Zacks Investment Research upgraded
) to a Zacks Rank #1 (Strong Buy) on May 30, 2014. Going by the
Zacks model, companies having a Zacks Rank #1 have strong chances
of performing better than the broader market.
Why the Upgrade?
Cohu, Inc. reported impressive results for first-quarter 2014 on
Apr 30. Since then the company's share price has gone up by 4.5%.
Earnings were 2 cents per share, improving over a loss of 32 cents
per share reported in the year-ago quarter. Also, the bottom line
was way above the Zacks Consensus Estimate of a loss of 19 cents
Revenues grew by 22.1% year over year, supported by a sales
increase of 88% in semiconductor equipment, 7% in microwave
communications and 5% in video equipments. Orders grew 7.4%
sequentially while backlog was solid at $101.6 million. Cost of
sales rose by 10.3% while operating expenses were down by 4.5% year
For 2014, Cohu, Inc. anticipates revenues to lie in the $72−$80
million range, up 11.1% over the prior year at the mid point.
Over the last 60 days, the Zacks Consensus Estimate for Colhu, Inc.
has improved from a loss of 13 cents per share to a loss of 5 cents
per share for 2014. Also, this estimate represents a year-over-year
improvement of 94.7%.
Other Stocks to Consider
Cohu, Inc. currently has a $272 million market capitalization. Some
other stocks worth considering in the same industry include
Kulicke and Soffa Industries, Inc.
). While Kulicke and Soffa Industries sports a Zacks Rank #1, both
Intevac and Ultratech carry a Zacks Rank #2 (Buy).
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COHU INC (COHU): Get Free Report
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