The stock of Coherent, Inc. (NASDAQ:COHR) reached all time high today, Nov, 21 and still has $180.70 target or 39.00% above today’s $130.00 share price. This indicates more upside for the $3.20B company. This technical setup was reported by Barchart.com. If the $180.70 PT is reached, the company will be worth $1.25B more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 142,003 shares traded hands. Coherent, Inc. (NASDAQ:COHR) has risen 36.93% since April 19, 2016 and is uptrending. It has outperformed by 33.07% the S&P500.
Coherent, Inc. (NASDAQ:COHR) Ratings Coverage
Out of 4 analysts covering Coherent (NASDAQ:COHR), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. Coherent has been the topic of 9 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Needham maintained Coherent, Inc. (NASDAQ:COHR) rating on Thursday, November 3. Needham has “Buy” rating and $130 price target. On Thursday, November 10 the stock rating was maintained by Benchmark with “Buy”. The stock of Coherent, Inc. (NASDAQ:COHR) earned “Buy” rating by Needham on Friday, January 29. As per Monday, March 7, the company rating was maintained by Stifel Nicolaus. As per Wednesday, September 2, the company rating was downgraded by TheStreet. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, January 29. Benchmark maintained the shares of COHR in a report on Monday, May 23 with “Buy” rating.
According to Zacks Investment Research, “COHERENT INC. designs, manufactures, and supplies electro-optical systems and medical instruments utilizing laser, precision optic and microelectronic technologies. Co. integrates these technologies into a wide variety of products and systems designed to meet the productivity and performance needs of customers. Major markets include the scientific research community; medical institutions, clinics and private practices; lasers also support commercial applications, ranging from semiconductors and disk mastering to light shows and entertainment.”
Insitutional Activity: The institutional sentiment increased to 1.08 in 2016 Q2. Its up 0.11, from 0.97 in 2016Q1. The ratio improved, as 33 funds sold all Coherent, Inc. shares owned while 66 reduced positions. 35 funds bought stakes while 61 increased positions. They now own 20.88 million shares or 26.28% less from 28.33 million shares in 2016Q1.
Victory reported 764 shares or 0% of all its holdings. Moreover, Lord Abbett & Limited Liability has 0.07% invested in Coherent, Inc. (NASDAQ:COHR) for 237,589 shares. Thompson Davis And Co Inc holds 0.05% or 361 shares in its portfolio. Btim reported 182,760 shares or 0.29% of all its holdings. Pub Employees Retirement Association Of Colorado owns 5,027 shares or 0% of their US portfolio. Bnp Paribas Arbitrage Sa has invested 0% of its portfolio in Coherent, Inc. (NASDAQ:COHR). Legal And General Gru Public Lc holds 0% of its portfolio in Coherent, Inc. (NASDAQ:COHR) for 5,400 shares. Next Grp has 0.01% invested in the company for 333 shares. Voya Invest Management Limited Liability holds 159,073 shares or 0.04% of its portfolio. Visium Asset Management Lp has invested 0.22% of its portfolio in Coherent, Inc. (NASDAQ:COHR). Nwq Inv Mgmt Ltd last reported 2.09% of its portfolio in the stock. Lpl Fin Limited Liability Corp holds 2,614 shares or 0% of its portfolio. Schwab Charles Inv Mgmt Incorporated last reported 0.01% of its portfolio in the stock. First Personal Finance Serv holds 122 shares or 0% of its portfolio. Ameriprise Fin Inc holds 0.01% of its portfolio in Coherent, Inc. (NASDAQ:COHR) for 159,799 shares.
Insider Transactions: Since August 1, 2016, the stock had 0 insider purchases, and 12 insider sales for $5.66 million net activity. Shares for $594,120 were sold by DiMarco Bret on Tuesday, November 8. The insider SOBEY MARK STEWART sold $434,919. 1,215 shares were sold by KRAUSE L WILLIAM, worth $128,912 on Friday, August 5. 5,000 shares were sold by JAMES SUSAN M., worth $533,726 on Monday, August 1. $545,405 worth of Coherent, Inc. (NASDAQ:COHR) was sold by SPINELLI LUIS. SKAGGS STEPHEN A had sold 500 shares worth $63,130.
More news for Coherent, Inc. (NASDAQ:COHR) were recently published by: Prnewswire.com, which released: “COHERENT, Inc. Announces Closing of Acquisition of ROFIN-SINAR Technologies” on November 07, 2016. Prnewswire.com‘s article titled: “Coherent, Inc. Reports Fourth Fiscal Quarter and Year-End Results” and published on November 02, 2016 is yet another important article.
COHR Company Profile
Coherent, Inc., incorporated on January 11, 1989, is a supplier of photonics solutions for a range of commercial and scientific research applications. The Firm designs, makes, services and markets lasers and related accessories to customers. The Firm operates in two divisions: Specialty Lasers and Systems (SLS) and Commercial Lasers and Components (CLC).
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