COHU
Cohu, Inc. Technology - Semiconductor Equipment & Materials Investor Relations →
Cohu, Inc. (COHU) closed at $69.40 as of 2026-06-19, trading 131.5% above its 200-week moving average of $29.98. The stock moved further from the line this week, up from 105.9% last week. With a 14-week RSI of 87, COHU is in overbought territory.
Trading volume is running at 1.2x of its 14-week average, which is in the normal range. The balance between buying and selling volume (0.70 ratio) is neutral — neither side is clearly dominating.
Over the past 2365 weeks of data, COHU has crossed below its 200-week moving average 47 times. On average, these episodes lasted 20 weeks. Historically, investors who bought COHU at the start of these episodes saw an average one-year return of +22.5%.
With a market cap of $3.3 billion, COHU is a mid-cap stock. The company generates a free cash flow yield of 2.1%. Return on equity stands at -7.0%. The stock trades at 4.3x book value.
Over the past 33.5 years, a hypothetical investment of $100 in COHU would have grown to $5015, compared to $3097 for the S&P 500. That represents an annualized return of 12.4% vs 10.8% for the index — confirming COHU as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been declining at a -52.2% compound annual rate. A deteriorating cash flow trend warrants extra scrutiny — the stock may be cheap for a reason.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: COHU vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After COHU Crosses Below the Line?
Across 40 historical episodes, buying COHU when it crossed below its 200-week moving average produced an average return of +25.9% after 12 months (median -1.0%), compared to +6.3% for the S&P 500 over the same periods. 47% of those episodes were profitable after one year. After 24 months, the average return was +24.3% vs +16.7% for the index.
Each line shows $100 invested at the moment COHU crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Bean Score Experimental
The Bean Score measures how far a stock's free cash flow yield has deviated from its own quarterly baseline, normalized by the stock's historical behavior. Between earnings dates, FCF is constant — so the score is purely a function of stock price. The levels below show at what prices COHU would reach each dislocation threshold.
Dislocation Price Levels
Prices where COHU's Bean Score would hit each σ threshold. Valid until next earnings report: 2026-07-30.
| Level | σ | Price | Signal |
|---|---|---|---|
| Deep Value | +2σ | $29.15 | Unusually cheap — potential buy zone |
| Value | +1σ | $33.01 | Cheap vs. own history |
| Fair Value | +0σ | $38.05 | Historical mean behavior |
| Expensive | -1σ | $44.91 | Expensive vs. own history |
| Deep Expensive | -2σ | $54.79 | Unusually expensive — potential trim zone |
Quarterly FCF & Yield Trailing twelve-month free cash flow and yield at each quarter end
Signal Accuracy Collecting Data
The Bean Score system is accumulating weekly data to validate signal accuracy. After 13+ weeks of history, this section will display win rates and average returns for each σ threshold crossing — answering the question: "When this score says cheap or expensive, does the price subsequently move in the expected direction?"
Theoretical framework — not backtested or forward-tested. The Bean Score uses trailing twelve-month free cash flow yield as a dislocation identifier. It measures whether the market has pushed a stock's yield unusually far from its own baseline behavior. These levels are reference points for identifying potential swing trade opportunities, not buy/sell signals. FCF values update quarterly with earnings; between reports, all movement is price-driven.
Dislocation Scores Experimental
Each score measures deviation from COHU's own historical baseline — the same idea as the Bean Score, applied to different fundamentals. Positive means cheaper or more dislocated than this stock's norm. Scores marked σ are normalized by the stock's own variability; pp values are simple deltas from its recent baseline.
Theoretical framework — not backtested. These scores describe how unusual today's readings are for this specific company. They are starting points for research, not buy or sell signals. Annual-statement scores (buyback, accruals, FCF vs history) rest on only ~4 yearly data points and are deltas, not sigmas.
Historical Touches
COHU has crossed below its 200-week MA 47 times with an average 1-year return of +22.5% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Aug 1981 | Jan 1983 | 75 | 43.7% | -41.1% | +13554.4% |
| Oct 1983 | Oct 1983 | 1 | 0.4% | +24.1% | +14060.1% |
| Jun 1986 | Jul 1987 | 58 | 28.9% | -7.8% | +11847.6% |
| Aug 1987 | Sep 1987 | 3 | 2.3% | +24.4% | +11663.8% |
| Oct 1987 | Feb 1988 | 18 | 28.4% | +87.9% | +16130.2% |
| Aug 1990 | Dec 1990 | 17 | 21.3% | +31.0% | +9969.0% |
| Jan 1991 | Jan 1991 | 1 | 0.5% | +41.4% | +9263.2% |
| Jun 1991 | Jul 1991 | 1 | 0.3% | +10.8% | +8768.4% |
| Jun 1992 | Oct 1992 | 16 | 4.7% | +248.0% | +8000.6% |
| Jun 1998 | Jan 1999 | 30 | 49.3% | +32.4% | +689.6% |
| Feb 1999 | Apr 1999 | 7 | 16.0% | +371.9% | +721.7% |
| Jul 2000 | Aug 2000 | 3 | 16.4% | +8.0% | +434.0% |
| Sep 2000 | May 2001 | 37 | 29.1% | -6.9% | +417.7% |
| Jun 2001 | Jun 2001 | 2 | 2.6% | -7.0% | +377.1% |
| Jul 2001 | Jul 2001 | 1 | 3.1% | -24.4% | +394.4% |
| Sep 2001 | Dec 2001 | 13 | 31.9% | -15.1% | +456.3% |
| Jan 2002 | Feb 2002 | 3 | 3.5% | -18.7% | +397.1% |
| Jun 2002 | Aug 2003 | 63 | 49.3% | -11.2% | +358.0% |
| Sep 2003 | Sep 2003 | 1 | 4.3% | -29.0% | +359.7% |
| Oct 2003 | Jan 2004 | 11 | 11.2% | -16.6% | +398.7% |
| Mar 2004 | Mar 2004 | 3 | 1.0% | -3.4% | +399.7% |
| Apr 2004 | May 2004 | 6 | 3.8% | -11.7% | +424.7% |
| Jun 2004 | Jul 2004 | 6 | 13.1% | +5.0% | +414.1% |
| Aug 2004 | Nov 2004 | 14 | 21.7% | +37.1% | +425.3% |
| Dec 2004 | Jan 2005 | 6 | 10.2% | +33.4% | +405.6% |
| Mar 2005 | May 2005 | 8 | 14.7% | +18.0% | +417.1% |
| May 2006 | Oct 2006 | 22 | 22.8% | +21.9% | +425.5% |
| Feb 2007 | Apr 2007 | 7 | 3.2% | -20.4% | +374.2% |
| Sep 2007 | Oct 2007 | 4 | 2.1% | -17.5% | +364.4% |
| Oct 2007 | Apr 2010 | 130 | 58.7% | -26.0% | +375.3% |
| May 2010 | Jul 2010 | 9 | 18.9% | -5.0% | +483.9% |
| Aug 2010 | Oct 2010 | 12 | 20.5% | -14.2% | +489.0% |
| May 2011 | Jan 2012 | 35 | 29.1% | -25.0% | +514.6% |
| Feb 2012 | Jun 2013 | 71 | 25.5% | -14.2% | +565.5% |
| Aug 2013 | Jun 2014 | 43 | 19.7% | +14.6% | +581.6% |
| Jun 2014 | Jul 2014 | 6 | 3.0% | +21.0% | +610.0% |
| Oct 2014 | Nov 2014 | 4 | 5.2% | +6.3% | +650.0% |
| Jul 2015 | Oct 2015 | 10 | 7.9% | +8.8% | +653.6% |
| Jul 2016 | Aug 2016 | 4 | 0.6% | +84.9% | +592.3% |
| Dec 2018 | Dec 2018 | 2 | 8.0% | +54.3% | +381.4% |
| Mar 2019 | Oct 2019 | 33 | 28.5% | -1.7% | +362.5% |
| Mar 2020 | Oct 2020 | 30 | 40.8% | +185.5% | +370.5% |
| Jun 2022 | Jul 2022 | 1 | 0.1% | +67.2% | +179.3% |
| Oct 2023 | Oct 2023 | 1 | 1.2% | -15.3% | +127.2% |
| Feb 2024 | Jul 2024 | 19 | 12.1% | -34.0% | +117.7% |
| Jul 2024 | Feb 2026 | 81 | 57.3% | -37.9% | +119.2% |
| Mar 2026 | Mar 2026 | 2 | 5.3% | N/A | +150.9% |
| Average | 20 | — | +22.5% | — |
Frequently Asked Questions
Is COHU below its 200-week moving average?
No. Cohu, Inc. (COHU) is currently 131.5% above its 200-week moving average of $29.98. It would need to fall to $29.98 to cross below the line.
What is COHU's 200-week moving average price?
Cohu, Inc.'s 200-week moving average is $29.98 as of 2026-06-19. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when COHU drops below its 200-week moving average?
COHU has crossed below its 200-week moving average 47 times in our data. On average, buying at that moment produced a one-year return of +22.5%. These dips have historically been decent entry points. These episodes lasted 20 weeks on average.
Is COHU a good value right now?
Here's what our data says about COHU as of 2026-06-19: The stock is above its 200-week moving average, so it doesn't currently meet our primary signal. The 14-week RSI is 87 (overbought). Free cash flow yield is 2.1%. Return on equity is -7.0%. Price-to-book is 4.3x. This is not a buy or sell recommendation — always do your own research.
How does COHU compare to the S&P 500?
Over the past 33.5 years, $100 invested in COHU would have grown to $5015, compared to $3097 for the S&P 500. That's 12.4% annualized vs 10.8% for the index. COHU has outperformed the broader market over this period.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-06-19