Paul F. Sechrist Sells 1,002 Shares of Coherent, Inc. (COHR) Stock

Coherent, Inc. (NASDAQ:COHR) EVP Paul F. Sechrist sold 1,002 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $288.88, for a total transaction of $289,457.76. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.

Shares of Coherent, Inc. (NASDAQ:COHR) opened at $284.20 on Thursday. The company has a debt-to-equity ratio of 0.51, a current ratio of 3.13 and a quick ratio of 2.14. The stock has a market cap of $6,998.98, a price-to-earnings ratio of 23.72 and a beta of 0.81. Coherent, Inc. has a 52 week low of $128.21 and a 52 week high of $320.73.

Coherent (NASDAQ:COHR) last posted its earnings results on Tuesday, November 7th. The scientific and technical instruments company reported $3.72 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $3.48 by $0.24. The company had revenue of $490.00 million during the quarter, compared to analysts’ expectations of $475.24 million. Coherent had a net margin of 12.02% and a return on equity of 28.53%. Coherent’s quarterly revenue was up 97.2% on a year-over-year basis. During the same period last year, the company posted $1.65 earnings per share. research analysts anticipate that Coherent, Inc. will post 15.56 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. AXA grew its stake in Coherent by 30.8% during the third quarter. AXA now owns 46,167 shares of the scientific and technical instruments company’s stock valued at $10,857,000 after acquiring an additional 10,867 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake in Coherent by 190.8% during the third quarter. Public Employees Retirement System of Ohio now owns 33,923 shares of the scientific and technical instruments company’s stock valued at $7,978,000 after acquiring an additional 22,257 shares in the last quarter. GSA Capital Partners LLP bought a new position in Coherent during the third quarter valued at $485,000. Westport Asset Management Inc. bought a new position in Coherent during the third quarter valued at $588,000. Finally, California Public Employees Retirement System lifted its position in Coherent by 5.1% during the third quarter. California Public Employees Retirement System now owns 51,821 shares of the scientific and technical instruments company’s stock valued at $12,187,000 after purchasing an additional 2,521 shares during the last quarter. 97.06% of the stock is owned by institutional investors.

COHR has been the subject of a number of research reports. ValuEngine cut shares of Coherent from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Benchmark reaffirmed a “buy” rating and set a $290.00 target price on shares of Coherent in a report on Thursday, October 12th. Northcoast Research reaffirmed a “buy” rating and set a $314.00 target price (up from $311.00) on shares of Coherent in a report on Tuesday, September 12th. Stifel Nicolaus reaffirmed a “buy” rating and set a $290.00 target price on shares of Coherent in a report on Wednesday, September 13th. Finally, Summit Redstone reaffirmed a “buy” rating and set a $320.00 target price on shares of Coherent in a report on Saturday, September 23rd. One analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Coherent has a consensus rating of “Buy” and an average price target of $309.89.

WARNING: This story was reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this story on another website, it was copied illegally and reposted in violation of US and international copyright & trademark legislation. The original version of this story can be accessed at https://www.chaffeybreeze.com/2017/12/07/paul-f-sechrist-sells-1002-shares-of-coherent-inc-cohr-stock.html.

About Coherent

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).

Insider Buying and Selling by Quarter for Coherent (NASDAQ:COHR)

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 MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply