Coherent, Inc. (NASDAQ:COHR) EVP Paul F. Sechrist sold 1,372 shares of the stock in a transaction that occurred on Thursday, January 4th. The shares were sold at an average price of $300.00, for a total value of $411,600.00. Following the transaction, the executive vice president now owns 2,497 shares of the company’s stock, valued at $749,100. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
Coherent, Inc. (NASDAQ:COHR) traded up $7.02 during mid-day trading on Friday, hitting $295.75. The company had a trading volume of 408,149 shares, compared to its average volume of 326,863. The company has a debt-to-equity ratio of 0.51, a quick ratio of 2.14 and a current ratio of 3.13. The firm has a market cap of $7,340.00, a price-to-earnings ratio of 35.17 and a beta of 0.82. Coherent, Inc. has a twelve month low of $136.52 and a twelve month high of $320.73.
Coherent (NASDAQ:COHR) last posted its quarterly earnings results on Tuesday, November 7th. The scientific and technical instruments company reported $3.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $3.48 by $0.24. The business had revenue of $490.00 million for the quarter, compared to analyst estimates of $475.24 million. Coherent had a return on equity of 28.53% and a net margin of 12.02%. The business’s revenue was up 97.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.65 EPS. equities research analysts forecast that Coherent, Inc. will post 15.56 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of COHR. Legal & General Group Plc raised its position in shares of Coherent by 21.2% during the 2nd quarter. Legal & General Group Plc now owns 19,264 shares of the scientific and technical instruments company’s stock valued at $4,334,000 after acquiring an additional 3,364 shares in the last quarter. BB&T Securities LLC acquired a new stake in shares of Coherent during the 2nd quarter valued at approximately $236,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Coherent during the 2nd quarter valued at approximately $406,000. Utah Retirement Systems acquired a new stake in shares of Coherent during the 2nd quarter valued at approximately $1,006,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Coherent by 10.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,206 shares of the scientific and technical instruments company’s stock valued at $271,000 after acquiring an additional 117 shares in the last quarter. 96.90% of the stock is currently 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).
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