Stock in Focus: Cohu, Inc. (COHU)

Company Profile:

Cohu, Inc. engages in the provision of back-end semiconductor equipment and services. It provides semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, thermal sub-systems, semiconductor automated test equipment (ATE), and bare board printed circuit board (PCB) test systems for semiconductor and electronics manufacturers, and test subcontractors in Germany, the United States, Japan, Malaysia, the Philippines, and internationally. The company was formerly known as Cohu Electronics, Inc. and changed its name to Cohu, Inc. in 1972. Cohu, Inc. was incorporated in 1947 and is headquartered in Poway, California.

Recent News:

The company reported fiscal 2020 third quarter net sales of $150.6 million and GAAP loss of $6.6 million or $0.16 per share. Net sales for the first nine months of 2020 were $433.7 million and GAAP loss was $28.7 million or $0.69 per share.

On September 14, the company announced the introduction of its RedDragon RF test module for 5G, Wi-Fi 6 and Ultra-Wideband standards. The RedDragon module extends Cohu testers’ capabilities with industry-leading throughput, cost optimized for multi-site measurement, and delivering the higher RF frequency and wider signal bandwidth required by evolving wireless standards in mobile and consumer devices.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

COHU’s strengths can be seen in its strong growth and better efficiency compared with its peers. Its revenue has increased over recent years. Technical indicators signal the bullish signs, as there is a bullish crossover in MACD and Stochastic oscillator. The RSI stands at 67.46 with positive bias. We rate Cohu, Inc. (COHU) a STRONG BUY.

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