American International Group Inc. Acquires 295 Shares of Coherent, Inc. (COHR)

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American International Group Inc. raised its holdings in Coherent, Inc. (NASDAQ:COHR) by 0.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 49,806 shares of the scientific and technical instruments company’s stock after acquiring an additional 295 shares during the quarter. American International Group Inc. owned approximately 0.20% of Coherent worth $5,265,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in COHR. Geode Capital Management LLC increased its position in shares of Coherent by 7.0% during the fourth quarter. Geode Capital Management LLC now owns 264,429 shares of the scientific and technical instruments company’s stock worth $27,952,000 after buying an additional 17,200 shares during the period. California State Teachers Retirement System boosted its stake in Coherent by 1.2% during the fourth quarter. California State Teachers Retirement System now owns 38,301 shares of the scientific and technical instruments company’s stock worth $4,049,000 after acquiring an additional 464 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Coherent by 22.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 299,361 shares of the scientific and technical instruments company’s stock worth $31,643,000 after acquiring an additional 55,778 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in Coherent by 2.9% during the fourth quarter. Great West Life Assurance Co. Can now owns 14,584 shares of the scientific and technical instruments company’s stock worth $1,432,000 after acquiring an additional 410 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Coherent by 2.2% during the fourth quarter. Northern Trust Corp now owns 198,513 shares of the scientific and technical instruments company’s stock worth $20,985,000 after acquiring an additional 4,287 shares in the last quarter. Hedge funds and other institutional investors own 96.43% of the company’s stock.

Several research analysts recently issued reports on COHR shares. Vertical Group started coverage on shares of Coherent in a research note on Tuesday, November 27th. They set a “buy” rating on the stock. Goldman Sachs Group started coverage on shares of Coherent in a research note on Monday, December 10th. They set a “neutral” rating and a $136.00 target price on the stock. BidaskClub lowered shares of Coherent from a “hold” rating to a “sell” rating in a research note on Tuesday, December 11th. Zacks Investment Research raised shares of Coherent from a “sell” rating to a “hold” rating in a research note on Tuesday, January 8th. Finally, Barclays lowered shares of Coherent from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $162.00 to $125.00 in a research note on Thursday, January 17th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and five have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $175.71.

Shares of NASDAQ COHR opened at $143.26 on Friday. The firm has a market cap of $3.31 billion, a P/E ratio of 10.99 and a beta of 1.59. Coherent, Inc. has a 12-month low of $90.10 and a 12-month high of $212.27. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.95 and a current ratio of 3.26.

Coherent (NASDAQ:COHR) last released its quarterly earnings data on Tuesday, January 29th. The scientific and technical instruments company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $2.07 by $0.02. Coherent had a net margin of 13.33% and a return on equity of 22.05%. The firm had revenue of $383.15 million for the quarter, compared to analyst estimates of $382.65 million. Equities research analysts predict that Coherent, Inc. will post 7.15 earnings per share for the current fiscal year.

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Coherent Profile

Coherent, Inc provides lasers, laser-based technologies, and laser-based system solutions for a range of scientific, commercial, and industrial applications. It operates through two segments, OEM Laser Sources and Industrial Lasers & Systems. The company designs, manufactures, markets, and services lasers, laser tools, precision optics, and related accessories; and laser measurement and control products.

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Institutional Ownership by Quarter for Coherent (NASDAQ:COHR)

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