1.02 is Coherent Inc’s (NASDAQ:COHR) Institutional Investor Sentiment

May 18, 2018 - By Dolores Ford

Coherent, Inc. (NASDAQ:COHR) Logo

Sentiment for Coherent Inc (NASDAQ:COHR)

Coherent Inc (NASDAQ:COHR) institutional sentiment decreased to 1.02 in 2017 Q4. Its down -0.01, from 1.03 in 2017Q3. The ratio has dropped, as 157 institutional investors increased and started new holdings, while 154 reduced and sold their equity positions in Coherent Inc. The institutional investors in our partner’s database now hold: 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 holdings 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 buys, and 2 selling transactions 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 rating was maintained by Northcoast with “Buy” on Monday, February 12. Stifel Nicolaus maintained the shares of COHR in report on Thursday, February 8 with “Buy” rating. Susquehanna maintained the stock with “Buy” rating in Thursday, February 8 report. The stock of Coherent, Inc. (NASDAQ:COHR) has “Overweight” rating given on Thursday, February 8 by Barclays Capital. Barclays Capital maintained Coherent, Inc. (NASDAQ:COHR) on Wednesday, May 2 with “Overweight” rating. The firm has “Buy” rating by Needham given on Thursday, February 8. The stock has “Buy” rating by Stifel Nicolaus on Thursday, May 10.

More important recent Coherent, Inc. (NASDAQ:COHR) news were published by: Streetinsider.com which released: “Stifel Resumes Coherent (COHR) at Buy” on May 10, 2018, also Seekingalpha.com published article titled: “Coherent: Solid Results, Weak Sentiment”, Benzinga.com published: “Coherent Q2 Earnings Preview” on May 01, 2018. More interesting news about Coherent, Inc. (NASDAQ:COHR) was released by: Globenewswire.com and their article: “Consolidated Research: 2018 Summary Expectations for Virtusa, AutoZone, Healthcare Services Group, Vmware …” with publication date: May 17, 2018.

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

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