Insider Selling: Coherent, Inc. (COHR) EVP Sells 1,002 Shares of Stock
Coherent, Inc. (NASDAQ:COHR) EVP Paul F. Sechrist sold 1,002 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $288.88, for a total value of $289,457.76. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Coherent, Inc. (NASDAQ COHR) traded up $7.85 during midday trading on Tuesday, reaching $282.00. The company had a trading volume of 495,247 shares, compared to its average volume of 443,462. The firm has a market cap of $7,186.86, a PE ratio of 24.35 and a beta of 0.81. Coherent, Inc. has a 12 month low of $128.21 and a 12 month high of $320.73. The company has a quick ratio of 2.14, a current ratio of 3.13 and a debt-to-equity ratio of 0.51.
Coherent (NASDAQ:COHR) last released its quarterly earnings results on Tuesday, November 7th. The scientific and technical instruments company reported $3.72 earnings per share for the quarter, topping analysts’ consensus estimates of $3.48 by $0.24. The company had revenue of $490.00 million during the quarter, compared to analysts’ expectations of $475.24 million. Coherent had a return on equity of 28.53% and a net margin of 12.02%. Coherent’s quarterly revenue was up 97.2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.65 EPS. equities analysts anticipate that Coherent, Inc. will post 15.56 EPS for the current fiscal year.
Several institutional investors have recently made changes to their positions in the business. AXA raised its holdings in shares of Coherent by 30.8% during the third quarter. AXA now owns 46,167 shares of the scientific and technical instruments company’s stock valued at $10,857,000 after acquiring an additional 10,867 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in shares of Coherent by 190.8% in the third quarter. Public Employees Retirement System of Ohio now owns 33,923 shares of the scientific and technical instruments company’s stock valued at $7,978,000 after purchasing an additional 22,257 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Coherent in the third quarter valued at approximately $485,000. Westport Asset Management Inc. purchased a new stake in shares of Coherent in the third quarter valued at approximately $588,000. Finally, California Public Employees Retirement System grew its position in shares of Coherent by 5.1% in the third quarter. California Public Employees Retirement System now owns 51,821 shares of the scientific and technical instruments company’s stock valued at $12,187,000 after purchasing an additional 2,521 shares in the last quarter. 97.06% of the stock is owned by institutional investors and hedge funds.
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).
Receive News & Ratings for Coherent Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coherent Inc. and related companies with MarketBeat.com's FREE daily email newsletter.