Nationwide Fund Advisors lessened its holdings in Coherent, Inc. (NASDAQ:COHR) by 2.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 65,452 shares of the scientific and technical instruments company’s stock after selling 1,571 shares during the quarter. Nationwide Fund Advisors owned approximately 0.27% of Coherent worth $15,392,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Smithfield Trust Co. acquired a new stake in shares of Coherent in the 2nd quarter valued at about $199,000. Daiwa Securities Group Inc. purchased a new stake in Coherent during the 2nd quarter valued at approximately $202,000. WESPAC Advisors LLC purchased a new stake in Coherent during the 2nd quarter valued at approximately $211,000. Coldstream Capital Management Inc. raised 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 buying an additional 30 shares in the last quarter. Finally, BB&T Securities LLC purchased a new position in shares of Coherent during the 2nd quarter worth approximately $236,000. 97.66% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have commented on the company. ValuEngine lowered Coherent from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Benchmark reissued a “buy” rating and set a $290.00 target price on shares of Coherent in a report on Thursday, October 12th. Northcoast Research reiterated a “buy” rating and set a $314.00 price objective (up from $311.00) on shares of Coherent in a research report on Tuesday, September 12th. Stifel Nicolaus reiterated a “buy” rating and set a $290.00 price objective on shares of Coherent in a research report on Wednesday, September 13th. Finally, Summit Redstone reissued a “buy” rating and set a $320.00 target price on shares of Coherent in a research report on Saturday, September 23rd. One equities research 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 stock. The stock currently has a consensus rating of “Buy” and an average target price of $309.89.

Coherent, Inc. (COHR) opened at $291.96 on Friday. The company has a quick ratio of 2.14, a current ratio of 3.13 and a debt-to-equity ratio of 0.61. The firm has a market cap of $7,768.62, a P/E ratio of 26.33 and a beta of 0.79. Coherent, Inc. has a twelve month low of $124.94 and a twelve month high of $320.73.

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 for the quarter, topping the 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 business had revenue of $490.00 million during the quarter, compared to analysts’ expectations of $475.24 million. During the same quarter in the previous year, the company earned $1.65 EPS. The business’s revenue was up 97.2% on a year-over-year basis. equities analysts predict that Coherent, Inc. will post 15.56 EPS for the current fiscal year.

In other news, CEO John Ambroseo sold 25,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The shares were sold at an average price of $250.00, for a total value of $6,250,000.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Stephen A. Skaggs sold 500 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 11,000 shares in the company, valued at $3,398,670. The disclosure for this sale can be found here. Insiders sold a total of 42,414 shares of company stock valued at $11,450,570 in the last quarter. Corporate insiders own 1.40% 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).

Institutional Ownership by Quarter for Coherent (NASDAQ:COHR)

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