DA Davidson analyst Thomas Diffely initiated Cohu with a price target of $30, saying the company has a "slew" of growth drivers along with its "attractive" valuation. The analyst cites Cohu's position as a "leading provider of semiconductor test handlers and an emerging player in the associated contactor and vision inspection markets", anticipating significant stock appreciation over the next few years. Diffely also believes that the company is "severely undervalued" and points to "robust" core semiconductor handler industry trends in markets that are experiencing multi-year expansions, with the stock trading at 8-times expected 2019 earnings vs. the broader group's 10-times multiple.