Institutional Investors Lead Shift in Coherent Inc (NASDAQ:COHR) Sentiment

May 18, 2018 - By Ruby Caswell

Coherent, Inc. (NASDAQ:COHR) Logo

Sentiment for Coherent Inc (NASDAQ:COHR)

Coherent Inc (NASDAQ:COHR) institutional sentiment decreased to 1.02 in Q4 2017. Its down -0.01, from 1.03 in 2017Q3. The ratio dived, as 157 institutional investors increased or started new equity positions, while 154 sold and decreased stakes in Coherent Inc. The institutional investors in our partner’s database reported: 22.70 million shares, down from 23.23 million shares in 2017Q3. Also, the number of institutional investors holding Coherent Inc in their top 10 equity positions decreased from 10 to 7 for a decrease of 3. Sold All: 43 Reduced: 111 Increased: 97 New Position: 60.

Coherent, Inc. provides lasers and laser technology in a range of scientific, commercial, and industrial applications worldwide. The company has market cap of $4.33 billion. It operates through two divisions, Specialty Lasers and Systems, and Commercial Lasers and Components. It has a 19.8 P/E ratio. The firm designs, makes, services, and markets lasers, laser tools, precision optics, and related accessories.

The stock decreased 2.37% or $4.225 during the last trading session, reaching $173.885. About 37,659 shares traded. Coherent, Inc. (NASDAQ:COHR) has declined 7.45% since May 18, 2017 and is downtrending. It has underperformed by 19.00% the S&P500.

Analysts await Coherent, Inc. (NASDAQ:COHR) to report earnings on August, 7. They expect $3.60 earnings per share, up 7.14 % or $0.24 from last year’s $3.36 per share. COHR’s profit will be $89.54 million for 12.08 P/E if the $3.60 EPS becomes a reality. After $3.37 actual earnings per share reported by Coherent, Inc. for the previous quarter, Wall Street now forecasts 6.82 % EPS growth.

Central Securities Corp holds 15.39% of its portfolio in Coherent, Inc. for 340,400 shares. Westwood Management Corp Il owns 235,800 shares or 9.3% of their US portfolio. Moreover, Telemark Asset Management Llc has 6.64% invested in the company for 120,000 shares. The Wisconsin-based Skylands Capital Llc has invested 5.4% in the stock. Hood River Capital Management Llc, a Oregon-based fund reported 192,291 shares.

Since January 1, 0001, it had 0 insider purchases, and 2 sales for $517,735 activity.

Coherent, Inc. (NASDAQ:COHR) Ratings Coverage

Ratings analysis reveals 100% of Coherent’s analysts are positive. Out of 5 Wall Street analysts rating Coherent, 5 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $218 while the high is $325. The stock’s average target of $276.80 is 59.19% above today’s ($173.885) share price. COHR was included in 7 notes of analysts from February 8, 2018. The stock of Coherent, Inc. (NASDAQ:COHR) earned “Buy” rating by Stifel Nicolaus on Thursday, May 10. Northcoast maintained the stock with “Buy” rating in Monday, February 12 report. Barclays Capital maintained the shares of COHR in report on Wednesday, May 2 with “Overweight” rating. The firm earned “Buy” rating on Thursday, February 8 by Susquehanna. Stifel Nicolaus maintained Coherent, Inc. (NASDAQ:COHR) on Thursday, February 8 with “Buy” rating. Needham maintained Coherent, Inc. (NASDAQ:COHR) on Thursday, February 8 with “Buy” rating. The stock has “Overweight” rating by Barclays Capital on Thursday, February 8.

More important recent Coherent, Inc. (NASDAQ:COHR) news were published by: Globenewswire.com which released: “Consolidated Research: 2018 Summary Expectations for Virtusa, AutoZone, Healthcare Services Group, Vmware …” on May 17, 2018, also Benzinga.com published article titled: “Coherent Q2 Earnings Preview”, Streetinsider.com published: “Stifel Resumes Coherent (COHR) at Buy” on May 10, 2018. More interesting news about Coherent, Inc. (NASDAQ:COHR) was released by: Seekingalpha.com and their article: “Coherent: Solid Results, Weak Sentiment” with publication date: May 09, 2018.

Coherent, Inc. (NASDAQ:COHR) Institutional Positions Chart

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