Cohu, Inc. (NASDAQ: COHU) Downgraded to a “Neutral” Rating
December 22nd, 2010
Equities research analysts at Zacks Investment Research downgraded shares of Cohu, Inc. (NASDAQ: COHU) from an “outperform” rating to a “neutral” rating in a research note to clients and investors on Monday.
Cohu, Inc. develops, manufactures and sells pick-and-place semiconductor test handlers, burn-in related equipment and thermal sub-systems to semiconductor manufacturers and semiconductor test subcontractors worldwide. The Company has three segments: semiconductor equipment, television cameras and microwave communications. The semiconductor equipment segment develops, manufactures and sells semiconductor test handling, burn-in related equipment and thermal sub-systems. The television camera segment (Electronics Division) designs, manufactures and sells closed circuit television cameras and systems to original equipment manufacturers, contractors, and government agencies. The Company’s microwave communications segment, through Broadcast Microwave Services, Inc. (BMS), designs, manufactures, and sells microwave communications equipment to television broadcasters, equipment manufacturers, and government agencies. On December 9, 2008, the Company acquired Rasco GmbH.
Shares of Cohu, Inc. (NASDAQ: COHU) opened at 16.15 on Wednesday. Cohu, Inc. has a 52 week low of $11.16 and a 52 week high of $17.11. The stock’s 50-day moving average is $15.01 and its 200-day moving average is $13.54. On average, analysts predict that Cohu, Inc. will post $0.35 EPS next quarter. The company has a market cap of $385.5 million and a price-to-earnings ratio of 24.14.
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