Coherent, Inc. (COHR) Director Stephen A. Skaggs Sells 500 Shares
Coherent, Inc. (NASDAQ:COHR) Director Stephen A. Skaggs sold 500 shares of the stock in a transaction that occurred on Monday, November 13th. The shares were sold at an average price of $308.97, for a total transaction of $154,485.00. Following the sale, the director now owns 11,000 shares in the company, valued at approximately $3,398,670. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of Coherent, Inc. (NASDAQ COHR) opened at $301.32 on Tuesday. Coherent, Inc. has a fifty-two week low of $124.70 and a fifty-two week high of $314.76. The company has a debt-to-equity ratio of 0.61, a current ratio of 3.13 and a quick ratio of 2.14. The stock has a market cap of $7,610.38, a P/E ratio of 25.99 and a beta of 0.79.
Coherent (NASDAQ:COHR) last issued its earnings results on Tuesday, November 7th. The scientific and technical instruments company reported $3.72 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $3.48 by $0.24. Coherent had a net margin of 12.02% and a return on equity of 28.53%. The company had revenue of $490.00 million for the quarter, compared to analysts’ expectations of $475.24 million. During the same quarter last year, the company posted $1.65 earnings per share. The firm’s quarterly revenue was up 97.2% on a year-over-year basis. analysts expect that Coherent, Inc. will post 15.15 EPS for the current fiscal year.
WARNING: This story was originally reported by Watch List News and is owned by of Watch List News. If you are viewing this story on another website, it was stolen and republished in violation of United States & international copyright and trademark law. The legal version of this story can be read at https://www.watchlistnews.com/coherent-inc-cohr-director-stephen-a-skaggs-sells-500-shares/1702034.html.
A number of equities research analysts have recently commented on the stock. Northcoast Research reiterated a “buy” rating and set a $314.00 price target (up previously from $311.00) on shares of Coherent in a report on Tuesday, September 12th. Needham & Company LLC increased their price target on shares of Coherent from $270.00 to $330.00 and gave the company a “buy” rating in a report on Wednesday, November 8th. Stifel Nicolaus reiterated a “buy” rating and set a $290.00 price target on shares of Coherent in a report on Wednesday, September 13th. Susquehanna Bancshares Inc upgraded shares of Coherent from a “neutral” rating to a “positive” rating and increased their price target for the company from $255.00 to $275.00 in a report on Thursday, August 3rd. Finally, Zacks Investment Research upgraded shares of Coherent from a “hold” rating to a “strong-buy” rating and set a $270.00 price target on the stock in a report on Tuesday, October 3rd. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $309.89.
Several institutional investors have recently modified their holdings of the company. Asset Management One Co. Ltd. boosted its stake in shares of Coherent by 854.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 4,789 shares of the scientific and technical instruments company’s stock worth $1,144,000 after acquiring an additional 4,287 shares during the last quarter. AMP Capital Investors Ltd purchased a new position in shares of Coherent during the 3rd quarter worth $682,000. NWQ Investment Management Company LLC boosted its stake in shares of Coherent by 10.9% during the 3rd quarter. NWQ Investment Management Company LLC now owns 446,953 shares of the scientific and technical instruments company’s stock worth $105,110,000 after acquiring an additional 43,822 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Coherent by 25.3% during the 3rd quarter. Allianz Asset Management GmbH now owns 316,510 shares of the scientific and technical instruments company’s stock worth $74,433,000 after acquiring an additional 63,851 shares during the last quarter. Finally, Epoch Investment Partners Inc. boosted its stake in shares of Coherent by 3.6% during the 3rd quarter. Epoch Investment Partners Inc. now owns 962,918 shares of the scientific and technical instruments company’s stock worth $226,449,000 after acquiring an additional 33,295 shares during the last quarter. Institutional investors and hedge funds own 91.57% of the company’s stock.
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).
Receive News & 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 companies with Analyst Ratings Network's FREE daily email newsletter.