Coherent Inc. (NASDAQ:COHR) saw an uptick in trading volume on Thursday . 263,234 shares changed hands during trading, an increase of 30% from the previous session’s volume of 202,099 shares.The stock last traded at $94.52 and had previously closed at $94.25.

A number of research firms have recently issued reports on COHR. Zacks Investment Research lowered shares of Coherent from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 28th. Benchmark Co. upped their price objective on shares of Coherent from $110.00 to $115.00 and gave the company a “buy” rating in a report on Monday, May 23rd. Finally, Needham & Company LLC reissued a “buy” rating on shares of Coherent in a report on Tuesday, May 17th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $90.40.

The company has a market capitalization of $2.34 billion and a P/E ratio of 30.13. The firm has a 50-day moving average of $93.27 and a 200 day moving average of $85.85.

Coherent (NASDAQ:COHR) last released its quarterly earnings results on Thursday, April 28th. The company reported $1.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.05. During the same period last year, the firm earned $0.94 EPS. The firm had revenue of $199.90 million for the quarter, compared to analyst estimates of $197.44 million. The company’s quarterly revenue was down 1.9% compared to the same quarter last year. On average, equities research analysts forecast that Coherent Inc. will post $4.54 EPS for the current year.

In related news, Director L William Krause sold 7,700 shares of the business’s stock in a transaction dated Tuesday, May 24th. The shares were sold at an average price of $88.55, for a total value of $681,835.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Luis Spinelli sold 3,027 shares of the business’s stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $84.90, for a total transaction of $256,992.30. Following the completion of the transaction, the vice president now directly owns 9,127 shares of the company’s stock, valued at approximately $774,882.30. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently made changes to their positions in COHR. Dimensional Fund Advisors LP increased its position in shares of Coherent by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,405,606 shares of the company’s stock valued at $91,520,000 after buying an additional 54,494 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of Coherent by 3.9% in the fourth quarter. Wells Fargo & Company MN now owns 954,127 shares of the company’s stock valued at $62,122,000 after buying an additional 35,409 shares during the last quarter. Regis Management CO LLC purchased a new position in shares of Coherent during the fourth quarter valued at $1,172,000. Boston Partners increased its position in shares of Coherent by 4.9% in the fourth quarter. Boston Partners now owns 262,854 shares of the company’s stock valued at $17,114,000 after buying an additional 12,321 shares during the last quarter. Finally, Swiss National Bank increased its position in shares of Coherent by 10.7% in the fourth quarter. Swiss National Bank now owns 32,988 shares of the company’s stock valued at $2,148,000 after buying an additional 3,188 shares during the last quarter.

Coherent, Inc is a supplier of photonics-based solutions in a range of commercial and scientific research applications. The Company designs, manufactures, services and markets lasers, laser tools and related accessories for a diverse group of customers. It operates through two operating segments: Specialty Lasers and Systems (SLS) and Commercial Lasers and Components (CLC).

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