Coherent, Inc. (COHR) EVP Paul F. Sechrist Sells 1,002 Shares
Coherent, Inc. (NASDAQ:COHR) EVP Paul F. Sechrist sold 1,002 shares of the company’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $288.88, for a total transaction of $289,457.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of Coherent, Inc. (NASDAQ COHR) traded up $7.85 during midday trading on Wednesday, reaching $282.00. 495,200 shares of the company were exchanged, compared to its average volume of 443,463. The company has a market cap of $6,804.15, a price-to-earnings ratio of 23.06 and a beta of 0.81. Coherent, Inc. has a 1-year low of $128.21 and a 1-year high of $320.73. The company has a current ratio of 3.13, a quick ratio of 2.14 and a debt-to-equity ratio of 0.51.
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 (EPS) for the quarter, beating analysts’ consensus estimates of $3.48 by $0.24. The business had revenue of $490.00 million during the quarter, compared to analyst estimates of $475.24 million. Coherent had a net margin of 12.02% and a return on equity of 28.53%. The firm’s quarterly revenue was up 97.2% on a year-over-year basis. During the same quarter last year, the business earned $1.65 EPS. analysts predict that Coherent, Inc. will post 15.56 EPS for the current year.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. AXA raised its holdings in Coherent by 30.8% in the 3rd quarter. AXA now owns 46,167 shares of the scientific and technical instruments company’s stock valued at $10,857,000 after buying an additional 10,867 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in Coherent by 190.8% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 33,923 shares of the scientific and technical instruments company’s stock valued at $7,978,000 after buying an additional 22,257 shares during the last quarter. GSA Capital Partners LLP bought a new position in Coherent in the 3rd quarter valued at approximately $485,000. Westport Asset Management Inc. bought a new position in Coherent in the 3rd quarter valued at approximately $588,000. Finally, California Public Employees Retirement System raised its holdings in Coherent by 5.1% in the 3rd quarter. California Public Employees Retirement System now owns 51,821 shares of the scientific and technical instruments company’s stock valued at $12,187,000 after buying an additional 2,521 shares during the last quarter. Institutional investors and hedge funds own 97.06% of the company’s stock.
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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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