Coherent, Inc. (COHR) EVP Sells $411,600.00 in Stock

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.

COHR has been the subject of several research analyst reports. Northcoast Research reiterated a “buy” rating and set a $314.00 target price (up from $311.00) on shares of Coherent in a research note on Tuesday, September 12th. Stifel Nicolaus reiterated a “buy” rating and set a $290.00 target price on shares of Coherent in a research note on Wednesday, September 13th. Summit Redstone reiterated a “buy” rating and set a $320.00 target price on shares of Coherent in a research note on Saturday, September 23rd. Zacks Investment Research upgraded Coherent from a “hold” rating to a “strong-buy” rating and set a $270.00 target price for the company in a research note on Tuesday, October 3rd. Finally, Benchmark reiterated a “buy” rating and set a $290.00 target price on shares of Coherent in a research note on Thursday, October 12th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $309.89.

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.

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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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