Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
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Cohu, a supplier of semiconductor test and inspection handlers and other test modules, boasts the highest level of exposure to the growing Auto IC space, Mok commented in his upgrade note. In fact, auto IC sales are expected to consistently grow at a 4 to 6 percent rate over the next few years company's differentiated technical capabilities, especially in thermal, could result in new contract wins.
Cohu is also well positioned to gain market share in both handlers and contactors, which is the company's core business, Mok continued. Within the handlers segment, Cohu is winning new positions at a diversified Korean chip maker and at a new European Auto IC customer. and these wins alone will add approximately two points of handler share. Within the contactor segment, the company's exposure while small at $40 million or 11 percent of total sales, there is room for a 20 percent growth rate over the coming years (see Mok's track record here).
Finally, Cohu's recently launched new products, including the WLCSP prober, inspection module, and system-level test solution, are individually small at around $10 million in sales each. However, these new products also represents a diversified product portfolio and exceed management's own conservative projections.At time of publication, shares of Cohu were up 13.45 percent at $22.73.
Related Links:Marc Chaikin's Bullish Thesis On 3 Small-Cap Tech StocksCohu Launches Next Generation 32-Position Turret HandlerCrypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.