Company: COHU
Filing Date: 2025-02-20
Form Type: 10-K
Source: 0001437749-25-004612
Chunk: 114

Company: COHU INC
Filing Date: 2025-02-20
Form: 10-K
Item: Item 1
Chunk 114
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. No single issuer represents a significant portion of the total corporate debt securities portfolio.

Effective maturities of short-term investments at December 28, 2024, were as follows:

			Amortized

			Estimated

			(in thousands)

			Cost

			Fair Value

			Due in 1 year or less

			$
			47,819

			$
			47,855

			Due after 1 year through 5 years

			7,847

			7,830

			$
			55,666

			$
			55,685

Accounting standards pertaining to fair value measurements establish a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. These tiers include: Level 1, defined as observable inputs such as quoted prices in active markets; Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable; and Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions. When available, we use quoted market prices to determine the fair value of our investments, and they are included in Level 1. When quoted market prices are unobservable, we use quotes from independent pricing vendors based on recent trading activity and other relevant information.

68

			COHU, INC.

			NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The following table summarizes, by major security type, our financial instruments that are measured at fair value on a recurring basis and are categorized using the fair value hierarchy (in thousands):

			Fair value measurements at December 28, 2024 using:

			Total estimated

			Level 1

			Level 2

			Level 3

			fair value

			Cash

			$
			136,965

			$
			-

			$
			-

			$
			136,965

			Money market funds

			-

			69,442

			-

			69,442

			Corporate debt securities

			-

			32,052

			-

			32,052

			U.S. treasury securities

			-

			11,961

			-

			11,961

			Bank certificates of deposit

			-

			6,972

			-

			6,