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In a challenging market environment, Cohu , Inc. (NASDAQ: NASDAQ:COHU), a leading supplier of semiconductor test and inspection handlers, marked a new 52-week low, with its stock price dipping to $17.49. According to InvestingPro data, technical indicators suggest the stock is in oversold territory, with a current market capitalization of $824 million. This latest price level reflects a significant retreat from better-performing times, as the company’s shares have experienced a substantial 1-year change, plummeting by -45.13%. Despite the decline, analysts maintain optimistic price targets ranging from $26 to $35, suggesting potential upside. Investors are closely monitoring Cohu’s performance, considering the broader semiconductor industry’s cyclical nature and the impact of global economic pressures on tech stocks. The 52-week low serves as a critical indicator for shareholders and potential investors, gauging the company’s market position and future prospects amidst a period of heightened volatility and uncertainty in the technology sector. For deeper insights into Cohu’s valuation and growth prospects, access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Cohu Inc. reported its fourth-quarter 2024 earnings with an EPS of -$0.15, falling short of the forecasted -$0.09. The company’s revenue for the quarter reached $94.1 million, slightly below the anticipated $95.11 million. Despite the earnings miss, Cohu’s stock saw a rise in after-hours trading, reflecting investor optimism regarding the company’s strategic initiatives and future growth prospects. The company is expanding into new semiconductor markets, including memory and silicon carbide power semiconductors, which are expected to drive future growth.
Additionally, Cohu has acquired Tignis, an AI process control software provider, to enhance its technology portfolio. Analysts at Craig-Hallum have adjusted their price target for Cohu to $26.00 from $30.00, maintaining a Buy rating, following weaker-than-expected guidance for Q1 due to a significant customer delaying orders. Cohu’s Q1 2025 revenue is projected to be around $97 million, with a gross margin forecast of 44%. The company anticipates significant growth in its software segment, with over 50% annual revenue growth projected over the next three years. Despite challenges, Cohu’s strong net cash position and strategic expansions are seen as positive factors by analysts.
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