Applied Optoelectronics and Cohu gain analyst upgrades as semiconductor stocks climb

Shares of Applied Optoelectronics Inc. (NASDAQ:AAOI) opened higher, gapping up to $100.10 after analysts issued mixed ratings, including an "outperform" from Raymond James and a revised $220 price target from Needham. The company reported quarterly earnings of a $0.07 loss per share, missing estimates, but revenue rose 51.3% year‑over‑year to $151.14 million.

Cohu Inc. (NASDAQ:COHU) saw its stock rise about 4.2% to $48.40 after B. Riley Financial lifted its price target to $69 and other firms raised theirs, with several analysts assigning buy or outperform ratings. Cohu posted quarterly earnings of $0.26 per share, beating consensus estimates by $0.12, while its market cap stands at $2.28 billion.