If I recall correctly, Cohu cancelled their poison pill. It was deemed ineffective quite a while ago??
To me the best indicator of back end health is the earnings put out by TER. They beat and guided with in consensus earlier this week. When ever you see a tester - there is a test handler that works around it.
It is a very closely related business.
I think Lam is not a buyer of Cohu.
The one company that I'd love to see buy them is Keys. Keys was a spinoff from Agilent. Almost every spin off of HP / Agilent has been a great success.
Both Keys and Cohu are collaborating on 5G testing:
SANTA ROSA, Calif., November 5, 2018
Keysight Technologies, Inc. (NYSE: KEYS), a leading technology company that helps enterprises, service providers, and governments accelerate innovation to connect and secure the world, announced it has extended the company's collaboration with Cohu Inc., a leading provider of test solutions for the electronic industry, to deliver enhanced high volume manufacturing (HVM) solutions for the 5G semiconductor manufacturing test market.
The integration of Keysight's 5G NR Signal Studio and PXI modular instruments with Cohu's HVM radio frequency (RF) test tools enables 5G semiconductor manufacturers to streamline the transition from device validation testing (DVT) to HVM. Tightly integrated tools in both DVT and HVM allow users to easily correlate measurement test results, leading to faster time-to-volume (TTV) of 5G power amplifiers (PAs) and RF front-end modules (FEMs).
"We are excited to work with Cohu to make these best-in-class 5G manufacturing test solutions possible and to help PA/FEM manufacturers reduce the time and overall cost of testing as they transition from DVT to HVM," said Giampaolo Tardioli, vice president of Keysight's Network Access group.
Keysight's wide range of 5G solutions enable semiconductor providers and other wireless equipment manufacturers to address a diverse set of workflow test requirements, from design and simulation, to prototype test and manufacturing. Leveraging Keysight's PathWave design and test software platform enables these solutions to offer a common environment across PA/FEM workflow solutions, while improving efficiency with common measurement IP and leverageable automation code.
"Keysight's expertise and 5G test solutions have helped Cohu deliver high volume manufacturing solutions with a competitive edge for the 5G semiconductor manufacturing test market," says Steve Wigley, vice president of the Semiconductor Test Group at Cohu. "The integration of Keysight's software and PXI modular hardware with our HVM RF test tools greatly simplifies the task of correlating measurement test results between design validation and manufacturing test, creating a significant advantage for our customers."
Cohu (Nasdaq: COHU) is a global leader in back-end semiconductor equipment and services, delivering leading-edge solutions for the manufacturing of semiconductors and printed circuit boards. Additional information can be found at www.Cohu.com.
About Keysight in 5G
Keysight's industry-first 5G end-to-end design and test solutions enable the mobile industry to accelerate 5G product design development from the physical layer to the application layer and across the entire workflow from simulation, design, and verification to manufacturing, deployment, and optimization. Keysight offers common software and hardware platforms compliant to the latest 3GPP standards, enabling the ecosystem to quickly and accurately validate 5G chipsets, devices, base stations and networks, as well as emulate subscriber behaviour scenarios. Additional information about Keysight's 5G solutions is available at www.keysight.com/find/5G.
About Keysight Technologies
Keysight Technologies, Inc. (NYSE: KEYS) is a leading technology company that helps enterprises, service providers, and governments accelerate innovation to connect and secure the world. Keysight's solutions optimize networks and bring electronic products to market faster and at a lower cost with offerings from design simulation, to prototype validation, to manufacturing test, to optimization in networks and cloud environments. Customers span the worldwide communications ecosystem, aerospace and defense, automotive, energy, semiconductor and general electronics end markets. Keysight generated revenues of $3.2B in fiscal year 2017. In April 2017, Keysight acquired Ixia, a leader in network test, visibility, and security. More information is available at www.keysight.com.
Bottom line Cohu is going to be very profitable. Jeffrey Jones is more than caoable to insure that free cash flow will be maximized and debt repayment will be accelerated.
W'ere coming into the sweet spot of the semi seasonality. After that 5G infrastrucuture is being accelerated and smart phones, laptops,and pc's will be offering compatibility with this next great technology.
Businesses will be buying first and they buy in huge volume - so the ramp will be fast.
Cohu's price is being manipulated to a lower price. It is the intended action of the price manipulation to scare stockholder out of their positions. Cohu list of institutional ownership is huge and most are adding quite a lot of shares. Most are being sold through dark pools institution to institution.
Don't worry about this market topping. Worry about averaging down while this big player money manipulation can go to work for you. We can't beat them, but we CAN ride on their coattails.
When enough of us do, that they'll decide there is no more cheap stock out there and begin to run up the price of their newly accumulated shares.
If you are short get long
If you are long get more!!
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