Why Cohu, Inc. Stock Gained 27.1% in September

Why Cohu, Inc. Stock Gained 27.1% in September

Cohu, Inc. (NASDAQ: COHU) stock increased 27.1% in September, according to data from S&P Global Market Intelligence. The semiconductor equipment company's shares enjoyed substantial gains following earnings-forecast revisions and ratings upgrades.

As a relatively small company with a roughly $670 million market cap, Cohu is prone to big swings related to ratings news and changes in earnings forecasts. The company saw favorable developments on both of those fronts last month.

According to Zacks Investment Research, the average analyst estimate for Cohu's full-year earnings increased from $1.46 per share in July to $1.54 per share in September. On the ratings front, ValuEngine shifted the stock from buy to strong buy on Sept. 1, and Needham & Company upgraded its rating on the stock from hold to buy in a note published Sept. 18.

Continue reading

Source: Fool.com