Coherent (COHR) : Syntal Capital Partners added new position in Coherent during the most recent quarter end. The investment management firm now holds 3,133 shares of Coherent which is valued at $395,761 , the company said in a statement filed on Nov 14, 2016 with the SEC.Coherent makes up approximately 0.40% of Syntal Capital Partners’s portfolio.
Other Hedge Funds, Including , Brant Point Investment Management added COHR to its portfolio by purchasing 25,000 company shares during the most recent quarter which is valued at $3,158,000. Coherent makes up approx 0.57% of Brant Point Investment Management’s portfolio. Tfs Capital sold out all of its stake in COHR during the most recent quarter. The investment firm sold 3,716 shares of COHR which is valued $448,521.Ifp Advisors Inc boosted its stake in COHR in the latest quarter, The investment management firm added 116 additional shares and now holds a total of 147 shares of Coherent which is valued at $16,993.
Coherent opened for trading at $129.26 and hit $130.94 on the upside on Monday, eventually ending the session at $130.86, with a gain of 1.36% or 1.76 points. The heightened volatility saw the trading volume jump to 1,32,755 shares. Company has a market cap of $3,183 M.
On the company’s financial health, Coherent reported $1.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $1.52. The company had revenue of $248.46 million for the quarter, compared to analysts expectations of $240.78 million. The company’s revenue was up 18.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.25 EPS.
Many Wall Street Analysts have commented on Coherent. Company shares were Reiterated by The Benchmark Company on Nov 10, 2016 to “Buy”, Firm has raised the Price Target to $ 125 from a previous price target of $112 .Company shares were Reiterated by Needham on Nov 3, 2016 to “Buy”, Firm has raised the Price Target to $ 130 from a previous price target of $115 .
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.