Needham & Company Maintains a 'Hold' on Cohu (COHU); Meetings With Management
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Price: $54.37 +0.48%
Rating Summary:
11 Buy, 2 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
Rating Summary:
11 Buy, 2 Hold, 1 Sell
Rating Trend:
Up
Today's Overall Ratings:
Up: 8 | Down: 6 | New: 26
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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.
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