USA Financial Portformulas Corp Sells 1,399 Shares of Coherent, Inc. (COHR)

USA Financial Portformulas Corp lowered its position in shares of Coherent, Inc. (NASDAQ:COHR) by 25.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,189 shares of the scientific and technical instruments company’s stock after selling 1,399 shares during the quarter. USA Financial Portformulas Corp’s holdings in Coherent were worth $942,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in COHR. UBS Asset Management Americas Inc. lifted its position in Coherent by 18.2% during the first quarter. UBS Asset Management Americas Inc. now owns 13,362 shares of the scientific and technical instruments company’s stock valued at $2,748,000 after buying an additional 2,058 shares during the period. SG Americas Securities LLC lifted its position in Coherent by 262.6% during the first quarter. SG Americas Securities LLC now owns 3,115 shares of the scientific and technical instruments company’s stock valued at $641,000 after buying an additional 2,256 shares during the period. Asset Management One Co. Ltd. purchased a new position in Coherent during the first quarter valued at $170,000. Credit Agricole S A purchased a new position in Coherent during the first quarter valued at $723,000. Finally, FMR LLC lifted its position in Coherent by 124.3% during the first quarter. FMR LLC now owns 401,039 shares of the scientific and technical instruments company’s stock valued at $82,470,000 after buying an additional 222,239 shares during the period. 90.21% of the stock is owned by institutional investors and hedge funds.

In related news, CEO John Ambroseo sold 25,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $250.00, for a total transaction of $6,250,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen A. Skaggs sold 500 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $217.58, for a total value of $108,790.00. Following the sale, the director now owns 11,500 shares of the company’s stock, valued at $2,502,170. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “USA Financial Portformulas Corp Sells 1,399 Shares of Coherent, Inc. (COHR)” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/17/usa-financial-portformulas-corp-sells-1399-shares-of-coherent-inc-cohr.html.

Several equities analysts have commented on the company. Benchmark Co. reissued a “buy” rating and set a $290.00 price objective (down previously from $295.00) on shares of Coherent in a research report on Tuesday, August 8th. Barclays PLC assumed coverage on Coherent in a research report on Monday, August 7th. They set an “overweight” rating and a $285.00 price objective for the company. UBS AG raised Coherent from a “neutral” rating to a “positive” rating in a research report on Thursday, August 3rd. Zacks Investment Research lowered Coherent from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Finally, Susquehanna Bancshares Inc raised Coherent from a “neutral” rating to a “positive” rating and raised their price objective for the company from $255.00 to $275.00 in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Coherent currently has a consensus rating of “Buy” and a consensus price target of $293.22.

Coherent, Inc. (NASDAQ:COHR) traded up 0.570% during trading on Tuesday, hitting $255.328. The stock had a trading volume of 71,426 shares. Coherent, Inc. has a 52-week low of $100.01 and a 52-week high of $281.00. The stock has a market capitalization of $6.29 billion, a PE ratio of 38.441 and a beta of 0.78. The stock’s 50-day moving average is $243.88 and its 200-day moving average is $235.78.

Coherent (NASDAQ:COHR) last issued its quarterly earnings data on Tuesday, August 1st. The scientific and technical instruments company reported $3.36 earnings per share for the quarter, missing analysts’ consensus estimates of $3.45 by ($0.09). The company had revenue of $464.10 million for the quarter, compared to analysts’ expectations of $466.90 million. Coherent had a return on equity of 24.98% and a net margin of 11.08%. The company’s revenue for the quarter was up 112.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.07 earnings per share. On average, analysts predict t

A number of other institutional investors have also recently made changes to their positions in COHR. UBS Asset Management Americas Inc. lifted its position in Coherent by 18.2% during the first quarter. UBS Asset Management Americas Inc. now owns 13,362 shares of the scientific and technical instruments company’s stock valued at $2,748,000 after buying an additional 2,058 shares during the period. SG Americas Securities LLC lifted its position in Coherent by 262.6% during the first quarter. SG Americas Securities LLC now owns 3,115 shares of the scientific and technical instruments company’s stock valued at $641,000 after buying an additional 2,256 shares during the period. Asset Management One Co. Ltd. purchased a new position in Coherent during the first quarter valued at $170,000. Credit Agricole S A purchased a new position in Coherent during the first quarter valued at $723,000. Finally, FMR LLC lifted its position in Coherent by 124.3% during the first quarter. FMR LLC now owns 401,039 shares of the scientific and technical instruments company’s stock valued at $82,470,000 after buying an additional 222,239 shares during the period. 90.21% of the stock is owned by institutional investors and hedge funds.

In related news, CEO John Ambroseo sold 25,000 shares of the company’s stock in a transaction on Tuesday, September 12th. The stock was sold at an average price of $250.00, for a total transaction of $6,250,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Stephen A. Skaggs sold 500 shares of the company’s stock in a transaction on Monday, August 14th. The stock was sold at an average price of $217.58, for a total value of $108,790.00. Following the sale, the director now owns 11,500 shares of the company’s stock, valued at $2,502,170. The disclosure for this sale can be found here. Corporate insiders own 1.40% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “USA Financial Portformulas Corp Sells 1,399 Shares of Coherent, Inc. (COHR)” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece on another domain, it was stolen and reposted in violation of United States & international copyright and trademark legislation. The original version of this piece can be accessed at https://ledgergazette.com/2017/10/17/usa-financial-portformulas-corp-sells-1399-shares-of-coherent-inc-cohr.html.

Several equities analysts have commented on the company. Benchmark Co. reissued a “buy” rating and set a $290.00 price objective (down previously from $295.00) on shares of Coherent in a research report on Tuesday, August 8th. Barclays PLC assumed coverage on Coherent in a research report on Monday, August 7th. They set an “overweight” rating and a $285.00 price objective for the company. UBS AG raised Coherent from a “neutral” rating to a “positive” rating in a research report on Thursday, August 3rd. Zacks Investment Research lowered Coherent from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Finally, Susquehanna Bancshares Inc raised Coherent from a “neutral” rating to a “positive” rating and raised their price objective for the company from $255.00 to $275.00 in a research report on Thursday, August 3rd. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. Coherent currently has a consensus rating of “Buy” and a consensus price target of $293.22.

Coherent, Inc. (NASDAQ:COHR) traded up 0.570% during trading on Tuesday, hitting $255.328. The stock had a trading volume of 71,426 shares. Coherent, Inc. has a 52-week low of $100.01 and a 52-week high of $281.00. The stock has a market capitalization of $6.29 billion, a PE ratio of 38.441 and a beta of 0.78. The stock’s 50-day moving average is $243.88 and its 200-day moving average is $235.78.

Coherent (NASDAQ:COHR) last issued its quarterly earnings data on Tuesday, August 1st. The scientific and technical instruments company reported $3.36 earnings per share for the quarter, missing analysts’ consensus estimates of $3.45 by ($0.09). The company had revenue of $464.10 million for the quarter, compared to analysts’ expectations of $466.90 million. Coherent had a return on equity of 24.98% and a net margin of 11.08%. The company’s revenue for the quarter was up 112.1% compared to the same quarter last year. During the same quarter last year, the company earned $1.07 earnings per share. On average, analysts predict that Coherent, Inc. will post $12.28 earnings per share for the current fiscal year.

Coherent Profile

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).

Want to see what other hedge funds are holding COHR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coherent, Inc. (NASDAQ:COHR).

Institutional Ownership 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.

Leave a Reply