Cohu, Inc. | $COHU Stock | Shares Pop on Better than Expected Preliminary Q2 Revenue Numbers


Cohu, Inc. (NASDAQ: COHU)


Cohu, Inc. (COHU), a global semiconductor company yesterday reported their preliminary second quarter 2017 financial results. Cohu reported second  quarter revenues of $93 million which beat analyst expectations of $86.2 million.  


Cohu, Inc. CEO’s  Comments

Luis Müller, President and Chief Executive Officer of Cohu, commented, “Our stronger than expected revenue in the second quarter was driven by continued momentum in the automotive and mobility markets, further highlighted by record orders in the quarter. These results reflect early acceptance of new products with existing customers as well as an increase in recurring revenue due to higher utilization across the installed base and particularly from computing applications. Our business continues to benefit from the growing trends of increased semiconductor content in automotive as well as greater device complexity in mobile handsets and IoT products, all of which drive the need for more advanced test handling equipment with extensive thermal and vision inspection capabilities. We look forward to discussing our complete financial results on our conference call in late July and also showcasing our newest products at our upcoming Corporate Access Day.”  Business Wire


COHU Technical Analysis

COHU opened trading yesterday at $16.40 which was up from the previous day’s trading close of $16.32. COHU closed trading yesterday at $16.71 and spiked up after market to $18.18, equivalent to a 9% increase from the closing price. Taking a look at the daily chart we can see the last time COHU traded below these levels we have to go back to June 13th when it traded at $18.25.

Taking a closer look at the daily chart we can see that before the spike up COHU had been in an overall downward trend dating back to April 27th when it traded at $21.27. COHU has a float of 26.29 million shares and traded 1.11 times the normal daily trading volume on Tuesday.

For day trading purposes, I would like to see COHU open trading on Wednesday above $17.75 or the VWAP and if it does I would be looking to take a long position at the bell with a limit order. My stop loss would be $0.20 from my entry position fearing anything more than that and the stock would start to fill in the gap up.


Company Profile

Cohu, Inc., through its subsidiaries, engages in the development, manufacture, sale, and servicing of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, and thermal sub-systems for semiconductor manufacturers and test subcontractors worldwide.

It offers pick-and-place handlers; thermal handler for microprocessors, graphics processors, and other integrated circuits; pick-and-place platform for fabless and outsourced semiconductor assembly and test customers, as well as for integrated device manufacturers; a platform for assembly automation; gravity-feed and test-in-strip handlers; and turret handler for testing and inspection of integrated circuits, LEDs, and discrete devices.

The company also provides MEMS test modules that generate physical stimuli for testing of sensor integrated circuits; thermal sub-systems that offer temperature control of the integrated circuit during the testing process; contactor solutions; spares; and a range of device dedication kits that enable handlers to process various semiconductor packages.

Cohu, Inc. 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 founded in 1947 and is headquartered in Poway, California.  Yahoo Finance