COHU Chart
About

Cohu, Inc., through its subsidiaries, provides semiconductor test equipment and services in the United States, Taiwan, China, Malaysia, the Philippines, Singapore, and internationally. It supplies test and inspection metrology automation systems, micro-electromechanical system test modules, test contactors, thermal subsystems, and data analytics software for semiconductor manufacturers and test subcontractors. The company also provides semiconductor automated test equipment for wafer level and device package testing; various test handlers, including pick-and-place, turret, gravity, strip, film frame, laser marker, and thermal sub-systems; interface products comprising test contactors, and probe heads and pins; spares and kits; various parts and labor warranties on test and handling systems, and instruments; and training on the maintenance and operation of its systems, as well as application, data management software, and consulting services on its products. In addition, it offers data analytics product that includes DI-Core, a software suite used to optimize Cohu equipment performance, which provides real-time online performance monitoring and process control. Further, the company provides artificial intelligence process control and analytics-based monitoring software. It 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 incorporated in 1947 and is headquartered in San Diego, California.

Fundamentals
Scroll to Statements
Sector Technology Industry Semiconductor Equipment Market Cap 1.31B
Enterprise Value 1.16B Income -74.27M Sales 452.96M
Book/sh 16.77 Cash/sh 10.32 Dividend Yield —
Payout 0.00% Employees 2777 IPO —
P/E — Forward P/E 22.90 PEG —
P/S 2.90 P/B 1.67 P/C —
EV/EBITDA -113.25 EV/Sales 2.56 Quick Ratio 5.47
Current Ratio 6.88 Debt/Eq 42.12 LT Debt/Eq —
EPS (ttm) -1.59 EPS next Y 1.22 EPS Growth —
Revenue Growth 29.90% Earnings 2026-04-30 ROA -3.40%
ROE -9.04% ROIC — Gross Margin 42.75%
Oper. Margin -11.20% Profit Margin -16.40% Shs Outstand 46.89M
Shs Float 45.66M Short Float 13.11% Short Ratio 5.01
Short Interest — 52W High 34.96 52W Low 12.57
Beta 1.29 Avg Volume 765.99K Volume 615.81K
Target Price $31.80 Recom None Prev Close $27.66
Price $28.00 Change 1.23%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$31.80
Mean price target
2. Current target
$28.00
Latest analyst target
3. DCF / Fair value
$18.46
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$28.00
Low
$26.00
High
$35.00
Mean
$31.80

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-13 main TD Cowen Buy → Buy $35
2026-02-13 main B. Riley Securities Buy → Buy $33
2026-02-13 main Needham Buy → Buy $33
2026-01-26 main B. Riley Securities Buy → Buy $35
2026-01-14 main Stifel Buy → Buy $32
2026-01-06 up Needham Hold → Buy $30
2025-10-30 main TD Cowen Buy → Buy $30
2025-05-02 main Stifel Buy → Buy $28
2025-05-02 reit Needham Hold → Hold —
2025-02-25 reit Needham Hold → Hold —
2025-02-14 main B. Riley Securities Buy → Buy $30
2025-02-14 main Stifel Buy → Buy $35
2025-02-14 reit Needham Hold → Hold —
2024-11-01 main TD Cowen Buy → Buy $30
2024-11-01 main Goldman Sachs Sell → Sell $23
2024-11-01 up Craig-Hallum Hold → Buy $30
2024-11-01 main Needham Buy → Buy $30
2024-08-01 main Needham Buy → Buy $33
2024-07-15 down Citigroup Buy → Neutral $36
2024-05-06 main Citigroup Buy → Buy $36
Insider Transactions
Date Shares Value Url Text Insider Position Transaction Start Date Ownership
0 1000 30230 — Sale at price 30.23 per share. BOHRSON CHRISTOPHER G Officer — 2026-02-20 00:00:00 D
1 11105 347142 — Sale at price 31.26 per share. BILODEAU STEVEN J Director — 2026-02-20 00:00:00 D
2 10257 — — Stock Award(Grant) at price 0.00 per share. RICHARDSON NINA LOUISE Director — 2025-05-16 00:00:00 D
3 10257 — — Stock Award(Grant) at price 0.00 per share. MATTES ANDREAS W. Director — 2025-05-16 00:00:00 D
4 10257 — — Stock Award(Grant) at price 0.00 per share. DONAHUE JAMES A Director — 2025-05-16 00:00:00 D
5 10257 — — Stock Award(Grant) at price 0.00 per share. BILODEAU STEVEN J Director — 2025-05-16 00:00:00 D
6 6800 121108 — Sale at price 17.69 - 17.93 per share. BENDUSH WILLIAM E Director — 2025-05-13 00:00:00 I
7 200 3504 — Sale at price 17.52 per share. BOHRSON CHRISTOPHER G Officer — 2025-05-12 00:00:00 D
8 1017 — — Stock Award(Grant) at price 0.00 per share. CAGGIA ANDREW M Director — 2025-03-28 00:00:00 D
9 200 3376 — Sale at price 16.88 per share. BOHRSON CHRISTOPHER G Officer — 2025-03-10 00:00:00 D
Financials
Line Item2025-12-312024-12-312023-12-312022-12-31
TaxEffectOfUnusualItems-1.84M-562.17K-3.09M169.24K
TaxRateForCalcs0.210.210.390.24
NormalizedEBITDA-901.00K-9.16M106.94M176.19M
TotalUnusualItems-8.77M-2.68M-8.00M718.00K
TotalUnusualItemsExcludingGoodwill-8.77M-2.68M-8.00M718.00K
NetIncomeFromContinuingOperationNetMinorityInterest-74.27M-69.82M28.16M96.85M
ReconciledDepreciation50.69M52.49M49.74M46.02M
ReconciledCostOfRevenue246.12M208.09M320.06M416.62M
EBITDA-9.67M-11.84M98.94M176.91M
EBIT-60.35M-64.33M49.20M130.89M
NetInterestIncome5.99M9.36M8.12M-165.00K
InterestExpense2.05M618.00K3.38M4.18M
InterestIncome8.04M9.98M11.50M4.01M
NormalizedIncome-67.35M-67.70M33.07M96.30M
NetIncomeFromContinuingAndDiscontinuedOperation-74.27M-69.82M28.16M96.85M
TotalExpenses512.58M473.41M590.63M686.61M
TotalOperatingIncomeAsReported-69.77M-71.67M43.27M125.56M
DilutedAverageShares46.72M46.91M48.02M48.80M
BasicAverageShares46.72M46.91M47.49M48.18M
DilutedEPS-1.59-1.490.591.98
BasicEPS-1.59-1.490.592.01
DilutedNIAvailtoComStockholders-74.27M-69.82M28.16M96.85M
NetIncomeCommonStockholders-74.27M-69.82M28.16M96.85M
NetIncome-74.27M-69.82M28.16M96.85M
MinorityInterests0.00
NetIncomeIncludingNoncontrollingInterests-74.27M-69.82M28.16M96.85M
NetIncomeDiscontinuousOperations0.000.00
NetIncomeContinuousOperations-74.27M-69.82M28.16M96.85M
TaxProvision11.87M4.87M17.66M29.87M
PretaxIncome-62.41M-64.95M45.82M126.72M
OtherIncomeExpense-8.77M-2.68M-8.00M718.00K
SpecialIncomeCharges-7.98M-282.00K-2.79M-917.00K
GainOnSaleOfPPE0.000.00
GainOnSaleOfBusiness0.000.0070.81M
OtherSpecialCharges241.00K369.00K312.00K3.41M
ImpairmentOfCapitalAssets0.000.00100.00K
RestructuringAndMergernAcquisition7.98M41.00K2.42M605.00K
GainOnSaleOfSecurity-783.00K-2.40M-5.21M1.64M
NetNonOperatingInterestIncomeExpense5.99M9.36M8.12M-165.00K
InterestExpenseNonOperating2.05M618.00K3.38M4.18M
InterestIncomeNonOperating8.04M9.98M11.50M4.01M
OperatingIncome-59.63M-71.63M45.69M126.16M
OperatingExpense253.25M251.92M257.18M257.16M
DepreciationAmortizationDepletionIncomeStatement37.47M39.09M36.35M33.19M
DepreciationAndAmortizationInIncomeStatement37.47M39.09M36.35M33.19M
Amortization37.47M39.09M36.35M33.19M
AmortizationOfIntangiblesIncomeStatement37.47M39.09M36.35M33.19M
ResearchAndDevelopment92.21M84.80M88.57M92.59M
SellingGeneralAndAdministration123.57M128.04M132.25M131.39M
GrossProfit193.62M180.29M302.87M383.33M
CostOfRevenue259.34M221.49M333.45M429.45M
TotalRevenue452.96M401.78M636.32M812.77M
OperatingRevenue452.96M401.78M636.32M812.77M
Line Item2025-12-312024-12-312023-12-312022-12-31
TreasurySharesNumber3.03M2.89M2.25M1.77M
OrdinarySharesNumber46.84M46.71M47.18M49.28M
ShareIssued49.88M49.60M49.43M51.04M
NetDebt69.02M
TotalDebt327.77M18.69M53.80M98.18M
TangibleBookValue423.24M511.54M556.74M575.20M
InvestedCapital1.08B865.69M990.80M1.01B
WorkingCapital640.91M449.12M535.40M603.98M
NetTangibleAssets423.24M511.54M556.74M575.20M
CapitalLeaseObligations31.69M9.89M13.18M19.21M
CommonStockEquity785.54M856.89M950.17M928.84M
TotalCapitalization1.07B863.94M984.47M1.00B
TotalEquityGrossMinorityInterest785.54M856.89M950.17M928.84M
StockholdersEquity785.54M856.89M950.17M928.84M
GainsLossesNotAffectingRetainedEarnings-32.47M-51.16M-34.78M-40.01M
OtherEquityAdjustments-32.47M-51.16M-34.78M-40.01M
TreasuryStock87.84M87.78M69.18M58.04M
RetainedEarnings174.47M248.74M318.56M290.40M
AdditionalPaidInCapital681.51M697.49M686.15M687.22M
CapitalStock49.88M49.60M49.43M49.28M
CommonStock49.88M49.60M49.43M49.28M
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest457.44M142.52M200.18M298.57M
TotalNonCurrentLiabilitiesNetMinorityInterest348.37M57.34M96.76M137.70M
EmployeeBenefits5.47M8.48M10.80M10.36M
NonCurrentPensionAndOtherPostretirementBenefitPlans5.47M8.48M10.80M10.36M
NonCurrentAccruedExpenses6.73M6.82M8.26M7.62M
TradeandOtherPayablesNonCurrent3.98M5.69M7.07M6.49M
NonCurrentDeferredLiabilities15.47M19.40M23.15M21.36M
NonCurrentDeferredTaxesLiabilities15.47M19.40M23.15M21.36M
LongTermDebtAndCapitalLeaseObligation316.72M16.95M47.48M91.87M
LongTermCapitalLeaseObligation31.69M9.89M13.18M19.21M
LongTermDebt285.03M7.05M34.30M72.66M
CurrentLiabilities109.08M85.18M103.42M160.87M
CurrentDeferredLiabilities11.43M6.35M8.33M14.91M
CurrentDeferredRevenue11.43M6.35M8.33M14.91M
CurrentDebtAndCapitalLeaseObligation11.05M1.75M6.32M6.31M
CurrentDebt11.05M1.75M6.32M6.31M
OtherCurrentBorrowings1.24M1.11M4.55M4.40M
LineOfCredit9.81M633.00K1.77M1.91M
PensionandOtherPostRetirementBenefitPlansCurrent22.46M20.02M31.90M38.35M
PayablesAndAccruedExpenses64.14M57.06M56.87M101.31M
CurrentAccruedExpenses20.64M24.11M19.24M22.89M
Payables43.50M32.95M37.62M78.41M
TotalTaxPayable2.79M2.39M4.02M26.65M
IncomeTaxPayable2.79M2.39M4.02M26.65M
AccountsPayable40.71M30.55M33.60M51.76M
TotalAssets1.24B999.41M1.15B1.23B
TotalNonCurrentAssets492.99M465.11M511.53M462.56M
OtherNonCurrentAssets24.43M31.06M32.24M21.11M
GoodwillAndOtherIntangibleAssets362.30M345.36M393.43M353.64M
OtherIntangibleAssets79.27M110.72M151.77M140.10M
Goodwill283.03M234.64M241.66M213.54M
NetPPE106.26M88.69M85.86M87.81M
AccumulatedDepreciation-88.12M-84.66M-86.72M-78.33M
GrossPPE194.38M173.35M172.59M166.14M
OtherProperties29.27M13.91M16.78M22.80M
MachineryFurnitureEquipment103.27M104.77M108.83M105.11M
BuildingsAndImprovements49.47M47.73M39.68M31.16M
LandAndImprovements12.36M6.94M7.30M7.07M
Properties0.000.000.000.00
CurrentAssets749.99M534.31M638.82M764.85M
OtherCurrentAssets3.89M19.44M5.01M8.97M
PrepaidAssets24.36M19.29M17.70M24.02M
Inventory129.01M141.86M155.79M170.14M
FinishedGoods20.82M21.06M25.86M28.08M
WorkInProcess23.39M25.83M26.82M36.02M
RawMaterials84.80M94.97M103.12M106.04M
Receivables108.75M91.62M124.62M176.15M
AccountsReceivable108.75M91.62M124.62M176.15M
CashCashEquivalentsAndShortTermInvestments483.98M262.09M335.70M385.58M
OtherShortTermInvestments256.93M55.69M90.17M143.24M
CashAndCashEquivalents227.05M206.41M245.52M242.34M
Line Item2025-12-312024-12-312023-12-312022-12-31
FreeCashFlow10.73M-7.86M85.42M98.09M
RepurchaseOfCapitalStock-8.59M-26.99M-23.64M-50.72M
RepaymentOfDebt-1.74M-31.35M-38.84M-38.39M
IssuanceOfDebt296.30M0.000.000.00
IssuanceOfCapitalStock0.000.00223.12M
CapitalExpenditure-20.96M-10.63M-16.05M-14.77M
InterestPaidSupplementalData536.00K803.00K3.42M3.44M
IncomeTaxPaidSupplementalData24.93M44.28M23.12M22.72M
EndCashPosition227.05M206.41M245.52M242.34M
BeginningCashPosition206.41M245.52M242.34M290.20M
EffectOfExchangeRateChanges-355.00K-4.78M60.00K-1.78M
ChangesInCash21.00M-34.34M3.12M-46.08M
FinancingCashFlow246.33M-59.03M-68.14M-91.07M
CashFlowFromContinuingFinancingActivities246.33M-59.03M-68.14M-91.07M
NetOtherFinancingCharges-40.83M
ProceedsFromStockOptionExercised1.19M-701.00K-5.66M-1.96M
CashDividendsPaid0.000.00
CommonStockDividendPaid0.000.00
NetCommonStockIssuance-8.59M-26.99M-23.64M-50.72M
CommonStockPayments-8.59M-26.99M-23.64M-50.72M
CommonStockIssuance0.000.00223.12M
NetIssuancePaymentsOfDebt294.56M-31.35M-38.84M-38.39M
NetShortTermDebtIssuance0.000.001.38M
ShortTermDebtIssuance0.000.001.38M
NetLongTermDebtIssuance294.56M-31.35M-38.84M-38.39M
LongTermDebtPayments-1.74M-31.35M-38.84M-38.39M
LongTermDebtIssuance296.30M0.000.00
InvestingCashFlow-257.02M21.92M-30.21M-67.87M
CashFlowFromContinuingInvestingActivities-257.02M21.92M-30.21M-67.87M
NetInvestmentPurchaseAndSale-201.80M32.44M55.36M-53.45M
SaleOfInvestment63.76M114.23M152.65M155.41M
PurchaseOfInvestment-265.56M-81.78M-97.29M-208.86M
NetBusinessPurchaseAndSale-34.76M0.00-69.73M0.00
SaleOfBusiness0.000.00120.89M
PurchaseOfBusiness-34.76M0.00-69.73M0.00
NetPPEPurchaseAndSale-20.45M-10.53M-15.84M-14.42M
SaleOfPPE504.00K107.00K216.00K349.00K
PurchaseOfPPE-20.96M-10.63M-16.05M-14.77M
OperatingCashFlow31.69M2.78M101.47M112.86M
CashFlowFromContinuingOperatingActivities31.69M2.78M101.47M112.86M
ChangeInWorkingCapital22.16M-3.88M10.41M-48.94M
ChangeInOtherWorkingCapital12.11M-17.26M-21.65M-9.21M
ChangeInOtherCurrentLiabilities-6.86M-5.90M-7.45M-5.26M
ChangeInOtherCurrentAssets15.35M-16.15M10.92M-16.20M
ChangeInPayablesAndAccruedExpense11.75M-5.79M-46.14M-12.22M
ChangeInPayable11.75M-5.79M-46.14M-12.22M
ChangeInAccountPayable10.30M-3.56M-21.36M-33.13M
ChangeInTaxPayable1.45M-2.23M-24.78M20.91M
ChangeInIncomeTaxPayable1.45M-2.23M-24.78M20.91M
ChangeInInventory4.28M6.37M12.84M-18.51M
ChangeInReceivables-14.47M34.85M61.90M12.45M
ChangesInAccountReceivables-14.47M34.85M61.90M12.45M
OtherNonCashItems17.17M8.49M2.23M9.87M
StockBasedCompensation23.04M20.74M17.24M14.92M
AssetImpairmentCharge0.00903.00K0.000.00
AmortizationOfSecurities-1.46M-1.25M-1.36M-859.00K
DeferredTax-1.80M-3.72M-4.77M-3.50M
DeferredIncomeTax-1.80M-3.72M-4.77M-3.50M
DepreciationAmortizationDepletion50.69M52.49M49.74M46.02M
DepreciationAndAmortization50.69M52.49M49.74M46.02M
Depreciation50.69M52.49M49.74M46.02M
OperatingGainsLosses-3.83M-1.17M-175.00K-1.48M
PensionAndEmployeeBenefitExpense-3.98M-1.59M-540.00K-1.59M
GainLossOnSaleOfPPE141.00K176.00K-4.00K-203.00K
GainLossOnSaleOfBusiness0.000.00-70.81M
NetIncomeFromContinuingOperations-74.27M-69.82M28.16M96.85M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

Public Trades for COHU
Date User Asset Broker Type Position Size Entry Price Patterns