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.

Several equities analysts recently commented on COHR shares. Benchmark restated a “buy” rating and issued a $290.00 price target (down from $295.00) on shares of Coherent in a research note on Tuesday, August 8th. ValuEngine cut shares of Coherent from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Barclays increased their target price on shares of Coherent from $285.00 to $315.00 and gave the stock an “overweight” rating in a report on Wednesday, November 8th. Stifel Nicolaus increased their target price on shares of Coherent from $290.00 to $330.00 and gave the stock a “buy” rating in a report on Wednesday, November 8th. Finally, Susquehanna Bancshares reissued a “positive” rating and issued a $275.00 target price on shares of Coherent in a report on Tuesday, September 5th. One equities research 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 company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $309.89.

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.

TRADEMARK VIOLATION WARNING: “Coherent, Inc. (COHR) EVP Paul F. Sechrist Sells 1,002 Shares” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece of content on another website, it was illegally copied and reposted in violation of U.S. & international copyright legislation. The original version of this piece of content can be accessed at https://www.thecerbatgem.com/2017/12/06/coherent-inc-cohr-evp-paul-f-sechrist-sells-1002-shares.html.

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).

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

Receive News & Stock Ratings for Coherent Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coherent Inc. and related stocks with our FREE daily email newsletter.