Coherent Inc (COHR): Luis Spinelli , Exec VP, CTO of Coherent Inc sold 3,027 shares on May 17, 2016. The Insider selling transaction was reported by the company on May 19, 2016 to the Securities and Exchange Commission. The shares were sold at $84.96 per share for a total value of $257,004.09 , 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 18, 2016, L William Krause (director) sold 2,000 shares at $86.39 per share price.On Mar 22, 2016, Paul F Sechrist (EVP Worldwide Sales & Services) sold 19,000 shares at $90.00 per share price.Also, On Feb 10, 2016, Luis Spinelli (Exec VP, CTO) sold 2,451 shares at $77.55 per share price.On Mar 24, 2015, Mark Stewart Sobey (EVP) sold 2,183 shares at $67.50 per share price.
Shares of Coherent (COHR) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -0.18 points or -0.21% at $85.38 with 1,67,933 shares getting traded. Post opening the session at $85.2, the shares hit an intraday low of $85.0001 and an intraday high of $86.07 and the price vacillated in this range throughout the day. The company has a market cap of $2,074,051 M and the number of outstanding shares has been calculated to be 24,29,20,00,000 shares. The 52-week high of Coherent is $99.82 and the 52-week low is $52.15.
Company has been under the radar of several Street Analysts.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.