Coherent, Inc. (NASDAQ:COHR) Director Stephen A. Skaggs sold 500 shares of the firm’s stock in a transaction that occurred on Monday, August 14th. The stock was sold at an average price of $217.58, for a total value of $108,790.00. Following the transaction, the director now owns 11,500 shares in the company, valued at $2,502,170. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Shares of Coherent, Inc. (NASDAQ:COHR) traded down 2.28% on Thursday, reaching $218.61. The company’s stock had a trading volume of 195,539 shares. The firm has a market capitalization of $5.38 billion, a PE ratio of 32.91 and a beta of 0.72. Coherent, Inc. has a one year low of $100.01 and a one year high of $278.39. The firm has a 50-day moving average price of $242.98 and a 200 day moving average price of $219.43.

Coherent (NASDAQ:COHR) last announced its earnings results on Tuesday, August 1st. The scientific and technical instruments company reported $3.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.45 by $0.09. The company had revenue of $464.10 million for the quarter, compared to the consensus estimate of $466.90 million. Coherent had a net margin of 11.08% and a return on equity of 24.98%. The firm’s revenue was up 112.1% compared to the same quarter last year. During the same period last year, the business posted $1.07 EPS. On average, analysts anticipate that Coherent, Inc. will post $12.27 earnings per share for the current fiscal year.

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Several hedge funds have recently modified their holdings of COHR. Teachers Advisors LLC raised its stake in shares of Coherent by 13.3% in the fourth quarter. Teachers Advisors LLC now owns 44,070 shares of the scientific and technical instruments company’s stock valued at $6,055,000 after buying an additional 5,162 shares in the last quarter. Creative Planning raised its stake in shares of Coherent by 27.6% in the first quarter. Creative Planning now owns 1,115 shares of the scientific and technical instruments company’s stock valued at $229,000 after buying an additional 241 shares in the last quarter. Bank of Montreal Can raised its stake in shares of Coherent by 11.4% in the first quarter. Bank of Montreal Can now owns 812 shares of the scientific and technical instruments company’s stock valued at $167,000 after buying an additional 83 shares in the last quarter. Retirement Systems of Alabama acquired a new stake in shares of Coherent during the first quarter valued at approximately $6,519,000. Finally, Westwood Management Corp IL raised its stake in shares of Coherent by 4.2% in the first quarter. Westwood Management Corp IL now owns 240,500 shares of the scientific and technical instruments company’s stock valued at $49,456,000 after buying an additional 9,600 shares in the last quarter. Hedge funds and other institutional investors own 92.40% of the company’s stock.

A number of equities research analysts have recently weighed in on the company. Benchmark Co. reiterated a “buy” rating on shares of Coherent in a research report on Wednesday, May 10th. Stifel Nicolaus lifted their price objective on Coherent from $220.00 to $270.00 and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Needham & Company LLC lifted their price objective on Coherent from $215.00 to $265.00 and gave the stock a “buy” rating in a research report on Wednesday, May 10th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $240.00 price objective (up from $225.00) on shares of Coherent in a research report on Wednesday, May 10th. Finally, Zacks Investment Research upgraded Coherent from a “hold” rating to a “strong-buy” rating and set a $286.00 price objective on the stock in a research report on Monday, May 15th. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $268.88.

About Coherent

Coherent, Inc is a photonics manufacturer. The Company is engaged in designing, manufacturing, servicing and marketing of lasers and related accessories for a range of scientific, commercial and industrial applications. It operates through two segments: Specialty Lasers and Systems (SLS) and Commercial Lasers and Components (CLC).

Insider Buying and Selling by Quarter for Coherent (NASDAQ:COHR)

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