Needham & Company Maintains a 'Hold' on Cohu (COHU); Meetings With Management
Tweet
Share
E-mailGet Alerts COHU Hot Sheet
Price: $59.30 +1.65%
Rating Summary:
11 Buy, 2 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
11 Buy, 2 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Join SI Premium – FREE
Needham & Company maintains a 'Hold' on Cohu (NASDAQ: COHU).
Analyst, Vernon Essi, Jr, said, "We hosted a series of investor meetings in the Midwest with the management of COHU. There are multiple internal efforts happening today that should poise COHU well for a resumption in capital equipment spending. These include changes in its manufacturing strategy, capitalizing on the success of the Rasco acquisition in 2008, a new line of gravity handlers that are being introduced, and the search for inorganic growth most likely found in turret-based technology handlers. The environment is also improving, as backend capacity utilizations have improved in recent months. We are biased towards a consolidating semi tape near-term and would like to see a reversal of orders at COHU before we are confident that a multi-quarter upswing has occurred."
For an analyst ratings summary and ratings history on Cohu click here. For more ratings news on Cohu click here.
Shares of Cohu closed at $11.59 yesterday.
Analyst, Vernon Essi, Jr, said, "We hosted a series of investor meetings in the Midwest with the management of COHU. There are multiple internal efforts happening today that should poise COHU well for a resumption in capital equipment spending. These include changes in its manufacturing strategy, capitalizing on the success of the Rasco acquisition in 2008, a new line of gravity handlers that are being introduced, and the search for inorganic growth most likely found in turret-based technology handlers. The environment is also improving, as backend capacity utilizations have improved in recent months. We are biased towards a consolidating semi tape near-term and would like to see a reversal of orders at COHU before we are confident that a multi-quarter upswing has occurred."
For an analyst ratings summary and ratings history on Cohu click here. For more ratings news on Cohu click here.
Shares of Cohu closed at $11.59 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Coherent (COHR) PT Raised to $420 at Needham
- Globant S.A. (GLOB) PT Lowered to $45 at Needham
- Needham Reiterates Hold Rating on CoreWeave (CRWV)
Create E-mail Alert Related Categories
Analyst CommentsRelated Entities
Needham & CompanySign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
