CoherentCOHR
About: Coherent Corp engaged in materials, networking, and lasers, is a vertically integrated manufacturing company that develops, manufactures, and markets engineered materials, optoelectronic components and devices, and lasers for use in the industrial, communications, electronics and instrumentation markets. The firm operates in three segments Networking, Materials, and Lasers Segment. It generates maximum revenue from Networking segment. The company geographically operates in North America. Europe, China, Japan and Rest of the world.
Employees: 26,157
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
44% more first-time investments, than exits
New positions opened: 88 | Existing positions closed: 61
39% more call options, than puts
Call options by funds: $280M | Put options by funds: $201M
38% more funds holding in top 10
Funds holding in top 10: 16 [Q1] → 22 (+6) [Q2]
25% more capital invested
Capital invested by funds: $7.98B [Q1] → $9.94B (+$1.96B) [Q2]
6% more funds holding
Funds holding: 469 [Q1] → 496 (+27) [Q2]
3.26% more ownership
Funds ownership: 86.87% [Q1] → 90.13% (+3.26%) [Q2]
18% less repeat investments, than reductions
Existing positions increased: 150 | Existing positions reduced: 183
Research analyst outlook
15 Wall Street Analysts provided 1 year price targets over the past 3 months
15 analyst ratings
Needham James Ricchiuti 69% 1-year accuracy 66 / 95 met price target | 18%upside $120 | Buy Maintained | 14 Oct 2024 |
B of A Securities Vivek Arya 65% 1-year accuracy 26 / 40 met price target | 6%upside $108 | Buy Maintained | 4 Oct 2024 |
Benchmark Mark Miller 44% 1-year accuracy 14 / 32 met price target | 12%downside $90 | Buy Maintained | 16 Aug 2024 |
Northland Capital Markets Tim Savageaux 50% 1-year accuracy 5 / 10 met price target | 51%downside $50 | Market Perform Maintained | 16 Aug 2024 |
Craig-Hallum Richard Shannon 53% 1-year accuracy 16 / 30 met price target | 17%downside $85 | Buy Maintained | 16 Aug 2024 |
Financial journalist opinion
Based on 16 articles about COHR published over the past 30 days