Coherent Inc. (NASDAQ:COHR)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $108.70 and last traded at $108.36, with a volume of 402,144 shares traded. The stock had previously closed at $105.47.

Several equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Coherent from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Benchmark Co. increased their target price on shares of Coherent from $110.00 to $115.00 and gave the stock a “buy” rating in a research report on Monday, May 23rd. Stifel Nicolaus increased their target price on shares of Coherent from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Thursday, July 28th. Finally, Needham & Company LLC reissued a “buy” rating on shares of Coherent in a research report on Tuesday, May 17th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $104.00.

The stock’s 50 day moving average price is $96.09 and its 200-day moving average price is $89.79. The stock has a market capitalization of $2.62 billion and a P/E ratio of 31.53.

Coherent (NASDAQ:COHR) last announced its quarterly earnings results on Wednesday, July 27th. The company reported $1.07 earnings per share for the quarter, missing analysts’ consensus estimates of $1.11 by $0.04. The firm had revenue of $218.80 million for the quarter, compared to the consensus estimate of $211.94 million. The firm’s quarterly revenue was up 16.1% on a year-over-year basis. During the same quarter last year, the company posted $0.82 earnings per share. On average, equities analysts predict that Coherent Inc. will post $4.62 EPS for the current fiscal year.

In other news, Director Susan M. James sold 5,000 shares of Coherent stock in a transaction on Monday, August 1st. The shares were sold at an average price of $106.75, for a total transaction of $533,750.00. Following the transaction, the director now directly owns 5,220 shares of the company’s stock, valued at $557,235. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director L William Krause sold 2,000 shares of the business’s stock in a transaction on Monday, May 16th. The shares were sold at an average price of $86.39, for a total transaction of $172,780.00. The disclosure for this sale can be found here.

Other large investors recently bought and sold shares of the company. Nationwide Fund Advisors boosted its stake in Coherent by 0.9% in the fourth quarter. Nationwide Fund Advisors now owns 18,112 shares of the company’s stock valued at $1,179,000 after buying an additional 169 shares in the last quarter. US Bancorp DE boosted its stake in Coherent by 13.5% in the fourth quarter. US Bancorp DE now owns 22,380 shares of the company’s stock valued at $1,458,000 after buying an additional 2,664 shares in the last quarter. Swiss National Bank boosted its stake in 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 in the last quarter. Rhumbline Advisers boosted its stake in Coherent by 1.8% in the fourth quarter. Rhumbline Advisers now owns 40,209 shares of the company’s stock valued at $2,618,000 after buying an additional 725 shares in the last quarter. Finally, Principal Financial Group Inc. boosted 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 valued at $10,674,000 after buying an additional 2,577 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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