Cohu Stock Shares Pop On Better Than Expected Preliminar
Warrior Trading | Jul 12, 2017 09:03AM ET
Cohu Inc
Cohu Inc (NASDAQ:COHU), a global semiconductor company yesterday reported their preliminary second quarter 2017 financial results. Cohu reported second quarter revenues of $93 million which beat analyst expectations of $86.2 million.
h3 Cohu, Inc. CEO’s Comments/h3Luis Müller, President and Chief Executive Officer of Cohu, commented, “Our stronger than expected revenue in the second quarter was driven by continued momentum in the automotive and mobility markets, further highlighted by record orders in the quarter. These results reflect early acceptance of new products with existing customers as well as an increase in recurring revenue due to higher utilization across the installed base and particularly from computing applications. Our business continues to benefit from the growing trends of increased semiconductor content in automotive as well as greater device complexity in mobile handsets and IoT products, all of which drive the need for more advanced test handling equipment with extensive thermal and vision inspection capabilities. We look forward to discussing our complete financial results on our conference call in late July and also showcasing our newest products at our upcoming Corporate Access Day.”
Business Wire
h3 COHU Technical Analysis/h3COHU opened trading yesterday at $16.40 which was up from the previous day’s trading close of $16.32. COHU closed trading yesterday at $16.71 and spiked up after market to $18.18, equivalent to a 9% increase from the closing price. Taking a look at the daily chart we can see the last time COHU traded below these levels we have to go back to June 13th when it traded at $18.25.
Taking a closer look at the daily chart we can see that before the spike up COHU had been in an overall downward trend dating back to April 27th when it traded at $21.27. COHU has a float of 26.29 million shares and traded 1.11 times the normal daily trading volume on Tuesday.
For limit order . My stop loss would be $0.20 from my entry position fearing anything more than that and the stock would start to fill in the gap up.
h3 Company Profile/h3Cohu, Inc., through its subsidiaries, engages in the development, manufacture, sale, and servicing of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, and thermal sub-systems for semiconductor manufacturers and test subcontractors worldwide.
Get The News You Want
It offers pick-and-place handlers; thermal handler for microprocessors, graphics processors, and other integrated circuits; pick-and-place platform for fabless and outsourced semiconductor assembly and test customers, as well as for integrated device manufacturers; a platform for assembly automation; gravity-feed and test-in-strip handlers; and turret handler for testing and inspection of integrated circuits, LEDs, and discrete devices.
The company also provides MEMS test modules that generate physical stimuli for testing of sensor integrated circuits; thermal sub-systems that offer temperature control of the integrated circuit during the testing process; contactor solutions; spares; and a range of device dedication kits that enable handlers to process various semiconductor packages.
Cohu, Inc. markets its products through direct sales force and independent sales representatives. The company was formerly known as Cohu Electronics, Inc. and changed its name to Cohu, Inc. in 1972. Cohu, Inc. was founded in 1947 and is headquartered in Poway, California.
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.