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.
About Cohu Inc.
Cohu Inc. (NASDAQ: COHU) is a globally recognized leader in the semiconductor test and inspection equipment industry, headquartered in Poway, California, within San Diego County. The company plays a pivotal role in enabling the production and quality assurance of semiconductors, which are foundational to modern technology. Cohu serves a diverse range of industries, including automotive, computing, mobility, Internet of Things (IoT), communications, high-speed memory, industrial, and solid-state lighting, making it an integral part of the global technology supply chain.
Comprehensive Product Portfolio
One of Cohu’s defining strengths is its extensive portfolio of enabling technologies, designed to address some of the most complex challenges in semiconductor testing. These technologies can be seamlessly integrated into its handler platforms, offering customers unparalleled flexibility and efficiency. Cohu’s product offerings are broadly categorized into:
- Digital Test Handlers: This category includes pick-and-place semiconductor test handlers, burn-in-related equipment, and advanced thermal subsystems, catering to high-precision testing requirements.
- Analog Test Handlers: These include gravity feed handlers, test-in-strip handlers, and MEMS test units, designed for analog and mixed-signal semiconductor components.
- Turret-Based Test Handling: Specialized handling and back-end finishing solutions for integrated circuits (ICs), light-emitting diodes (LEDs), and discrete components.
The company’s ability to integrate these technologies across its platforms optimizes testing processes and ensures reliability, precision, and scalability for its customers.
Industry Significance and Market Position
Operating in a highly specialized and competitive industry, Cohu is distinguished by its focus on innovation, customization, and customer-centric solutions. The semiconductor industry is cyclical, with demand influenced by technological advancements and macroeconomic factors. Cohu’s strategic focus on diverse end markets, such as automotive and IoT, helps mitigate these cyclical challenges by tapping into high-growth sectors. Its customers, often global leaders in semiconductor manufacturing, rely on Cohu’s solutions to maintain stringent quality standards and achieve operational efficiency.
Competitive Landscape
Cohu faces competition from other semiconductor equipment providers but differentiates itself through its broad range of technologies and its ability to address both digital and analog testing needs. Its expertise in thermal management, MEMS testing, and back-end finishing further enhances its competitive edge. The company’s commitment to innovation and its deep understanding of customer requirements position it as a trusted partner in the semiconductor ecosystem.
Commitment to Innovation
Cohu’s emphasis on research and development enables it to stay ahead in a rapidly evolving industry. By continuously enhancing its product capabilities and expanding its technological offerings, the company ensures that it remains at the forefront of semiconductor testing and inspection solutions. This commitment to innovation not only strengthens its market position but also supports its customers in meeting the demands of emerging technologies.
Conclusion
In summary, Cohu Inc. is a cornerstone of the semiconductor industry, providing essential test and inspection equipment that ensures the reliability and performance of semiconductors. With a diverse product portfolio, a focus on innovation, and a customer-centric approach, Cohu is well-positioned to address the evolving needs of its customers across multiple high-growth industries. Its role in enabling cutting-edge technologies underscores its importance in the global technology landscape.
Cohu, Inc. (NASDAQ: COHU) announced that underwriters fully exercised their option to purchase an additional 742,500 shares at $41.00 each, raising total gross proceeds from the offering to approximately $233 million. The closing is expected on March 12, 2021. Citigroup, Goldman Sachs & Co. LLC, and Stifel managed the offering, with B. Riley Securities and others as co-managers. The shares are offered under an effective shelf registration statement. The company highlights potential risks in forward-looking statements regarding market conditions and completion timing.
Cohu, Inc. (NASDAQ: COHU) has priced an underwritten public offering of 4,950,000 shares of common stock at $41.00 per share, raising approximately $203 million. The offering was increased from an initial 4,500,000 shares. The funds will be used to repay term loan facilities and support future growth initiatives. The offering is expected to close on March 8, 2021, pending customary closing conditions. Citigroup, Goldman Sachs & Co. LLC, and Stifel are joint book-running managers for the offering.
Cohu, Inc. (NASDAQ: COHU) has initiated a public offering of 4,500,000 shares of its common stock. The offering is fully underwritten, with a potential additional 675,000 shares available to underwriters. Proceeds will be utilized to repay term loan principal and support general corporate purposes, including future growth initiatives. The offering is subject to market conditions, and there is no guarantee of its completion. Citigroup, Goldman Sachs & Co. LLC, and Stifel are the joint book-running managers for the offering.
Cohu, Inc. (NASDAQ: COHU) has achieved a significant milestone by shipping its 4000th handler from its Melaka, Malaysia facility. The MATRiX thermal pick-and-place handler was delivered to Infineon for testing automotive and industrial devices. Infineon praised Cohu for its effective solutions that maximize yield under strict quality standards. Cohu holds the largest installed base of automotive thermal handlers, offering advanced temperature control from -55°C to +175°C, meeting evolving Industry 4.0 requirements. This achievement underscores Cohu's long-term partnership with Infineon in improving productivity and performance.
Cohu, Inc. reported fiscal 2020 fourth quarter net sales of $202.4 million and a GAAP income of $14.9 million or $0.34 per share. For the full year, net sales were $636.0 million, reflecting a GAAP loss of $13.8 million or $0.33 per share. Non-GAAP results showed fourth quarter income of $31.8 million or $0.73 per share, with full year non-GAAP income at $50.7 million or $1.19 per share. Total cash and investments at year-end were $170.0 million. Cohu anticipates first quarter 2021 sales between $212 million and $232 million.
Cohu, Inc. (NASDAQ: COHU) will announce its financial results for Q4 and the fiscal year 2020 on February 11, 2021, at 5:00 a.m. PT. A conference call will follow at 5:30 a.m. PT for a detailed discussion. Investors can access the call via phone or webcast, with replays available until February 18, 2021. Cohu is recognized as a global leader in back-end semiconductor equipment, providing advanced solutions for semiconductor and PCB manufacturing. For more information, visit www.cohu.com.
Cohu, Inc. (NASDAQ: COHU) has unveiled its new cRacer RF interface platform, designed for testing next-generation mmWave devices. The platform aims to meet the growing demand in the mobility contactor market, projected to reach $275 million by 2023. The cRacer allows testing beyond 54 GHz without sacrificing probe integrity, working alongside Cohu's PAx tester and RedDragon RF module for enhanced signal performance. Initial orders have been secured from a leading Taiwanese foundry and an OSAT, indicating robust demand for this technology.
Cohu, a global leader in back-end semiconductor equipment and services, will participate in the 23rd Annual Needham Virtual Growth Conference on January 12-13, 2021. Management is set to present on January 12 at 2:00 p.m. EST. The event will allow for one-on-one meetings with portfolio managers and analysts, who are advised to contact their banking representatives for scheduling.
Presentation materials and a webcast will be available on the Investor Relations section of Cohu's website, www.cohu.com.
Cohu, Inc. (NASDAQ: COHU), a leader in semiconductor equipment, will participate in the 12th Annual Virtual CEO Summit on December 16, 2020. The summit, designed for accredited investors and research analysts, will feature a round-robin format with small group discussions. Registration is limited, and interested parties must RSVP by December 10, 2020. Presentation materials will be available on Cohu's investor webpage. This event highlights Cohu's commitment to transparency and investor engagement.
Cohu, Inc. (NASDAQ: COHU), a leader in semiconductor equipment, will participate in the D.A. Davidson Semicap, Laser & Optical Conference on December 15, 2020. The event will be held virtually and will include one-on-one meetings. Presentation materials will be available on Cohu's Investor Relations website. Portfolio managers and analysts are encouraged to schedule meetings with their banking representatives for this conference.
For more information about Cohu, visit www.cohu.com.
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