Sandeep Vij Sells 4,400 Shares of Coherent, Inc. (COHR) Stock
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.
COPYRIGHT VIOLATION WARNING: This piece was published by Watch List News and is the sole property of of Watch List News. If you are accessing this piece on another website, it was illegally copied and reposted in violation of international trademark & copyright legislation. The correct version of this piece can be accessed at https://www.watchlistnews.com/sandeep-vij-sells-4400-shares-of-coherent-inc-cohr-stock/1700849.html.
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.
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.