COHU Stock Analysis: Cohu | NASDAQ

Semiconductor Testers, Inspection Automation, Thermal Subsystems, Process Analytics

Total Rating 54

Safety 75

Buy Signal 0.29

Semiconductor Equipment & Materials
Industry Rotation: -33.2

Market Cap: 2.41B
Avg Turnover: 69.3M

Risk 3d forecast

Volatility92.2%

VaR 5^th Pctl16.8%

VaR vs Median10.5%

Reward TTM

Sharpe Ratio1.46

Rel. Str. IBD95.4

Rel. Str. Peer Group87.8 pctl

Character TTM

Beta2.993

Beta Downside2.119

Hurst Exponent0.534

Choppyness71.4%

Drawdowns 3y

Max DD63.36%

CAGR/Max DD0.33

CAGR/Mean DD0.80

EPS (Earnings per Share)

Last SUE: 0.79
Qual. Beats: 0

Revenue

Rev. CAGR: -2.66%
Rev. Trend: -15.2%

Last SUE: 1.38
Qual. Beats: 3

Warnings

Strong Share Dilution

Interest Coverage Ratio Critical

Tailwinds

Rs Leader

Idiosyncratic Leader

Confidence

Seasonality 11.7 years of data

Jan -0.9% 7

Feb -1.1% 29

Mar -1.1% 8

Apr -2.4% 27

May +2.6% 23

Jun +0.9% 10

Jul -0.3% 7

Aug -2.2% 21

Sep +0.5% 7

Oct -0.2% 0

Nov +4.4% 42

Dec +4.7% 15

How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.

Description: COHU Cohu

Cohu, Inc. (NASDAQ: COHU) supplies semiconductor test equipment and related services to manufacturers and test subcontractors worldwide, with primary operations in the United States, Taiwan, China, Malaysia, the Philippines, and Singapore. The company operates within the Semiconductor Materials & Equipment sub-industry, providing tools used in the back-end testing and inspection stages of chip production.

Its product portfolio includes test and inspection metrology automation systems, micro-electromechanical system (MEMS) test modules, test contactors, thermal subsystems, and data analytics software. Cohu also offers automated test equipment for wafer-level and device package testing, a range of test handlers (pick-and-place, turret, gravity, strip, film frame, and laser marker), interface products such as probe heads and pins, spare parts, warranties, and training and consulting services.

The company sells DI-Core, a data analytics software suite for real-time equipment performance monitoring and process control, along with artificial intelligence-based process control software. Products are marketed through a direct sales force and independent sales representatives. Cohu was incorporated in 1947, originally as Cohu Electronics, Inc., and adopted its current name in 1972. It is headquartered in San Diego, California.

Headlines to Watch Out For

Semiconductor test equipment demand rises with AI chip advanced packaging
Automotive test exposure grows on SiC and EV semiconductor adoption
China and Taiwan revenue concentration creates geopolitical tariff risk

Piotroski VR-10 (Strict) 2.5

Net Income: -22.6m TTM > 0 and > 6% of Revenue
FCF/TA: 0.01 > 0.02 and ΔFCF/TA 3.81 > 1.0
NWC/Revenue: 118.4% < 20% (prev 93.35%; Δ 25.06% < -1%)
CFO/TA 0.02 > 3% & CFO 31.7m > Net Income -22.6m
Net Debt (-145.1m) to EBITDA (41.8m): -3.47 < 3
Current Ratio: 5.16 > 1.5 & < 3
Outstanding Shares: last quarter (54.4m) vs 12m ago 16.30% < -2%
Gross Margin: 41.90% > 18% (prev 35.49%; Δ 6.41% > 0.5%)
Asset Turnover: 49.10% > 50% (prev 41.60%; Δ 7.50% > 0%)
Interest Coverage Ratio: 0.03 > 6 (EBIT TTM 178k / Interest Expense TTM 6.67m)

Altman Z'' 5.49

A: 0.52 (Total Current Assets 836.3m - Total Current Liabilities 162.2m) / Total Assets 1.30b
B: 0.13 (Retained Earnings 174.5m / Total Assets 1.30b)
C: 0.00 (EBIT TTM 178k / Avg Total Assets 1.16b)
D: 1.56 (Book Value of Equity 791.0m / Total Liabilities 506.7m)
Altman-Z'' = 5.49 = AAA

Beneish M -3.20

DSRI: 0.87 (Receivables 145.2m/123.9m, Revenue 569.3m/424.8m)
GMI: 0.85 (GM 35.49% / 41.90%)
AQI: 0.71 (AQ_t 0.28 / AQ_t-1 0.39)
SGI: 1.34 (Revenue 569.3m / 424.8m)
TATA: -0.04 (NI -22.6m - CFO 31.7m) / TA 1.30b)
Beneish M = -3.20 (Cap -4..+1) = AA

What is the price of COHU shares?

As of October 29, 2026, the stock is trading at USD 53.14 with a total of 1,507,777 shares traded. Over the past week, the price has changed by -3.89%, over one month by -19.57%, over three months by +25.12% and over the past year by +126.32%.

Current recommended Stop Loss: 46.10 (which is 13.2% or 1.7 ATR below the current price).

Is COHU a buy, sell or hold?

Cohu has received a consensus analysts rating of 4.88. Therefore, it is recommended to buy COHU.

StrongBuy: 7
Buy: 1
Hold: 0
Sell: 0
StrongSell: 0

What are the forecasts/targets for the COHU price?

Analysts Target Price	70.9	33.4%

Cohu (COHU) - Fundamental Data Overview as of 29 October 2026

Market Cap USD = 2.41b (2.41b USD * 1.0 USD.USD)
P/E Forward = 25.5102
P/S = 4.6179
P/B = 2.9854
P/EG = 1.1542
Revenue TTM = 569.3m USD
EBIT TTM = 178k USD
EBITDA TTM = 41.8m USD
Long Term Debt = 285.0m USD (from longTermDebt, last fiscal year)
Short Term Debt = 16.8m USD (from shortTermDebt, last quarter)
Debt = 362.8m USD (from shortLongTermDebtTotal, last quarter) + Leases 30.7m
Net Debt = -145.1m USD (calculated: Debt 362.8m - CCE 507.9m)
Enterprise Value = 2.27b USD (2.41b + Debt 362.8m - CCE 507.9m)
Interest Coverage Ratio = 0.03 (Ebit TTM 178k / Interest Expense TTM 6.67m)
EV/FCF = 211.3x (Enterprise Value 2.27b / FCF TTM 10.7m)
FCF Yield = 0.47% (FCF TTM 10.7m / Enterprise Value 2.27b)
FCF Margin = 1.89% (FCF TTM 10.7m / Revenue TTM 569.3m)
Net Margin = -3.97% (Net Income TTM -22.6m / Revenue TTM 569.3m)
Gross Margin = 41.90% ((Revenue TTM 569.3m - Cost of Revenue TTM 330.7m) / Revenue TTM)
Gross Margin QoQ = 45.51% (prev 45.36%)
Tobins Q-Ratio = 1.75 (Enterprise Value 2.27b / Total Assets 1.30b)
Interest Expense / Debt = 1.84% (Interest Expense 6.67m / Debt 362.8m)
Taxrate = 15.32% (2.19m / 14.3m)
NOPAT = 151k (EBIT 178k * (1 - 15.32%))
Current Ratio = 5.16 (Total Current Assets 836.3m / Total Current Liabilities 162.2m)
Debt / Equity = 0.46 (Debt 362.8m / totalStockholderEquity, last quarter 791.0m)
Debt / EBITDA = -3.47 (Net Debt -145.1m / EBITDA 41.8m)
Debt / FCF = -13.52 (Net Debt -145.1m / FCF TTM 10.7m)
Total Stockholder Equity = 780.0m (last 4 quarters mean from totalStockholderEquity)
RoA = -1.95% (Net Income -22.6m / Total Assets 1.30b)
RoE = -2.90% (Net Income TTM -22.6m / Total Stockholder Equity 780.0m)
RoCE = 0.02% (EBIT 178k / Capital Employed (Equity 780.0m + L.T.Debt 285.0m))
RoIC = 0.01% (NOPAT 151k / Invested Capital 1.12b)
WACC = 13.83% (E(2.41b)/V(2.78b) * Re(15.68%) + D(362.8m)/V(2.78b) * Rd(1.84%) * (1-Tc(0.15)))
Discount Rate = 15.68% (= CAPM, Blume Beta Adj.) -> capped to 12.54%
Shares (quarterly) Correlation: 55.07 | Cagr: 6.72%
[DCF] Terminal Value 58.74% ; FCFF base≈10.7m ; Y1≈10.8m ; Y5≈11.4m
[DCF] Fair Price = 5.01 (EV 92.0m - Net Debt -145.1m = Equity 237.1m / Shares 47.3m; r=13.83% [WACC]; 5y FCF grow 0.0% → 2.50% )
EPS Correlation: N/A | EPS CAGR: N/A | SUE: 0.79 | # QB: 0
Revenue Correlation: -15.22 | Revenue CAGR: -2.66% | SUE: 1.38 | # QB: 3
EPS current Quarter (2026-09-30): EPS=0.34 | Chg30d=-2.13% | Revisions=+40% | Analysts=8
EPS current Year (2026-12-31): EPS=0.93 | Chg30d=-1.71% | Revisions=+40% | GrowthEPS=+524.4% | GrowthRev=+35.2%
EPS next Year (2027-12-31): EPS=1.81 | Chg30d=-2.03% | Revisions=+0% | GrowthEPS=+93.7% | GrowthRev=+25.7%
[Analyst] Revisions Ratio: +44% (up=5, down=1)