Coherent Inc (NASDAQ:COHR) Institutional Investors Q3 2017 Sentiment

January 20, 2018 - By Adrian Mccoy

 Coherent Inc (NASDAQ:COHR) Institutional Investors  Q3 2017 Sentiment

Sentiment for Coherent Inc (NASDAQ:COHR)

Coherent Inc (NASDAQ:COHR) institutional sentiment decreased to 1.03 in Q3 2017. Its down -0.08, from 1.11 in 2017Q2. The ratio worsened, as 157 investment managers opened new or increased holdings, while 153 reduced and sold equity positions in Coherent Inc. The investment managers in our partner’s database now have: 23.23 million shares, up from 22.28 million shares in 2017Q2. Also, the number of investment managers holding Coherent Inc in their top 10 holdings decreased from 12 to 10 for a decrease of 2. Sold All: 40 Reduced: 113 Increased: 101 New Position: 56.

Coherent, Inc. provides lasers and laser technology in a range of scientific, commercial, and industrial applications worldwide. The company has market cap of $7.90 billion. It operates through two divisions, Specialty Lasers and Systems, and Commercial Lasers and Components. It has a 38.08 P/E ratio. The firm designs, makes, services, and markets lasers, laser tools, precision optics, and related accessories.

The stock decreased 0.52% or $1.66 during the last trading session, reaching $318.35. About 245,337 shares traded. Coherent, Inc. (NASDAQ:COHR) has risen 187.82% since January 20, 2017 and is uptrending. It has outperformed by 171.12% the S&P500.

Analysts await Coherent, Inc. (NASDAQ:COHR) to report earnings on February, 6. They expect $3.54 earnings per share, up 58.04 % or $1.30 from last year’s $2.24 per share. COHR’s profit will be $87.86M for 22.48 P/E if the $3.54 EPS becomes a reality. After $3.58 actual earnings per share reported by Coherent, Inc. for the previous quarter, Wall Street now forecasts -1.12 % negative EPS growth.

Central Securities Corp holds 14.3% of its portfolio in Coherent, Inc. for 355,000 shares. Westwood Management Corp Il owns 234,200 shares or 8.24% of their US portfolio. Moreover, Telemark Asset Management Llc has 5.8% invested in the company for 120,000 shares. The Wisconsin-based Skylands Capital Llc has invested 5.03% in the stock. Shellback Capital Lp, a Massachusetts-based fund reported 171,888 shares.#img1#

Since January 1, 0001, it had 0 insider buys, and 3 sales for $6.77 million activity.

Coherent, Inc. (NASDAQ:COHR) Ratings Coverage

Ratings analysis reveals 100% of Coherent’s analysts are positive. Out of 7 Wall Street analysts rating Coherent, 7 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $72 while the high is $330. The stock’s average target of $302.50 is -4.98% below today’s ($318.35) share price. COHR was included in 24 notes of analysts from August 3, 2015. As per Friday, January 29, the company rating was maintained by Needham. Needham maintained the stock with “Buy” rating in Thursday, November 3 report. Susquehanna initiated Coherent, Inc. (NASDAQ:COHR) on Wednesday, February 15 with “Neutral” rating. Benchmark maintained it with “Buy” rating and $27500 target in Monday, June 12 report. The rating was maintained by Stifel Nicolaus on Monday, January 9 with “Buy”. The firm has “Buy” rating by Benchmark given on Thursday, November 10. The firm has “Buy” rating given on Tuesday, January 3 by Stifel Nicolaus. Needham maintained Coherent, Inc. (NASDAQ:COHR) on Wednesday, November 8 with “Buy” rating. Barclays Capital initiated Coherent, Inc. (NASDAQ:COHR) on Monday, August 7 with “Buy” rating. Barclays Capital maintained it with “Overweight” rating and $315 target in Wednesday, November 8 report.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.