Coherent Inc (COHR): John Ambroseo , Pres. and CEO of Coherent Inc sold 25,979 shares on Sep 21, 2016. The Insider selling transaction was reported by the company on Sep 22, 2016 to the Securities and Exchange Commission. The shares were sold at $110.00 per share for a total value of $2,857,690.00 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 6, 2016, Bret Dimarco (Exec VP & General Counsel) sold 1,039 shares at $106.03 per share price.On Aug 24, 2016, Mark Stewart Sobey (EVP) sold 4,042 shares at $77.30 per share price.Also, On Aug 17, 2016, Stephen A Skaggs (director) sold 500 shares at $108.60 per share price.On Aug 9, 2016, L William Krause (director) sold 1,215 shares at $106.10 per share price.
Coherent: On Tuesday, Sep 21, 2016 heightened volatility was witnessed in Coherent which led to swings in the share price. The shares opened for trading at $107.18 and hit $107.18 on the upside , eventually ending the session at $106.95, with a gain of 0.55% or 0.59 points. The heightened volatility saw the trading volume jump to 1,15,212 shares. The 52-week high of the share price is $112.0899 and the company has a market cap of $2,601 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 while Lowering the Price Target of the company shares to $ 112 from a previous price target of $115 . The Rating was issued on Jul 28, 2016.Coherent is Reiterated by Stifel to Buy and the brokerage firm has raised the Price Target to $ 120 from a previous price target of $115 .The Rating was issued on Jul 28, 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.