Robecosam AG boosted its position in shares of Coherent, Inc. (NASDAQ:COHR) by 56.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 125,000 shares of the scientific and technical instruments company’s stock after buying an additional 45,000 shares during the quarter. Robecosam AG owned approximately 0.51% of Coherent worth $16,968,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in COHR. Arizona State Retirement System grew its position in shares of Coherent by 0.5% in the second quarter. Arizona State Retirement System now owns 17,557 shares of the scientific and technical instruments company’s stock valued at $2,394,000 after purchasing an additional 89 shares during the period. State of Alaska Department of Revenue grew its position in shares of Coherent by 3.5% in the second quarter. State of Alaska Department of Revenue now owns 2,848 shares of the scientific and technical instruments company’s stock valued at $387,000 after purchasing an additional 95 shares during the period. Oregon Public Employees Retirement Fund grew its position in shares of Coherent by 1.4% in the second quarter. Oregon Public Employees Retirement Fund now owns 9,829 shares of the scientific and technical instruments company’s stock valued at $1,340,000 after purchasing an additional 139 shares during the period. BNP Paribas Arbitrage SA grew its position in shares of Coherent by 5.5% in the first quarter. BNP Paribas Arbitrage SA now owns 2,960 shares of the scientific and technical instruments company’s stock valued at $419,000 after purchasing an additional 155 shares during the period. Finally, Mason Street Advisors LLC grew its position in shares of Coherent by 1.3% in the first quarter. Mason Street Advisors LLC now owns 12,936 shares of the scientific and technical instruments company’s stock valued at $1,833,000 after purchasing an additional 166 shares during the period. Institutional investors own 96.43% of the company’s stock.

Shares of NASDAQ:COHR traded up $6.28 during midday trading on Tuesday, hitting $142.10. The company’s stock had a trading volume of 8,206 shares, compared to its average volume of 369,821. The business’s 50 day moving average is $136.06. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.34 and a current ratio of 3.97. The stock has a market cap of $3.26 billion, a P/E ratio of 10.86 and a beta of 1.82. Coherent, Inc. has a 12-month low of $90.10 and a 12-month high of $192.37.

Coherent (NASDAQ:COHR) last posted its quarterly earnings results on Tuesday, July 30th. The scientific and technical instruments company reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.05 by $0.28. The firm had revenue of $339.17 million for the quarter, compared to the consensus estimate of $348.61 million. Coherent had a net margin of 8.12% and a return on equity of 13.38%. The company’s revenue for the quarter was down 29.7% on a year-over-year basis. During the same period last year, the firm posted $3.51 earnings per share. Sell-side analysts forecast that Coherent, Inc. will post 4.92 EPS for the current year.

Several analysts have recently issued reports on COHR shares. Stifel Nicolaus lifted their target price on shares of Coherent from $165.00 to $174.00 and gave the company a “buy” rating in a research report on Wednesday, May 1st. Zacks Investment Research lowered shares of Coherent from a “hold” rating to a “strong sell” rating in a research report on Monday, August 5th. Susquehanna Bancshares downgraded shares of Coherent from a “positive” rating to a “neutral” rating and set a $140.00 price target on the stock. in a research note on Monday, April 29th. BidaskClub raised shares of Coherent from a “hold” rating to a “buy” rating in a research note on Friday, June 28th. Finally, ValuEngine raised shares of Coherent from a “hold” rating to a “buy” rating in a research note on Tuesday, August 6th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and six have issued a buy rating to the company’s stock. Coherent presently has an average rating of “Hold” and a consensus price target of $159.17.

Coherent Profile

Coherent, Inc provides lasers, laser-based technologies, and laser-based system solutions for a range of scientific, commercial, and industrial applications. It operates through two segments, OEM Laser Sources and Industrial Lasers & Systems. The company designs, manufactures, markets, and services lasers, laser tools, precision optics, and related accessories; and laser measurement and control products.

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Institutional Ownership by Quarter for Coherent (NASDAQ:COHR)

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