Cohu, Inc. (COHU)

In the past six months, Cohu's stock opened at $23.51 on October 28, 2025, with a 12-month low of $12.57 and a 12-month high of $29.42. The company reported its Q2 2025 earnings on July 31, 2025, with revenue reaching $107.7 million, surpassing analyst estimates. Non-GAAP earnings per share were $0.02, beating the estimated loss of $0.02 per share. Cohu's revenue for the quarter was up 2.9% compared to the same quarter last year. The company also announced a private upsized offering of $287.5 million in convertible senior notes due 2031, which closed in September 2025. As of October 28, 2025, the stock was trading up 2.9%.

The demand for Cohu, Inc.'s products and services is significantly influenced by the cyclical, volatile, and unpredictable nature of the semiconductor industry. Economic downturns or periods of overcapacity in the semiconductor market can lead to decreased orders and lower revenues for Cohu. In 2024, Cohu reported strong financial performance driven by demand in the automotive, 5G, and advanced packaging markets, with increased demand also noted in the computing sector. The company's recurring revenue helps to buffer against the fluctuations in capital equipment orders.

Cohu, Inc. is a global technology company in the Semiconductor Equipment & Materials industry, providing equipment and services for back-end semiconductor manufacturing. The company's products include semiconductor test and inspection handlers, MEMS test modules, test contactors, thermal sub-systems, semiconductor ATE, inspection and metrology solutions, and data analytics software. These products cater to various markets, including automotive, computing, consumer, mobility, industrial, medical, IoT, and optoelectronics. Cohu has expanded its portfolio with the Krypton inspection platform and the acquisition of Tignis, an AI process control and analytics software provider.

Cohu, Inc. has a significant global presence with operations and sales in Asia, Europe, and North America. In fiscal year 2016, 51.8% of Cohu's revenue came from Asia. The company's manufacturing operations are located in Malaysia, Philippines, Japan, and Singapore. Product development facilities are situated in the United States, Switzerland, Germany, and Minnesota.

Cohu has maintained a strong brand reputation, reinforced by strategic advancements and customer wins. The company is recognized as a global leader in semiconductor test and handling equipment and a growing provider of automated test equipment, inspection & metrology solutions, and data analytics software. In January 2025, Cohu acquired Tignis, an AI process control and analytics software provider. In May 2024, Cohu announced a multi-year estimated $100 million win for its test automation and new Krypton inspection systems from a leading European electronics and semiconductor manufacturer.

Institutional investors hold a significant majority of Cohu, Inc.'s stock, owning 94.67% of the company. Several institutional investors have recently increased their positions, including Cwm LLC, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd., US Bancorp DE, Janney Montgomery Scott LLC, Parallel Advisors LLC, GAMMA Investing LLC, and Leeward Investments LLC MA.