The Coherent, Inc. (COHR) Shares Bought by LS Investment Advisors LLC

The Coherent, Inc. (COHR) Shares Bought by LS Investment Advisors LLC

A number of other institutional investors have also recently modified their holdings of COHR. Johnson Financial Group Inc. increased its position in shares of Coherent by 15.8% in the fourth quarter. Johnson Financial Group Inc. now owns 733 shares of the scientific and technical instruments company’s stock worth $101,000 after buying an additional 100 shares during the last quarter. Flinton Capital Management LLC purchased a new position in shares of Coherent during the fourth quarter worth $105,000. Bank of Montreal Can increased its position in shares of Coherent by 11.4% in the first quarter. Bank of Montreal Can now owns 812 shares of the scientific and technical instruments company’s stock worth $167,000 after buying an additional 83 shares during the last quarter. Creative Planning increased its position in shares of Coherent by 27.6% in the first quarter. Creative Planning now owns 1,115 shares of the scientific and technical instruments company’s stock worth $229,000 after buying an additional 241 shares during the last quarter. Finally, Peregrine Asset Advisers Inc. purchased a new position in shares of Coherent during the fourth quarter worth $206,000. Institutional investors and hedge funds own 93.52% of the company’s stock.

LS Investment Advisors LLC boosted its position in Coherent, Inc. (NASDAQ:COHR) by 115.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,983 shares of the scientific and technical instruments company’s stock after buying an additional 1,064 shares during the period. LS Investment Advisors LLC’s holdings in Coherent were worth $408,000 as of its most recent SEC filing.

Coherent, Inc. (NASDAQ COHR) opened at 255.83 on Monday. The company has a market cap of $6.30 billion, a PE ratio of 51.84 and a beta of 0.80. The stock has a 50 day moving average of $230.61 and a 200-day moving average of $180.44. Coherent, Inc. has a 12-month low of $86.32 and a 12-month high of $260.99.

Several research firms have commented on COHR. Zacks Investment Research upgraded shares of Coherent from a “hold” rating to a “strong-buy” rating and set a $286.00 price objective on the stock in a report on Monday, May 15th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $240.00 price objective (up from $225.00) on shares of Coherent in a report on Wednesday, May 10th. Needham & Company LLC upped their price target on shares of Coherent from $215.00 to $265.00 and gave the company a “buy” rating in a research note on Wednesday, May 10th. Stifel Nicolaus upped their price target on shares of Coherent from $220.00 to $270.00 and gave the company a “buy” rating in a research note on Wednesday, May 10th. Finally, Benchmark Co. restated a “buy” rating on shares of Coherent in a research note on Wednesday, May 10th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $225.17. In other news, CEO John Ambroseo sold 24,970 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $248.08, for a total value of $6,194,557.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Mark Stewart Sobey sold 4,904 shares of the firm’s stock in a transaction that occurred on Wednesday, May 24th. The stock was sold at an average price of $243.02, for a total value of $1,191,770.08. Following the sale, the executive vice president now directly owns 12,397 shares of the company’s stock, valued at $3,012,718.94. The disclosure for this sale can be found here. Insiders have sold a total of 37,777 shares of company stock valued at $9,320,878 in the last 90 days. 1.40% of the stock is currently owned by company insiders.

Coherent Company 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).new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:COHR”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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