Coherent, Inc. (COHR) VP Bret Dimarco Sells 1,195 Shares
Coherent, Inc. (NASDAQ:COHR) VP Bret Dimarco sold 1,195 shares of the stock in a transaction that occurred on Tuesday, November 14th. The stock was sold at an average price of $301.89, for a total value of $360,758.55. Following the sale, the vice president now owns 2,198 shares in the company, valued at $663,554.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Bret Dimarco also recently made the following trade(s):
- On Thursday, November 9th, Bret Dimarco sold 5,819 shares of Coherent stock. The stock was sold at an average price of $294.75, for a total value of $1,715,150.25.
Shares of Coherent, Inc. (COHR) traded down $7.65 during midday trading on Tuesday, reaching $301.32. The company’s stock had a trading volume of 671,800 shares, compared to its average volume of 448,149. The company has a current ratio of 3.13, a quick ratio of 2.14 and a debt-to-equity ratio of 0.61. The company has a market cap of $7,610.38, a price-to-earnings ratio of 25.99 and a beta of 0.79. Coherent, Inc. has a 52-week low of $124.70 and a 52-week high of $314.76.
Coherent (NASDAQ:COHR) last issued 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 analysts’ consensus estimates of $3.48 by $0.24. The firm had revenue of $490.00 million during 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 firm’s quarterly revenue was up 97.2% on a year-over-year basis. During the same period last year, the company posted $1.65 EPS. analysts predict that Coherent, Inc. will post 15.15 EPS for the current year.
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A number of analysts have recently weighed in on the company. Stifel Nicolaus increased their price target on Coherent from $290.00 to $330.00 and gave the stock a “buy” rating in a research report on Wednesday, November 8th. Barclays PLC raised their target price on Coherent from $285.00 to $315.00 and gave the company an “overweight” rating in a research report on Wednesday, November 8th. Needham & Company LLC restated a “buy” rating and issued a $270.00 target price (up from $265.00) on shares of Coherent in a research report on Wednesday, August 2nd. Benchmark Co. restated a “buy” rating and issued a $290.00 target price (down from $295.00) on shares of Coherent in a research report on Wednesday, August 2nd. Finally, Northcoast Research restated a “buy” rating and issued a $314.00 target price (up from $311.00) on shares of Coherent in a research report on Tuesday, September 12th. One analyst has rated the stock with a hold rating, ten have given 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 a consensus price target of $309.89.
Hedge funds and other institutional investors have recently modified their holdings of the business. Smithfield Trust Co. bought a new position in Coherent during the 2nd quarter valued at $199,000. Daiwa Securities Group Inc. bought a new stake in shares of Coherent during the 2nd quarter worth $202,000. WESPAC Advisors LLC bought a new stake in shares of Coherent during the 2nd quarter worth $211,000. Coldstream Capital Management Inc. boosted its stake in shares of Coherent by 3.1% during the 2nd quarter. Coldstream Capital Management Inc. now owns 1,010 shares of the scientific and technical instruments company’s stock worth $227,000 after acquiring an additional 30 shares in the last quarter. Finally, BB&T Securities LLC bought a new stake in shares of Coherent during the 2nd quarter worth $236,000. 91.57% of the stock is owned by hedge funds and other institutional investors.
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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