Coherent
COHR

$70.50

4.52%

Market Cap: 10.7B

About: Coherent Corp manufactures engineered materials, optoelectronic components and products used in industrial, optical communications, military, semiconductor, consumer, and life science applications. The firm operates in two segments Photonic Solutions Segment and Compound Semiconductors Segment. The Photonic Solutions Segment leverages II-VI's compound semiconductor technology platforms to deliver components and subsystems. The Compound Semiconductors Segment is a market leader in differentiated materials and devices.

Employees: 27,000

Industrials Optical Instruments & Lenses

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 17 analysts

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

114% more first-time investments, than exits

New positions opened: 109 | Existing positions closed: 51

78% more funds holding in top 10

Funds holding in top 10: 9 [Q4 2023] → 16 (+7) [Q1 2024]

56% more call options, than puts

Call options by funds: $307M | Put options by funds: $197M

38% more capital invested

Capital invested by funds: $5.74B [Q4 2023] → $7.9B (+$2.16B) [Q1 2024]

14% more funds holding

Funds holding: 402 [Q4 2023] → 460 (+58) [Q1 2024]

1.04% less ownership

Funds ownership: 87.06% [Q4 2023] → 86.02% (-1.04%) [Q1 2024]

20% less repeat investments, than reductions

Existing positions increased: 128 | Existing positions reduced: 160

See Fund Rankings

Research analyst outlook

17 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$52

26%

downside

Avg. target

$67

6%

downside

High target

$90

28%

upside

17 analyst ratings

13 positive

76%

4 neutral

24%

0 negative

0%

Susquehanna Mehdi Hosseini	28%upside $90	Neutral Maintained	17 Jul 2024
Needham James Ricchiuti	2%upside $72	Buy Reiterated	3 Jun 2024
Stifel Ruben Roy	4%downside $68	Buy Maintained	15 May 2024
Needham James Ricchiuti	2%upside $72	Buy Reiterated	7 May 2024
Benchmark Mark Miller	8%downside $65	Buy Reiterated	7 May 2024

See Analyst Rankings

Financial journalist opinion

Coherent Corp. Reaches Milestone in Thirty Meter Telescope (TMT) Project

PITTSBURGH, July 25, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a key partner in the development of the Thirty Meter Telescope (TMT), is proud to announce the completion of its 100th polished mirror segment. This significant milestone was celebrated with a visit from TMT representatives, who commended Coherent for its outstanding contribution to the project and highlighted the performance expectations of the TMT's primary mirror.

Coherent Corp. Reaches Milestone in Thirty Meter Telescope (TMT) Project

The Motley Fool

Forget Nvidia: Prominent Billionaires Are Selling It in Favor of These 7 Top-Notch Stocks

Artificial intelligence (AI) has the potential to add nearly $16 trillion to the global economy by the turn of the decade. Eight top-tier billionaires sent shares of Nvidia to the chopping block in the March-ended quarter.

Forget Nvidia: Prominent Billionaires Are Selling It in Favor of These 7 Top-Notch Stocks

Investors Business Daily

7 Best Stocks For Magnificent Earnings Growth Next Year

None of our picks is Nvidia or Apple or Tesla. Investors may wish to widen the aperture to find the best stocks for outsize earnings growth.

7 Best Stocks For Magnificent Earnings Growth Next Year

Investors Business Daily

7 Best Stocks For Magnificent Earnings Growth Next Year

None of our picks is Nvidia or Apple or Tesla. Investors may wish to widen the aperture to find the best stocks for outsize earnings growth.

7 Best Stocks For Magnificent Earnings Growth Next Year

Coherent Reaches a Manufacturing Milestone: 300 Million Transceivers Shipped From Ipoh, Malaysia, Facility

PITTSBURGH, June 12, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (NYSE: COHR), a global leader in materials, networking, and lasers, proudly announces the shipment of its 300-millionth optical transceiver from its manufacturing facility in Ipoh, Malaysia. This significant milestone underscores the scale, resiliency, and flexibility of Coherent supply chain solutions for customers.

Coherent Reaches a Manufacturing Milestone: 300 Million Transceivers Shipped From Ipoh, Malaysia, Facility

The Motley Fool

Why EV Chip Stocks Axcelis Technologies, Coherent, and Aehr Test Systems Rallied This Week

Both GM and Ford reported blockbuster EV sales in May. It's a positive surprise, given the downturn in EVs since mid-2023.

Why EV Chip Stocks Axcelis Technologies, Coherent, and Aehr Test Systems Rallied This Week

Will Coherent Stock Rebound To Levels Of Around $100 Seen In 2021?

The stock price of Coherent Inc. (NYSE: COHR), a semiconductor company, trades at $70 per share, about 30% below its peak level of $100 seen in February 2021. In contrast, Lattice Semiconductor (NASDAQ: LSCC) stock saw a 15% decline.

Will Coherent Stock Rebound To Levels Of Around $100 Seen In 2021?

Lattice Semiconductor Plunges as CEO Departs For Coherent, Whose Stock Soars

A pair of electronics manufacturers saw their stocks make big moves Monday as Lattice Semiconductor (LSCC) shares fell nearly 16% on news that Chief Executive Officer Jim Anderson left to take the same job at Coherent Corp. (COHR), whose shares jumped 23%.

Lattice Semiconductor Plunges as CEO Departs For Coherent, Whose Stock Soars

The Motley Fool

Why Coherent Stock Exploded 20% Higher on Monday

Coherent stock has performed well over the past year -- but not nearly as well as Lattice Semiconductor stock. Lattice is losing the CEO who led it to incredible heights, and Coherent is poaching him.

Why Coherent Stock Exploded 20% Higher on Monday

Coherent Appoints Jim Anderson as Chief Executive Officer

PITTSBURGH, June 03, 2024 (GLOBE NEWSWIRE) -- Coherent Corp. (the “Company” or “Coherent”) (NYSE: COHR), a global leader in materials, networking, and lasers, today announced that following a comprehensive search, its Board of Directors has appointed Jim Anderson, an established industry executive with a proven track record of driving innovation and leading business transformations, as the Company's new Chief Executive Officer, effective today. Mr. Anderson also joins the Company's Board of Directors.

Coherent Appoints Jim Anderson as Chief Executive Officer

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