Welcome to our dedicated page for Cohu news (Ticker: COHU), a resource for investors and traders seeking the latest updates and insights on Cohu stock.
Cohu Inc. (NASDAQ: COHU) is a globally recognized leader in the semiconductor test and inspection equipment industry, headquartered in Poway, California. The company provides innovative solutions that enable its customers—who are also leaders in automotive, computing, mobility, IoT, communications, high-speed memory, industrial, and solid-state lighting sectors—to overcome some of the toughest challenges in semiconductor testing.
Cohu Inc. offers an extensive range of technologies that can be integrated into various handler platforms to optimize semiconductor test processes. Its product portfolio comprises:
- Digital Test Handlers: Pick-and-place semiconductor test handlers, burn-in equipment, and thermal sub-systems, commonly referred to as Delta Design products.
- Analog Test Handlers: Gravity feed, test-in-strip handlers, MEMS test units, and turret-based test handling and back-end finishing equipment for ICs, LEDs, and discrete components, commonly known as Rasco products.
- Interface Products: Including test contactors, probe heads, and probe pins.
- Automated Test Equipment (ATE): Advanced systems for semiconductor testing.
- Spare Parts and Kits: Essential components for maintaining and upgrading testing equipment.
Furthermore, Cohu Inc. serves semiconductor manufacturers and test subcontractors with micro-electro-mechanical system (MEMS) test modules, test contactors, thermal sub-systems, and bare board PCB test systems. The company operates primarily within one reportable segment: Semiconductor Test and Inspection Equipment.
In recent times, Cohu Inc. has been involved in several groundbreaking projects and partnerships, enhancing its financial condition and expanding its market footprint. The company continues to focus on innovation and excellence, ensuring its products meet the evolving demands of the semiconductor industry.
Latest News: Stay updated with the most recent developments and performances of Cohu Inc. to get insights into their latest projects, financial updates, and market trends.
Cohu, Inc. (NASDAQ: COHU) reported third quarter 2021 net sales of $225.1 million, a 49% increase year-over-year, with a GAAP income of $23.7 million or $0.48 per share. For the first nine months, net sales reached $695.4 million and GAAP income was $146.4 million or $3.04 per share. The company announced a $70 million share repurchase program. Looking ahead, fourth quarter sales are projected between $182 million and $195 million. Cohu's strong demand for test systems and current 87% test cell utilization underline its growth.
Cohu, Inc. (NASDAQ: COHU) will release its third quarter 2021 financial results on October 28, 2021, at 1:00 p.m. PT. A live conference call will follow at 1:30 p.m. PT, allowing investors and analysts to engage directly. The call can be accessed through designated phone numbers or via a webcast on Cohu's website. A replay will be available until November 4, 2021. This announcement highlights Cohu's commitment to transparency and investor relations in the semiconductor equipment sector.
Cohu (NASDAQ: COHU) will participate in Citi's 2021 Global Technology Virtual Conference on September 13, 2021. The event will feature a one-on-one meeting format and a fireside chat, facilitating direct discussions with management.
Presentation materials will be accessible via the Investor Relations section on www.cohu.com. Portfolio managers and analysts are encouraged to schedule meetings through their banking representatives.
Cohu, Inc. (NASDAQ: COHU) reported that its Neon inspection and metrology platform has been selected by a large integrated device manufacturer for various global sites. Orders for Neon reached
Cohu, a global leader in back-end semiconductor equipment and services (NASDAQ: COHU), has announced participation in several upcoming investor conferences. These include:
- B. Riley Securities Summer Summit on August 19, 2021.
- Needham Virtual 2nd Annual SemiCap and EDA Conference on August 24, 2021.
- Rosenblatt Securities Inaugural Tech Summit on August 25, 2021.
- Jefferies Semiconductor, IT Hardware & Communications Infrastructure Summit on August 31 and September 1, 2021.
Presentation materials will be available on their website.
Cohu, a leader in back-end semiconductor equipment, reported a strong fiscal Q2 2021 with net sales of $244.8 million and GAAP income of $95.1 million, translating to $1.92 per share. Year-to-date, sales reached $470.3 million with a GAAP income of $122.7 million.
The recent divestment of its PCB Test business yielded a $75.8 million gain and allowed the company to prepay $100 million of its term loan B debt. Cohu forecasts Q3 2021 sales between $220 million and $235 million.
Cohu, Inc. (NASDAQ: COHU) will announce its second quarter 2021 financial results on July 29, 2021, at 5:00 a.m. Pacific Time. A live conference call and webcast will follow at 5:30 a.m. Pacific Time, open to investors and analysts. Interested parties can join the call using specific dial-in numbers and a passcode. A replay of the teleconference will be available until August 5, 2021, with additional access to the webcast on the company’s website. Cohu is a leader in back-end semiconductor equipment and services.
Cohu, Inc. (NASDAQ: COHU) has prepaid an additional $100 million of its term loan B facility, lowering its outstanding principal to approximately $104 million. This prepayment, funded by proceeds from a business divestment, is expected to save about $0.8 million in interest expenses for Q3 2021. However, Cohu anticipates a non-cash charge of approximately $1.7 million due to accelerated loan origination costs. CEO Luis Müller highlighted the importance of deleveraging, noting a total reduction of approximately $202 million in TLB debt during fiscal 2021.
Cohu, Inc. (NASDAQ: COHU) has successfully completed the sale of its Printed Circuit Board Test Group business to Mycronic AB for $125.4 million. This transaction aligns with a definitive agreement announced earlier. Cohu plans to use the net proceeds, after accounting for transaction costs and taxes, to repay approximately $100 million of its term loan facility, enhancing its financial stability. The press release also includes forward-looking statements cautioning that actual results may differ due to various risks and uncertainties.
Cohu, a global leader in back-end semiconductor equipment and services, will participate in the 13th Annual CEO Summit on June 15, 2021. The event, conducted virtually, features small group meetings aimed at fostering investor relations. Presentation materials will be available on the company’s investor page at www.cohu.com. The CEO Summit is by invitation only, intended for accredited investors and research analysts. Interested attendees must RSVP by June 10, 2021.
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