Coherent, Inc. (NASDAQ:COHR) Director Sandeep Vij sold 4,400 shares of the stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $292.79, for a total transaction of $1,288,276.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Coherent, Inc. (COHR) traded up $12.17 on Monday, hitting $308.97. 902,100 shares of the stock were exchanged, compared to its average volume of 447,123. Coherent, Inc. has a fifty-two week low of $120.70 and a fifty-two week high of $310.10. The stock has a market cap of $7,610.38, a PE ratio of 25.99 and a beta of 0.79. The company has a debt-to-equity ratio of 0.61, a quick ratio of 2.14 and a current ratio of 3.13.

Coherent (NASDAQ:COHR) last announced 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 Zacks’ 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 firm had revenue of $490.00 million for the quarter, compared to analyst estimates of $475.24 million. During the same quarter last year, the business earned $1.65 earnings per share. Coherent’s revenue was up 97.2% compared to the same quarter last year. equities analysts expect that Coherent, Inc. will post 15.15 earnings per share for the current year.

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A number of research analysts have issued reports on COHR shares. Benchmark Co. reaffirmed a “buy” rating and issued a $295.00 target price (up from $275.00) on shares of Coherent in a report on Thursday, July 20th. Needham & Company LLC reissued a “buy” rating and set a $270.00 price objective (up from $265.00) on shares of Coherent in a research note on Wednesday, August 2nd. ValuEngine raised shares of Coherent from a “hold” rating to a “buy” rating in a research note on Wednesday, August 2nd. UBS AG raised shares of Coherent from a “neutral” rating to a “positive” rating in a research note on Thursday, August 3rd. Finally, Susquehanna Bancshares Inc raised shares of Coherent from a “neutral” rating to a “positive” rating and raised their price objective for the stock from $255.00 to $275.00 in a research note on Thursday, August 3rd. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $309.89.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Smithfield Trust Co. acquired a new stake in Coherent during the second quarter worth approximately $199,000. Daiwa Securities Group Inc. acquired a new stake in Coherent during the second quarter worth approximately $202,000. WESPAC Advisors LLC acquired a new stake in Coherent during the second quarter worth approximately $211,000. Coldstream Capital Management Inc. boosted its position in Coherent by 3.1% during the second quarter. Coldstream Capital Management Inc. now owns 1,010 shares of the scientific and technical instruments company’s stock worth $227,000 after acquiring an additional 30 shares during the last quarter. Finally, BB&T Securities LLC acquired a new position in shares of Coherent in the 2nd quarter valued at $236,000. Hedge funds and other institutional investors own 91.57% of the company’s stock.

About Coherent

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)

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