Cohu, Inc. (COHU)

In the past six months, Cohu's stock has experienced notable movements and analyst attention. As of January 16, 2026, the stock saw a 25% gain in the preceding month and a 20% gain over the full year. Analysts have issued price targets for COHU, with a median target of $30.0 in the last six months. B. Riley raised Cohu's price target to $35 on January 31, 2026, citing surging AI-driven demand. In Q3 2025, Cohu reported revenues of $126.2 million, a 32.42% increase from the prior year, and returned to non-GAAP profitability in Q2 2025 with an EPS of $0.02. Institutional investor activity in Q3 2025 showed 152 institutions adding shares and 78 decreasing their positions.

Demand for Cohu's capital equipment products is heavily influenced by the capital expenditure budgets and spending patterns of its customers, which are subject to the cyclical nature of the semiconductor industry. While the semiconductor equipment industry is known for its cyclicality, Cohu's recurring revenue from interface products and services provides a layer of resilience against these market fluctuations. The company experienced 14 consecutive quarters of revenue contraction leading up to Q1 2025, but saw a strong rebound in Q3 2025 net sales, though a potential revenue pullback was anticipated for Q4 2025.

Cohu, Inc. is a global technology leader in back-end semiconductor equipment and services, focusing on optimizing semiconductor manufacturing yield and productivity. Their product portfolio includes test and handling capital equipment, interface products, thermal subsystems, vision inspection, MEMS test solutions, ATE, and data analytics software. In January 2025, Cohu acquired Tignis, Inc. to integrate AI and machine learning into semiconductor fabrication process optimization.

Cohu has a significant global presence with manufacturing and service centers in the Americas, including the United States; Europe, including Germany, Switzerland, France and Italy; and Asia, including Singapore, Malaysia, Thailand, Philippines, Taiwan, China, Korea and Japan.

In the past year, Cohu has maintained its reputation as a global technology leader in the semiconductor industry. The acquisition of Tignis, Inc. in January 2025, which integrated AI and machine learning capabilities, bolstered its reputation. The company also secured a $28 million design-win order for its Eclipse handler in Q2 2025. Cohu's mission to be a leader in back-end semiconductor equipment and services further reinforces its brand standing.

Cohu's ownership is predominantly institutional, with 86.76% of shares held by institutional investors as of November 2025. Public/individual investors own 8.44%, and insiders hold 4.80%. Major institutional shareholders include BlackRock, Inc., with approximately 15.08% ownership, and The Vanguard Group, Inc., holding about 9.18%.