Shares of Coherent Inc. (NASDAQ:COHR) reached a new 52-week high on Wednesday . The company traded as high as $99.85 and last traded at $99.65, with a volume of 294,531 shares traded. The stock had previously closed at $95.74.

A number of analysts have weighed in on the company. Benchmark Co. increased their target price on Coherent from $110.00 to $115.00 and gave the stock a “buy” rating in a research note on Monday, May 23rd. Stifel Nicolaus increased their price target on Coherent from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday. Needham & Company LLC reissued a “buy” rating on shares of Coherent in a research report on Tuesday, May 17th. Finally, Zacks Investment Research downgraded Coherent from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $97.40.

The firm’s 50 day moving average price is $93.35 and its 200 day moving average price is $86.91. The company has a market cap of $2.53 billion and a P/E ratio of 32.58.

Coherent (NASDAQ:COHR) last released its quarterly earnings data on Wednesday, July 27th. The company reported $1.07 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.11 by $0.04. The business earned $218.80 million during the quarter, compared to the consensus estimate of $211.94 million. During the same quarter in the prior year, the business earned $0.82 earnings per share. The business’s revenue was up 16.1% compared to the same quarter last year. On average, analysts expect that Coherent Inc. will post $4.54 EPS for the current year.

In other Coherent news, Director L William Krause sold 1,800 shares of Coherent stock in a transaction on Tuesday, May 10th. The stock was sold at an average price of $88.15, for a total value of $158,670.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, VP Luis Spinelli sold 3,027 shares of Coherent stock in a transaction on Wednesday, May 18th. The shares were sold at an average price of $84.90, for a total value of $256,992.30. Following the completion of the sale, the vice president now owns 9,127 shares in the company, valued at approximately $774,882.30. The disclosure for this sale can be found here.

A number of large investors have bought and sold shares of the stock. Dimensional Fund Advisors LP increased its stake in Coherent by 4.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,405,606 shares of the company’s stock worth $91,520,000 after buying an additional 54,494 shares in the last quarter. US Bancorp DE increased its stake in Coherent by 13.5% in the fourth quarter. US Bancorp DE now owns 22,380 shares of the company’s stock worth $1,458,000 after buying an additional 2,664 shares in the last quarter. Regis Management CO LLC acquired a new stake in Coherent during the fourth quarter worth approximately $1,172,000. Principal Financial Group Inc. increased its stake in Coherent by 1.6% in the fourth quarter. Principal Financial Group Inc. now owns 163,935 shares of the company’s stock worth $10,674,000 after buying an additional 2,577 shares in the last quarter. Finally, Wells Fargo & Company MN increased its stake in Coherent by 3.9% in the fourth quarter. Wells Fargo & Company MN now owns 954,127 shares of the company’s stock worth $62,122,000 after buying an additional 35,409 shares in 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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