Coherent Inc. (NASDAQ:COHR) VP Bret Dimarco sold 953 shares of Coherent stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $109.75, for a total transaction of $104,591.75. Following the sale, the vice president now owns 11,740 shares in the company, valued at $1,288,465. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Bret Dimarco also recently made the following trade(s):

  • On Monday, August 1st, Bret Dimarco sold 1,039 shares of Coherent stock. The shares were sold at an average price of $106.70, for a total transaction of $110,861.30.

Coherent Inc. (NASDAQ:COHR) opened at 108.96 on Thursday. The firm has a 50-day moving average of $107.75 and a 200-day moving average of $97.68. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of 31.70 and a beta of 0.83. Coherent Inc. has a 52-week low of $52.17 and a 52-week high of $112.40.

Coherent (NASDAQ:COHR) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $1.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.11 by $0.04. The company earned $218.80 million during the quarter, compared to the consensus estimate of $211.94 million. Coherent had a net margin of 10.26% and a return on equity of 11.06%. Coherent’s revenue for the quarter was up 16.1% compared to the same quarter last year. During the same period in the previous year, the company earned $0.82 earnings per share. On average, equities research analysts forecast that Coherent Inc. will post $4.62 EPS for the current fiscal year.

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

Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of Coherent from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Stifel Nicolaus lifted their target price on shares of Coherent from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, July 28th. Finally, Benchmark Co. decreased their target price on shares of Coherent from $115.00 to $112.00 and set a “buy” rating on the stock in a research report on Thursday, July 28th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $104.00.

Several institutional investors have recently modified their holdings of the stock. Acadian Asset Management LLC bought a new position in shares of Coherent during the first quarter valued at $409,000. Aperio Group LLC raised its position in shares of Coherent by 4.8% in the first quarter. Aperio Group LLC now owns 5,072 shares of the company’s stock valued at $466,000 after buying an additional 233 shares during the last quarter. CIBC World Markets Inc. bought a new position in shares of Coherent during the first quarter valued at $404,000. Pacad Investment Ltd. bought a new position in shares of Coherent during the first quarter valued at $248,000. Finally, TIAA CREF Investment Management LLC raised its position in shares of Coherent by 8.5% in the first quarter. TIAA CREF Investment Management LLC now owns 119,578 shares of the company’s stock valued at $10,989,000 after buying an additional 9,342 shares during the last quarter. 92.86% of the stock is currently owned by institutional investors.

About Coherent

Coherent, Inc is a supplier of photonics-based solutions in a range of commercial and scientific research applications. The Company designs, manufactures, services and markets lasers, laser tools and related accessories for a diverse group of customers. It operates through two operating segments: Specialty Lasers and Systems (SLS) and Commercial Lasers and Components (CLC).

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