The S&P 500 has officially doubled since hitting its pandemic low point in March 2020, capping off the strongest bull market in recent memory. As it keeps powering to new highs, you might be wondering if it’s still possible to find a bargain.
Good value can appear thanks to fundamental shifts in particular industries, favoring the companies that operate within them. Cohu (NASDAQ:COHU) is a great example — it supplies crucial testing and handling equipment to the world’s largest semiconductor producers, and amid the global chip shortage, it’s reaping big rewards.
Wall Street firm Rosenblatt Securities describes the semiconductor industry as being in the “mother of all cycles,” and its analyst thinks Cohu could rise over 100% from current levels.