COHR stock icon

Coherent
COHR

$70.43
5.29%
 

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

0
Funds holding %
of 6,689 funds
0
Analysts bullish %
of 20 analysts
0
News positive %
of 9 articles

Fund manager confidence

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

102% more first-time investments, than exits

New positions opened: 107 | Existing positions closed: 53

78% more funds holding in top 10

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

73% more call options, than puts

Call options by funds: $259M | Put options by funds: $150M

37% more capital invested

Capital invested by funds: $5.74B [Q4 2023] → $7.89B (+$2.15B) [Q1 2024]

13% more funds holding

Funds holding: 403 [Q4 2023] → 457 (+54) [Q1 2024]

1.09% less ownership

Funds ownership: 87.06% [Q4 2023] → 85.98% (-1.09%) [Q1 2024]

21% less repeat investments, than reductions

Existing positions increased: 127 | Existing positions reduced: 160

Research analyst outlook

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

Low target
$45
36%
downside
Avg. target
$63
11%
downside
High target
$76
8%
upside

20 analyst ratings

16 positive
80%
neutral
20%
negative
0%
Needham
James Ricchiuti
2%upside
$72
Buy
Reiterated
3 Jun 2024
Stifel
Ruben Roy
3%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
Susquehanna
Mehdi Hosseini
22%downside
$55
Neutral
Maintained
8 Apr 2024

Financial journalist opinion

Based on 9 articles about COHR published over the past 30 days