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Upturn AI SWOT - About
COHU 
Cohu Inc (COHU)
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Upturn Advisory Summary
03/27/2025: COHU (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -37.51% | Avg. Invested days 31 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 03/27/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 719.80M USD | Price to earnings Ratio - | 1Y Target Price 29.5 |
Price to earnings Ratio - | 1Y Target Price 29.5 | ||
Volume (30-day avg) 589115 | Beta 1.5 | 52 Weeks Range 14.34 - 36.60 | Updated Date 04/2/2025 |
52 Weeks Range 14.34 - 36.60 | Updated Date 04/2/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -1.49 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Revenue by Geography
Geography revenue - Year on Year
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin -17.38% | Operating Margin (TTM) -26.14% |
Management Effectiveness
Return on Assets (TTM) -4.18% | Return on Equity (TTM) -7.73% |
Valuation
Trailing PE - | Forward PE 32.05 | Enterprise Value 444172685 | Price to Sales(TTM) 1.79 |
Enterprise Value 444172685 | Price to Sales(TTM) 1.79 | ||
Enterprise Value to Revenue 1.11 | Enterprise Value to EBITDA 31.07 | Shares Outstanding 46710000 | Shares Floating 45470349 |
Shares Outstanding 46710000 | Shares Floating 45470349 | ||
Percent Insiders 2.57 | Percent Institutions 96.38 |
Analyst Ratings
Rating 4.33 | Target Price 31.17 | Buy 1 | Strong Buy 4 |
Buy 1 | Strong Buy 4 | ||
Hold - | Sell 1 | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Cohu Inc
Company Overview
History and Background
Cohu, Inc. was founded in 1957. Initially a manufacturer of electronics and television equipment, the company evolved to focus on semiconductor test and inspection equipment, including back-end equipment, over the years.
Core Business Areas
- Semiconductor Test and Inspection Equipment: Provides equipment used in the testing and handling of semiconductors, ensuring quality and reliability.
- Interface Solutions: Provides contactors, test sockets and handlers to connect the tester to the semiconductor devices and ensure test integrity and quality.
Leadership and Structure
Luis A. Mu00fcller is the President and CEO. The company has a typical corporate structure with functional departments like Sales, Marketing, Engineering, and Finance.
Top Products and Market Share
Key Offerings
- Semiconductor Test Handlers: Equipment that automates the process of moving semiconductor devices to and from test equipment. Competitors include Advantest, Teradyne and Chroma ATE. Cohu's market share in this segment is approximately 25-30%.
- Test Contactors and Probe Cards: Connectors to test the semiconductors. Key competitors include Smiths Interconnect and SV TCL. The market share for this product is approximately 20-25%.
Market Dynamics
Industry Overview
The semiconductor test equipment market is driven by the complexity and increasing performance requirements of semiconductors, coupled with increasing demand for electronics across all industries. There is a cyclical nature due to demand and technology changes.
Positioning
Cohu Inc. is a player in the back-end semiconductor equipment market, competing with larger companies like Advantest and Teradyne, and more targeted players. They are known for focused product offerings and expertise in specific market segments.
Total Addressable Market (TAM)
The total addressable market for semiconductor test equipment is estimated at $5 billion. Cohu is positioned to address approximately 20-25% of this TAM.
Upturn SWOT Analysis
Strengths
- Specialized Product Portfolio
- Established Customer Relationships
- Strong Position in Niche Markets
- Scalable Business Model
Weaknesses
- Limited Diversification
- Smaller Size Compared to Main Competitors
- Cyclical Revenue Streams
- Dependence on Semiconductor Industry Trends
Opportunities
- Expansion into New Geographic Markets
- Development of New Technologies
- Acquisition of Complementary Businesses
- Increased Demand for Advanced Testing Solutions
Threats
- Intense Competition
- Technological Obsolescence
- Economic Downturns
- Supply Chain Disruptions
Competitors and Market Share
Key Competitors
- ADNT
- TER
- CHRO
Competitive Landscape
Cohu competes with larger companies that have greater resources. Cohu differentiates itself with specialized solutions, strong customer relationships, and niche market leadership.
Major Acquisitions
Xcerra
- Year: 2018
- Acquisition Price (USD millions): 796
- Strategic Rationale: Expanded Cohu's product portfolio and global reach in the semiconductor test and handling market.
Growth Trajectory and Initiatives
Historical Growth: Revenue growth has been volatile, reflecting the cyclical nature of the semiconductor industry.
Future Projections: Analysts project a return to revenue growth within the next 1-2 years as the semiconductor market recovers. Revenue Growth Rate Forecasts (%): [5, 10, 12]
Recent Initiatives: Cohu has focused on product development, cost optimization, and strategic acquisitions to drive growth.
Summary
Cohu Inc. is a specialized player in the semiconductor test equipment market. They have strengths in niche markets and established customer relationships but face challenges due to their smaller size, cyclical revenue streams, and intense competition. Cohu needs to focus on product diversification, expanding into new markets, and managing supply chain risks to continue its growth trajectory. Although they operate in a volatile sector, Cohu has demonstrated historical shareholder returns.
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KEYS
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TER
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Sources and Disclaimers
Data Sources:
- SEC Filings
- Company Investor Relations
- Market Research Reports
- Analyst Reports
Disclaimers:
The information provided is for informational purposes only and should not be considered investment advice. Investment decisions should be based on independent research and consultation with a qualified financial advisor.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Cohu Inc
Exchange NASDAQ | Headquaters Poway, CA, United States | ||
IPO Launch date 1986-11-12 | President, CEO & Director Dr. Luis Antonio Muller Ph.D. | ||
Sector Technology | Industry Semiconductor Equipment & Materials | Full time employees 2986 | Website https://www.cohu.com |
Full time employees 2986 | Website https://www.cohu.com | ||
Cohu, Inc., through its subsidiaries, provides semiconductor test equipment and services in the United States, China, Malaysia, the Philippines, Singapore, and internationally. It supplies test and inspection metrology automation systems, micro-electromechanical system test modules, test contactors, thermal subsystems, and data analytics software for semiconductor manufacturers and test subcontractors. The company also provides semiconductor automated test equipment for wafer level and device package testing; various test handlers, including pick-and-place, turret, gravity, strip, film frame, laser marker, and thermal sub-systems; interface products comprising test contactors, and probe heads and pins; spares and kits; various parts and labor warranties on test and handling systems, and instruments; and training on the maintenance and operation of its systems, as well as application, data management software, and consulting services on its products. In addition, it offers data analytics product that includes DI-Core, a software suite used to optimize Cohu equipment performance, which provides real-time online performance monitoring and process control. Further, the company provides artificial intelligence process control and analytics-based monitoring software. It markets its products through direct sales force and independent sales representatives. 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.
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