Cohu, Inc. (COHU) saw its shares rise 7.6% to $27.01 during the last trading session, driven by increased trading volume and optimism stemming from repeat orders for Neon HBM inspection systems. This uptick contrasts with the stock’s 0.2% decline over the previous month.
The company is projected to report quarterly earnings of $0.07 per share, reflecting a year-over-year increase of 146.7%, with expected revenues of $122 million, up 29.6% from the same quarter last year. Cohu currently holds a Zacks Rank of #3 (Hold). In comparison, Axcelis Technologies (ACLS) also operates within the semiconductor equipment sector and reported a 5.5% gain in its shares, concluding at $93.90.
