Cohu, Inc., through its subsidiaries, engages in the semiconductor test and inspection equipment, and printed circuit board (PCB) test equipment businesses in China, the United States, Taiwan, Malaysia, the Philippines, and internationally.
Price History & Performance
|Historical stock prices|
|Current Share Price||US$33.89|
|52 Week High||US$16.41|
|52 Week Low||US$51.86|
|1 Month Change||13.69%|
|3 Month Change||-0.85%|
|1 Year Change||95.44%|
|3 Year Change||58.51%|
|5 Year Change||188.67%|
|Change since IPO||2,680.72%|
Recent News & Updates
Is Now The Time To Look At Buying Cohu, Inc. (NASDAQ:COHU)?
Cohu, Inc. ( NASDAQ:COHU ), is not the largest company out there, but it received a lot of attention from a substantial...
|COHU||US Semiconductor||US Market|
Return vs Industry: COHU exceeded the US Semiconductor industry which returned 51.6% over the past year.
Return vs Market: COHU exceeded the US Market which returned 30.7% over the past year.
Stable Share Price: COHU is not significantly more volatile than the rest of US stocks over the past 3 months, typically moving +/- 7% a week.
Volatility Over Time: COHU's weekly volatility (7%) has been stable over the past year.
About the Company
Cohu, Inc., through its subsidiaries, engages in the semiconductor test and inspection equipment, and printed circuit board (PCB) test equipment businesses in China, the United States, Taiwan, Malaysia, the Philippines, and internationally. It supplies semiconductor test and inspection handlers, micro-electromechanical system (MEMS) test modules, test contactors, thermal sub-systems, semiconductor automated test equipment, and bare board PCB test systems for semiconductor and electronics manufacturers, and test subcontractors. The company provides semiconductor automated test equipment for wafer level and device package testing; various test handlers, including pick-and-place, turret, gravity, strip, and MEMS and thermal sub-systems; interface products comprising test contactors, and probe heads and pins; spares and kits; bare board PCB test systems to test pre-assembly PCBs; various parts and labor warranties on test and handling systems, and instruments; and training on the maintenance and operation of its systems.
Cohu Fundamentals Summary
|COHU fundamental statistics|
Is COHU overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|COHU income statement (TTM)|
|Cost of Revenue||US$456.94m|
Last Reported Earnings
Jun 26, 2021
Next Earnings Date
|Earnings per share (EPS)||2.97|
|Net Profit Margin||15.90%|
How did COHU perform over the long term?See historical performance and comparison
Is Cohu undervalued compared to its fair value and its price relative to the market?
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: COHU ($33.89) is trading below our estimate of fair value ($139.45)
Significantly Below Fair Value: COHU is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: COHU is good value based on its PE Ratio (12.6x) compared to the US Semiconductor industry average (30.2x).
PE vs Market: COHU is good value based on its PE Ratio (12.6x) compared to the US market (17.1x).
Price to Earnings Growth Ratio
PEG Ratio: COHU's earnings are forecast to decline next year, so we can't calculate its PEG ratio.
Price to Book Ratio
PB vs Industry: COHU is good value based on its PB Ratio (1.9x) compared to the US Semiconductor industry average (4.6x).
How is Cohu forecast to perform in the next 1 to 3 years based on estimates from 9 analysts?
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: COHU's earnings are forecast to decline over the next 3 years (-7.9% per year).
Earnings vs Market: COHU's earnings are forecast to decline over the next 3 years (-7.9% per year).
High Growth Earnings: COHU's earnings are forecast to decline over the next 3 years.
Revenue vs Market: COHU's revenue (1.7% per year) is forecast to grow slower than the US market (9.5% per year).
High Growth Revenue: COHU's revenue (1.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: COHU's Return on Equity is forecast to be low in 3 years time (15.1%).
How has Cohu performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: COHU has a large one-off gain of $57.9M impacting its June 26 2021 financial results.
Growing Profit Margin: COHU became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: COHU has become profitable over the past 5 years, growing earnings by -13.1% per year.
Accelerating Growth: COHU has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: COHU has become profitable in the last year, making it difficult to compare its past year earnings growth to the Semiconductor industry (70.4%).
Return on Equity
High ROE: COHU's Return on Equity (15.4%) is considered low.
How is Cohu's financial position?
Financial Position Analysis
Short Term Liabilities: COHU's short term assets ($826.6M) exceed its short term liabilities ($321.3M).
Long Term Liabilities: COHU's short term assets ($826.6M) exceed its long term liabilities ($200.2M).
Debt to Equity History and Analysis
Debt Level: COHU's debt to equity ratio (25.6%) is considered satisfactory.
Reducing Debt: Insufficient data to determine if COHU's debt to equity ratio has reduced over the past 5 years.
Debt Coverage: COHU's debt is well covered by operating cash flow (33.2%).
Interest Coverage: COHU's interest payments on its debt are well covered by EBIT (10.7x coverage).
What is Cohu current dividend yield, its reliability and sustainability?
Dividend Yield vs Market
Notable Dividend: Unable to evaluate COHU's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate COHU's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if COHU's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if COHU's dividend payments have been increasing.
Current Payout to Shareholders
Dividend Coverage: COHU is not paying a notable dividend for the US market.
Future Payout to Shareholders
Future Dividend Coverage: No need to calculate the sustainability of COHU's dividend in 3 years as they are not forecast to pay a notable one for the US market.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Luis Muller (51 yo)
Dr. Luis A. Muller has been a Director of Celestica Inc. since August 31, 2021. He has been the Chief Executive Officer and President of Cohu, Inc. since December 28, 2014. Prior to joining Cohu, Dr. Mulle...
CEO Compensation Analysis
Compensation vs Market: Luis's total compensation ($USD3.32M) is about average for companies of similar size in the US market ($USD3.66M).
Compensation vs Earnings: Luis's compensation has been consistent with company performance over the past year.
Experienced Management: COHU's management team is considered experienced (4.3 years average tenure).
Experienced Board: COHU's board of directors are considered experienced (5 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: COHU insiders have sold more shares than they have bought in the past 3 months.
Recent Insider Transactions
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 16.1%.
Cohu, Inc.'s employee growth, exchange listings and data sources
- Name: Cohu, Inc.
- Ticker: COHU
- Exchange: NasdaqGS
- Founded: 1947
- Industry: Semiconductor Equipment
- Sector: Semiconductors
- Market Cap: US$1.647b
- Shares outstanding: 48.60m
- Website: https://www.cohu.com
Number of Employees
- Cohu, Inc.
- 12367 Crosthwaite Circle
- United States
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2021/09/16 05:01|
|End of Day Share Price||2021/09/15 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.