Coherent Inc. (COHR) VP Bret Dimarco Sells 953 Shares
Coherent Inc. (NASDAQ:COHR) VP Bret Dimarco sold 953 shares of the stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $109.75, for a total transaction of $104,591.75. Following the completion of the transaction, the vice president now directly owns 11,740 shares in the company, valued at $1,288,465. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Bret Dimarco also recently made the following trade(s):
- On Monday, August 1st, Bret Dimarco sold 1,039 shares of Coherent stock. The shares were sold at an average price of $106.70, for a total transaction of $110,861.30.
Shares of Coherent Inc. (NASDAQ:COHR) opened at 108.96 on Thursday. The firm has a market capitalization of $2.65 billion, a P/E ratio of 31.70 and a beta of 0.83. Coherent Inc. has a 52 week low of $52.17 and a 52 week high of $112.40. The firm’s 50-day moving average is $107.75 and its 200-day moving average is $97.68.
Coherent (NASDAQ:COHR) last posted its quarterly earnings data on Wednesday, July 27th. The company reported $1.07 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.11 by $0.04. The firm had revenue of $218.80 million for the quarter, compared to analysts’ expectations of $211.94 million. Coherent had a return on equity of 11.06% and a net margin of 10.26%. Coherent’s revenue was up 16.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.82 earnings per share. Equities analysts anticipate that Coherent Inc. will post $4.62 EPS for the current year.
Several equities analysts have recently weighed in on COHR shares. Zacks Investment Research lowered shares of Coherent from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 28th. Stifel Nicolaus raised their price target 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, Benchmark Co. lowered their price target on shares of Coherent from $115.00 to $112.00 and set a “buy” rating on the stock in a research report on Thursday, July 28th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Coherent has a consensus rating of “Buy” and a consensus price target of $104.00.
A number of institutional investors have recently bought and sold shares of COHR. Acadian Asset Management LLC purchased a new position in Coherent during the first quarter worth about $409,000. Aperio Group LLC increased its position in Coherent by 4.8% in the first quarter. Aperio Group LLC now owns 5,072 shares of the company’s stock worth $466,000 after buying an additional 233 shares in the last quarter. CIBC World Markets Inc. purchased a new position in Coherent during the first quarter worth about $404,000. Pacad Investment Ltd. purchased a new position in Coherent during the first quarter worth about $248,000. Finally, TIAA CREF Investment Management LLC increased its position in Coherent by 8.5% in the first quarter. TIAA CREF Investment Management LLC now owns 119,578 shares of the company’s stock worth $10,989,000 after buying an additional 9,342 shares in the last quarter. 92.86% of the stock is currently owned by hedge funds and other institutional investors.
Coherent Company Profile
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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