Coherent Company Profile (NASDAQ:COHR)

Coherent trades on the NASDAQ under the ticker symbol "COHR."

Coherent, Inc. (NASDAQ:COHR) issued its earnings results on Tuesday, August, 1st. The company reported $3.36 EPS for the quarter, missing the consensus estimate of $3.45 by $0.09. The company had revenue of $464.10 million for the quarter, compared to analysts' expectations of $466.90 million. Coherent had a return on equity of 24.98% and a net margin of 11.08%. Coherent's revenue for the quarter was up 112.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.07 earnings per share. View Coherent's Earnings History.

Coherent is scheduled to release their next quarterly earnings announcement on Tuesday, October, 31st 2017. View Earnings Estimates for Coherent.

8 analysts have issued 12 month price targets for Coherent's stock. Their forecasts range from $270.00 to $325.00. On average, they expect Coherent's share price to reach $296.13 in the next year. View Analyst Ratings for Coherent.

Here are some recent quotes from research analysts about Coherent stock:

• 1. 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. " (8/7/2017)
• 2. Benchmark Co. analysts commented, "We now project Coherent reporting a FY18 non-GAAP EPS of $14.68 on sales of $1.95 B, up from our prior estimate which called for a non-GAAP EPS of $13.75 on sales of $1.94 B. Our one-year target price goes from $275 to $295. Raising Target Price Rating: Buy Current Price $266.74 Price Target $295.00 52-Wk Range $92.93 – $277.90 Market Cap (B) $6.57 Enterprise Value (B) $7.02 Shares Outstanding 24,630,000 Average Volume (30 day) 398,695 Float 24,400,000 Sector Weight Overweight Mark Miller 925-648-2692 [email protected]/* */ FY Sep Q1 Q2 Q3 Q4 Total P/E EPS 2016A $0.99A $1.04A $1.07A $1.65A $4.75A 52.5 2017E $2.57A $2.91A $3.43E $3.50E $12.41E 21.3 2018E $3.57E $3.66E $3.68E $3.77E $14.68E 18.1 Revenue (m) 2016A $190.275A $199.882A $218.767A $248.461A $857.385A 2017E $346.073A $422.833A $470.000E $478.000E $1,716.906E 2018E $467.000E $482.000E $493.000E $505.000E $1,947.000E Coherent Inc. (COHR) July 20, 2017 Page 2 Growing Opportunities for Linebeam Tools We hosted management meetings in the San Francisco area with Coherent management. Of upmost interest to investors were the future opportunities for Coherent’s Linebeam tools used to manufacture OLED displays. The Linebeam tools are used in the low temperature poly silicon anneal step in the manufacture of OLED and LCD displays. The anneal process produces improvements in the electrical efficiency of amorphous silicon which yields longer device battery life and higher pixel density." (7/20/2017)
• 3. Needham & Company LLC analysts commented, "We hosted COHR mgmt. at a series of investor meetings late last week in the mid-Atlantic. We came away from the meetings incrementally more positive about the business over the next year. We believe there is the potential for COHR's display business to provide upside both from stronger equipment sales as well as a more rapid ramp in the service portion of the business. Beyond this key area of the business, where most investor interest has been focused, we have become more optimistic about upside opportunities in the materials processing market, benefiting from what we expect will be a stronger contribution from the recently acquired Rofin business. We are tweaking our F18 estimates higher while maintaining our aboveconsensus estimate for F17. COHR shares remain attractively valued, in our view. We reiterate our Buy." (3/13/2017)

Coherent saw a increase in short interest in August. As of August 15th, there was short interest totalling 1,490,748 shares, an increase of 65.2% from the July 31st total of 902,438 shares. Based on an average trading volume of 1,119,051 shares, the short-interest ratio is currently 1.3 days. Approximately 6.1% of the shares of the stock are sold short.

Some companies that are related to Coherent include Advanced Micro Devices (AMD), Freescale Semiconductor Ltd (FSL), Advanced Semiconductor Engineering (ASX), Marvell Technology Group (MRVL), Flex Ltd (FLEX), ON Semiconductor Corporation (ON), Arrow Electronics (ARW), United Microelectronics Corporation (UMC), Microsemi Corporation (MSCC), Jabil Circuit (JBL), Semiconductor Manufacturing International Corporation (SMI), Siliconware Precision Industries Company (SPIL), Cypress Semiconductor Corporation (CY), Cavium (CAVM), Monolithic Power Systems (MPWR), Integrated Device Technology (IDTI), Silicon Laboratories (SLAB) and Advanced Energy Industries (AEIS).

Coherent's management team includes the folowing people:

• Garry W. Rogerson Ph.D., Independent Chairman of the Board
• John R. Ambroseo Ph.D., President, Chief Executive Officer, Director
• Kevin S. Palatnik, Chief Financial Officer, Executive Vice President
• Luis A. Spinelli, Executive Vice President, Chief Technology Officer
• Bret M. DiMarco, Executive Vice President, General Counsel, Corporate Secretary
• Mark Stewart Sobey Ph.D., Executive Vice President, General Manager - Specialty Laser Systems
• Paul F. Sechrist, Executive Vice President - Worldwide Sales and Service
• Pamela Fletcher, Director
• Jay T. Flatley, Independent Director
• Susan M. James CPA, Independent Director

Coherent's stock is owned by many different of institutional and retail investors. Top institutional investors include BlackRock Inc. (8.17%), Vanguard Group Inc. (8.13%), Eagle Asset Management Inc. (5.77%), Dimensional Fund Advisors LP (3.85%), Epoch Investment Partners Inc. (3.79%) and Earnest Partners LLC (2.56%). Company insiders that own Coherent stock include Bret Dimarco, Garry W Rogerson, John Ambroseo, L William Krause, Luis Spinelli, Mark Stewart Sobey, Paul F Sechrist, Stephen A Skaggs and Susan M James. View Institutional Ownership Trends for Coherent.

Coherent's stock was sold by a variety of institutional investors in the last quarter, including BlackRock Inc., Alliancebernstein L.P., Northern Trust Corp, Wells Fargo & Company MN, State Street Corp, Lord Abbett & CO. LLC, Dimensional Fund Advisors LP and Eagle Asset Management Inc.. Company insiders that have sold Coherent stock in the last year include Bret Dimarco, Garry W Rogerson, John Ambroseo, Luis Spinelli, Mark Stewart Sobey and Stephen A Skaggs. View Insider Buying and Selling for Coherent.

Coherent's stock was purchased by a variety of institutional investors in the last quarter, including Epoch Investment Partners Inc., Koch Industries Inc., Harbour Capital Advisors LLC, Goldman Sachs Group Inc., TD Asset Management Inc., FMR LLC, Dana Investment Advisors Inc. and Hood River Capital Management LLC. View Insider Buying and Selling for Coherent.

Shares of Coherent can be purchased through any online brokerage account. Popular online brokerages include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.

One share of Coherent stock can currently be purchased for approximately $254.41.