Coherent Inc (COHR): L William Krause , director of Coherent Inc sold 7,700 shares on May 20, 2016. The Insider selling transaction was reported by the company on May 24, 2016 to the Securities and Exchange Commission. The shares were sold at $89.07 per share for a total value of $681,823.38 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on May 19, 2016, Luis Spinelli (Exec VP, CTO) sold 3,027 shares at $84.96 per share price.On May 18, 2016, L William Krause (director) sold 2,000 shares at $86.39 per share price.Also, On Mar 22, 2016, Paul F Sechrist (EVP Worldwide Sales & Services) sold 19,000 shares at $90.00 per share price.On Mar 24, 2015, Mark Stewart Sobey (EVP) sold 2,183 shares at $67.50 per share price.
Coherent: On Friday, May 20, 2016 heightened volatility was witnessed in Coherent which led to swings in the share price. The shares opened for trading at $85.64 and hit $87.69 on the upside , eventually ending the session at $87.47, with a gain of 2.45% or 2.09 points. The heightened volatility saw the trading volume jump to 2,36,944 shares. The 52-week high of the share price is $99.82 and the company has a market cap of $2,124,821 M . The 52-week low of the share price is at $52.15.
Company has been under the radar of several Street Analysts.Coherent is Reiterated by The Benchmark Company to Buy and the brokerage firm has raised the Price Target to $ 115 from a previous price target of $110 .The Rating was issued on May 23, 2016.Coherent is Reiterated by Needham to Buy and the brokerage firm has raised the Price Target to $ 95 from a previous price target of $85 .The Rating was issued on Mar 17, 2016.Coherent is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 100 from a previous price target of $82 .The Rating was issued on Mar 7, 2016.
Coherent Inc. is a supplier of photonics-based solutions for a range of commercial and scientific research applications. The Company designs manufactures services and markets lasers and related accessories to customers. The Company operates in two segments: Specialty Lasers and Systems (SLS) and Commercial Lasers and Components (CLC). The SLS segment develops and manufactures configurable products serving the microelectronics scientific research and government programs and original equipment manufacturer (OEM) components and instrumentation markets. The CLC segments primary markets include materials processing OEM components and instrumentation and microelectronics.