COHU is trading 4.2% down at $50.61 as investors lock in gains following a significant post-earnings surge.
- The stock previously jumped 18.07% on July 30 and 8.19% on August 4, leaving the door open for a technical pullback.
- The decline appears stock-specific rather than sector-wide, as the broader semiconductor group (SOXX) is currently trading up nearly 5%.
- The earlier rally was driven by strong quarterly performance and an upward revision to the company's full-year revenue outlook.