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) 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.
Cohu, Inc. (NASDAQ: COHU) has revised its fiscal Q4 2020 revenue guidance, forecasting between $195 and $200 million, representing a 31% sequential increase. This upward revision is attributed to record orders, driven by RF tester share gains and heightened demand in the automotive sector. Additionally, Q1 2021 revenue is expected to be about 5% higher than Q4 guidance. The company has also reduced its term loan B debt by $20.9 million since the beginning of Q4. CEO Luis Müller expressed optimism about Cohu's growth prospects, backed by strong operational efficiencies.
Cohu, Inc. (NASDAQ: COHU), a leader in back-end semiconductor equipment, will hold a Virtual Analyst and Investor Conference on December 2, 2020, at 10:00 a.m. PT. The event will feature presentations by CEO Luis A. Müller and CFO Jeffrey D. Jones, along with insights from industry leaders and management. Lasting approximately 90 minutes, interested investors can access the event and presentation via the investor relations section of Cohu's website.
For more details, visit www.cohu.com.
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