank you for standing by.

POWAY, Calif.--(BUSINESS WIRE)--Cohu, Inc. (NASDAQ: COHU), a global supplier of equipment and services optimizing semiconductor manufacturing yield and productivity, will release financial results for second quarter on Thursday, August 3, 2023, at 5:00 a.m. Pacific Time/8:00 a.m. Eastern Time. The Company will host a live conference call and webcast with slides to discuss the results at 5:30 a.m. Pacific Time/8:30 a.m. Eastern Time. Interested parties may listen live via webcast on Cohu's inves.

One of the hottest topics right now is artificial intelligence (AI), and any stock that finds itself linked has experienced a wave of buying momentum. Since NVIDIA Corp's NASDAQ: NVDA last-quarter earnings, semiconductor stocks have been intrinsically linked to the AI story.

Consumers are currently fascinated with software platforms like ChatGPT and Google's Bard. But for investors, the best opportunities in the AI space might be in the hardware sector.

Nvidia has surged this year on the back of artificial intelligence-related hype among investors. But other chip stocks are lagging due to weak consumer segments like computing and gaming.

Cohu, Inc. is a US stock , located in Poway of Ca and trading under the symbol COHU

1 stock analysts have 1 predictions with a medium analyst target price of $36. The lowest prediction is $36 and the highest is $36

Cohu, Inc. stock price is $32.41 today.

Yes, Cohu, Inc. is a publicly traded company.