In an investor presentation Monday afternoon, the semiconductor business Cohu Inc COHU warned there is a “delay in previously expected second half 2019 recovery” due to “Huawei export restrictions impacting our customers' business.”
The Cohu 8-K document can be found here.
On May 15, the Trump administration added Huawei to a list of companies that U.S. firms can no longer trade with unless they have a license. This has had a huge impact on a number of semiconductor businesses.
Cohu shares closed Monday's session down 1.5% at $15.06. The stock has a 52-week range between $27.83 and $14.08.
Related Links:
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
