TD Asset Management Inc. Has $30.77 Million Stake in Coherent, Inc. (COHR)

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TD Asset Management Inc. reduced its position in shares of Coherent, Inc. (NASDAQ:COHR) by 1.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 217,083 shares of the scientific and technical instruments company’s stock after selling 3,970 shares during the period. TD Asset Management Inc.’s holdings in Coherent were worth $30,765,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of COHR. AlphaOne Investment Services LLC lifted its holdings in Coherent by 54.9% in the fourth quarter. AlphaOne Investment Services LLC now owns 395 shares of the scientific and technical instruments company’s stock worth $42,000 after buying an additional 140 shares during the period. First Mercantile Trust Co. purchased a new stake in Coherent in the first quarter worth about $64,000. AdvisorNet Financial Inc lifted its holdings in Coherent by 40.7% in the fourth quarter. AdvisorNet Financial Inc now owns 1,075 shares of the scientific and technical instruments company’s stock worth $114,000 after buying an additional 311 shares during the period. NEXT Financial Group Inc purchased a new stake in Coherent in the fourth quarter worth about $173,000. Finally, Connable Office Inc. purchased a new stake in Coherent in the first quarter worth about $254,000. Institutional investors own 96.43% of the company’s stock.

Several brokerages have commented on COHR. BidaskClub lowered shares of Coherent from a “hold” rating to a “sell” rating in a report on Wednesday. Zacks Investment Research lowered shares of Coherent from a “hold” rating to a “strong sell” rating in a report on Monday, May 6th. Stifel Nicolaus raised their target price on shares of Coherent from $165.00 to $174.00 and gave the company a “buy” rating in a research note on Wednesday, May 1st. Susquehanna Bancshares downgraded shares of Coherent from a “positive” rating to a “neutral” rating and set a $140.00 target price for the company. in a research note on Monday, April 29th. Finally, TheStreet raised shares of Coherent from a “c+” rating to a “b-” rating in a research note on Thursday, March 21st. Three research analysts have rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $169.88.

Shares of NASDAQ COHR traded up $4.24 on Friday, reaching $114.79. 7,063 shares of the company’s stock traded hands, compared to its average volume of 381,644. Coherent, Inc. has a 12 month low of $90.10 and a 12 month high of $192.37. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 8.79 and a beta of 1.58. The company has a debt-to-equity ratio of 0.31, a quick ratio of 2.03 and a current ratio of 3.36.

Coherent (NASDAQ:COHR) last announced its earnings results on Tuesday, April 30th. The scientific and technical instruments company reported $1.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.31 by ($0.01). Coherent had a net margin of 11.56% and a return on equity of 17.88%. The business had revenue of $372.90 million for the quarter, compared to the consensus estimate of $369.11 million. During the same period in the prior year, the business posted $3.37 EPS. Coherent’s revenue for the quarter was down 22.5% on a year-over-year basis. On average, analysts forecast that Coherent, Inc. will post 6.1 earnings per share for the current fiscal year.

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Coherent Company 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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