Revenue Update on Cohu(NASDAQ:COHU)

Cohu(NASDAQ:COHU) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Jul 28, 2016. Company reported revenue of $76.35M. Analysts estimated a revenue of $73.93M. Earnings per share were $0.22. Analysts had estimated an EPS of $0.21.

Cohu (COHU) shares turned negative on Thursdays trading session with the shares closing down -0.1 points or -0.96% at a volume of 60,928. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $10.665. The peak price level was also seen at $10.665 while the days lowest was $10.23. Finally the shares closed at $10.31. The 52-week high of the shares is $13.43 while the 52-week low is $9.14. According to the latest information available, the market cap of the company is $275 M.

Several Insider Transactions has been reported to the SEC. On May 6, 2015, Harold Harrigian (director) sold 5,000 shares at $11.25 per share price.

Cohu Inc. (Cohu) is a supplier of semiconductor test and inspection handlers micro-electro mechanical system (MEMS) test modules test contactors and thermal sub-systems for the global semiconductor industry. The Company’s semiconductor equipment segment which consists of Cohu’s Semiconductor Equipment Group (SEG) encompasses Cohu’s wholly owned subsidiaries Delta Design Inc. (Delta) which Rasco GmbH (Rasco) and Ismeca Semiconductor Holding SA (Ismeca). The Company through its subsidiaries develops manufactures and sells pick-and-place semiconductor test handling equipment thermal sub-systems gravity-feed and test-in-strip semiconductor test handling equipment MEMS test modules turret-based test handling and back-end finishing equipment for integrated circuits light emitting diodes and discrete components. The Company’s SO1000 is a gravity-feed platform that provides a solution for testing up to four devices in parallel.

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