Boston Partners grew its stake in Coherent, Inc. (NASDAQ:COHR) by 2.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 272,238 shares of the scientific and technical instruments company’s stock after acquiring an additional 6,925 shares during the period. Boston Partners owned about 1.11% of Coherent worth $64,022,000 as of its most recent filing with the SEC.
Other hedge funds have also made changes to their positions in the company. Smithfield Trust Co. acquired a new position in shares of Coherent in the second quarter valued at approximately $199,000. Daiwa Securities Group Inc. acquired a new position in shares of Coherent in the second quarter valued at approximately $202,000. WESPAC Advisors LLC acquired a new position in shares of Coherent in the second quarter valued at approximately $211,000. Coldstream Capital Management Inc. grew its holdings in shares of Coherent by 3.1% in the second quarter. Coldstream Capital Management Inc. now owns 1,010 shares of the scientific and technical instruments company’s stock valued at $227,000 after purchasing an additional 30 shares in the last quarter. Finally, BB&T Securities LLC acquired a new position in shares of Coherent in the second quarter valued at approximately $236,000. Hedge funds and other institutional investors own 91.04% of the company’s stock.
Shares of Coherent, Inc. (COHR) opened at $308.97 on Friday. The firm has a market cap of $7,610.24, a P/E ratio of 25.99 and a beta of 0.79. The company has a current ratio of 3.13, a quick ratio of 2.26 and a debt-to-equity ratio of 0.61. Coherent, Inc. has a 12-month low of $120.70 and a 12-month high of $310.10.
Coherent (NASDAQ:COHR) last issued its quarterly earnings data on Tuesday, November 7th. The scientific and technical instruments company reported $3.72 earnings per share for the quarter, topping the consensus estimate of $3.48 by $0.24. The business had revenue of $490.00 million during the quarter, compared to the consensus estimate of $475.24 million. Coherent had a net margin of 12.02% and a return on equity of 28.53%. The company’s revenue was up 97.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.65 EPS. research analysts expect that Coherent, Inc. will post 15.15 earnings per share for the current fiscal year.
A number of brokerages recently weighed in on COHR. Benchmark Co. restated a “buy” rating and issued a $290.00 price objective (down previously from $295.00) on shares of Coherent in a report on Tuesday, August 8th. Zacks Investment Research cut shares of Coherent from a “buy” rating to a “hold” rating in a report on Monday, August 7th. ValuEngine upgraded shares of Coherent from a “hold” rating to a “buy” rating in a report on Wednesday, August 2nd. Stifel Nicolaus boosted their price target on shares of Coherent from $290.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday. Finally, Susquehanna Bancshares Inc upgraded shares of Coherent from a “neutral” rating to a “positive” rating and boosted their price target for the stock from $255.00 to $275.00 in a report on Thursday, August 3rd. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $309.89.
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In other news, Director Stephen A. Skaggs sold 500 shares of the business’s stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $217.58, for a total transaction of $108,790.00. Following the completion of the sale, the director now owns 11,500 shares in the company, valued at approximately $2,502,170. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John Ambroseo sold 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, September 12th. The stock was sold at an average price of $250.00, for a total transaction of $6,250,000.00. The disclosure for this sale can be found here. 1.40% of the stock is currently owned by insiders.
Coherent Company Profile
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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