$Cohu Inc (COHU.US)$ According to company projections (and a...

According to company projections (and analysts' expectations), Cohu's revenue should exceed $900 million by 2021. That is double the company's revenues of three years ago, with a market capitalisation of $1.7 billion and shares trading at less than twice price-to-sales.

It expects earnings of $3.12 a share this year, or 11.3 times forward earnings, significantly lower than the iShares PHLX Semiconductor ETF, which trades at 37.3 times.

As long as the semiconductor industry remains short of supply, manufacturers will continue to seek more capacity. For Cohu, that means strong demand for the company's products and services in the future. Global sales rose 26.4 percent in May, according to the Semiconductor Industry Association. This stock is a good way to achieve that growth.