Cohu Q4: Revise Rating To Hold, Lost Confidence On A Strong FY24 Recovery [Seeking Alpha]
Cohu, Inc. (COHU)
Last cohu, inc. earnings: 2/12 09:15 pm
Check Earnings Report
US:NASDAQ Investor Relations:
cohu.gcs-web.com/investor-information
Company Research
Source: Seeking Alpha
COHU reported weak financial results, with revenue down 9% sequentially and 28% annually. While there are positive signs of recovery in the mobile and semiconductor test segments, incremental challenges in the auto and industrial segments forced me to take a more conservative stance. Summary Readers may find my previous coverage from last December via this link . My previous rating was a buy, as I believed Cohu, Inc. ( NASDAQ: COHU ) would see a recovery soon despite the weakness seen in the auto and industrial segments. I am revising my rating to hold (neutral) as I am no longer confident that COHU will see a strong recovery in FY24 after reviewing the 4Q23 performance, where weakness continues to be seen in the auto and industrial segment (utilization rate fell again) and management 1Q24 guidance was really weak (implying another 20+% growth decline for FY24). From an equity investor perspective, I think it makes more sense to wait for more clarity on the timing of recovery b
Show less
Read more
Impact Snapshot
Event Time:
COHU
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
COHU alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
COHU alerts
High impacting Cohu, Inc. news events
Weekly update
A roundup of the hottest topics
COHU
News
- Cohu to Announce First Quarter 2024 Results on May 2 [Yahoo! Finance]Yahoo! Finance
- Cohu to Announce First Quarter 2024 Results on May 2Business Wire
- Is It Too Late To Consider Buying Cohu, Inc. (NASDAQ:COHU)? [Yahoo! Finance]Yahoo! Finance
- Cohu, Inc. (NASDAQ:COHU) On An Uptrend: Could Fundamentals Be Driving The Stock? [Yahoo! Finance]Yahoo! Finance
- 1 Super Semiconductor Stock to Buy Hand Over Fist and Hold for at Least 5 Years [Yahoo! Finance]Yahoo! Finance
COHU
Earnings
- 2/15/24 - Beat
COHU
Sec Filings
- 4/22/24 - Form DEF
- 4/12/24 - Form PRE
- 4/1/24 - Form 4
- COHU's page on the SEC website