About Coherent (NASDAQ:COHR)
Coherent, Inc. provides lasers and laser-based technology in a range of scientific, commercial, and industrial applications worldwide. It operates through two segments, Specialty Lasers and Systems, and Commercial Lasers and Components. The company designs, manufactures, services, and markets lasers, laser tools, precision optics, and related accessories. Its products are used in markets, such as microelectronics, materials processing, original equipment manufacturer components and instrumentation, and scientific research and government programs. The company markets its products through a direct sales force in the United States, as well as through direct sales personnel and independent representatives internationally. Coherent Inc. was founded in 1966 and is headquartered in Santa Clara, California.
Industry, Sector and Symbol
Industry Analytical instruments
Sub-IndustryElectronic Equipment & Instruments
SectorComputer and Technology
SymbolNASDAQ:COHR
CUSIP19247910
Phone408-764-4000
Debt
Debt-to-Equity Ratio0.42%
Current Ratio3.18%
Quick Ratio2.08%
Price-To-Earnings
Trailing P/E Ratio13.95
Forward P/E Ratio11.82
P/E GrowthN/A
Sales & Book Value
Annual Sales$1.72 billion
Price / Sales2.53
Cash Flow$16.5737 per share
Price / Cash10.58
Book Value$47.23 per share
Price / Book3.71
Profitability
EPS (Most Recent Fiscal Year)$12.57
Net Income$207.12 million
Net Margins11.79%
Return on Equity29.82%
Return on Assets14.48%
Miscellaneous
Employees5,218
Outstanding Shares24,820,000
Coherent (NASDAQ:COHR) Frequently Asked Questions
What is Coherent's stock symbol?
Coherent trades on the NASDAQ under the ticker symbol "COHR."
How will Coherent's stock buyback program work?
Coherent declared that its Board of Directors has authorized a share repurchase plan on Thursday, February 8th 2018, which permits the company to repurchase $100,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.
How were Coherent's earnings last quarter?
Coherent, Inc. (NASDAQ:COHR) issued its quarterly earnings data on Wednesday, February, 7th. The scientific and technical instruments company reported $3.54 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $3.52 by $0.02. The scientific and technical instruments company earned $477.60 million during the quarter, compared to the consensus estimate of $474.21 million. Coherent had a return on equity of 29.82% and a net margin of 11.79%. The firm's revenue was up 38.0% on a year-over-year basis. During the same period last year, the firm earned $2.57 earnings per share. View Coherent's Earnings History.
When is Coherent's next earnings date?
What price target have analysts set for COHR?
9 brokerages have issued 1-year price targets for Coherent's stock. Their forecasts range from $225.00 to $325.00. On average, they expect Coherent's stock price to reach $296.6250 in the next year. View Analyst Ratings for Coherent.
What are Wall Street analysts saying about Coherent stock?
Here are some recent quotes from research analysts about Coherent stock:
- 1. According to Zacks Investment Research, "Coherent, Inc. is an American company, designs, manufactures and markets laser systems and components, laser measurement and control products, optics, and laser accessories, which are used both in industry and scientific research. Their markets are the microelectronics industry (e.g., flat panel display manufacturing, integrated circuit packaging, and integrated circuit inspection), scientific research, OEM components, and materials processing (e.g., CO2 lasers for cutting metals). " (4/16/2018)
- 2. Needham & Company LLC analysts commented, "IPHI reported in-line 4Q17 results but provided 1Q18 guidance meaningfully below our and the Street’s estimates that were reduced just three weeks ago. While IPHI continues to see an inventory correction in the China coherent long-haul/ metro market, other recent market developments have led to newer headwinds in the near term. Management still expects to see a recovery in its TIA/driver business starting in 2Q18 and continuing throughout FY18, and new products ramps in 2H18 are expected to contribute to higher GMs and EPS growth. While we remain positive about IPHI’s long-term prospects, we lower our estimates and PT to $35 from $45 to reflect the lower revenue trough. We are aggressive buyers below $26." (2/8/2018)
- 3. Benchmark Co. analysts commented, "We believe it is likely that Apple will employ OLED displays in all its iPhones by no later than 2019 and that other smartphone manufacturers will shift to OLED displays during this period." (10/12/2017)
Who are some of Coherent's key competitors?
Some companies that are related to Coherent include PerkinElmer (PKI), Bio-Rad Laboratories (BIO), Bruker (BRKR), Integra lifesciences (IART), Horiba (HRIBF), Accelerate Diagnostics (AXDX), Quanterix (QTRX), Pacific Biosciences (PACB), Fluidigm (FLDM), Harvard Bioscience (HBIO), HTG Molecular Diagnostics (HTGM), pSivida (EYPT) and Precipio (PRPO).
Who are Coherent's key executives?
Coherent's management team includes the folowing people:
- Dr. John R. Ambroseo, Pres, CEO & Director (Age 57)
- Mr. Kevin S. Palatnik, Exec. VP & CFO (Age 60)
- Mr. Bret M. DiMarco, Exec. VP, Gen. Counsel & Corp. Sec. (Age 50)
- Mr. Paul F. Sechrist, Exec. VP of Worldwide Sales & Services (Age 59)
- Dr. Mark S. Sobey, Exec. VP & GM of OEM Laser Sources (Age 58)
Has Coherent been receiving favorable news coverage?
Headlines about COHR stock have been trending somewhat positive this week, Accern reports. Accern rates the sentiment of media coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Coherent earned a coverage optimism score of 0.13 on Accern's scale. They also gave news articles about the scientific and technical instruments company an impact score of 46.72 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company's share price in the next several days.
How do I buy shares of Coherent?
Shares of COHR can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Coherent's stock price today?
One share of COHR stock can currently be purchased for approximately $175.35.
How big of a company is Coherent?
Coherent has a market capitalization of $4.51 billion and generates $1.72 billion in revenue each year. The scientific and technical instruments company earns $207.12 million in net income (profit) each year or $12.57 on an earnings per share basis. Coherent employs 5,218 workers across the globe.
How can I contact Coherent?
Coherent's mailing address is 5100 Patrick Henry Drive, Santa Clara CA, 95054. The scientific and technical instruments company can be reached via phone at 408-764-4000.
MarketBeat Community Rating for Coherent (COHR)
MarketBeat's community ratings are surveys of what our community members think about Coherent and other stocks. Vote "Outperform" if you believe COHR will outperform the S&P 500 over the long term. Vote "Underperform" if you believe COHR will underperform the S&P 500 over the long term. You may vote once every thirty days.
Coherent (NASDAQ:COHR) Price Target and Consensus Rating
(How are Consensus Ratings Calculated?) MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.
9 Wall Street analysts have issued ratings and price targets for Coherent in the last 12 months. Their average twelve-month price target is $296.6250, suggesting that the stock has a possible upside of 69.16%. The high price target for COHR is $325.00 and the low price target for COHR is $225.00. There are currently 9 buy ratings for the stock, resulting in a consensus rating of "Buy."
| Today | 30 Days Ago | 90 Days Ago | 180 Days Ago |
| Consensus Rating: | Buy | Buy | Buy | Buy |
| Consensus Rating Score: | 3.00 | 3.00 | 3.00 | 3.00 |
| Ratings Breakdown: | 0 Sell Rating(s)
0 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s) | 0 Sell Rating(s)
0 Hold Rating(s)
9 Buy Rating(s)
0 Strong Buy Rating(s) |
| Consensus Price Target: | $296.6250 | $309.1250 | $317.00 | $296.1250 |
| Price Target Upside: | 69.16% upside | 47.48% upside | 6.86% upside | 19.41% upside |
Coherent (NASDAQ:COHR) Consensus Price Target History
Coherent (NASDAQ:COHR) Analyst Ratings History
Show:
(Data available from 4/19/2016 forward)
Coherent (NASDAQ:COHR) Dividend History by Quarter
| Announced | Period | Amount | Yield | Ex-Dividend Date | Record Date | Payable Date |
|---|
| 12/10/2012 | special | $1.00 | | 12/17/2012 | 12/19/2012 | 12/27/2012 |
(Data available from 1/1/2013 forward)
Coherent (NASDAQ COHR) Insider Trading and Institutional Ownership History
Insider Ownership Percentage: 1.40%
Institutional Ownership Percentage: 98.39%
Coherent (NASDAQ COHR) Insider Trading History
| Transaction Date | Insider Name | Title | Buy/Sell | Number of Shares | Average Share Price | Total Transaction | Shares Held After Transaction | Details |
|---|
| 2/12/2018 | Stephen A Skaggs | Director | Sell | 500 | $212.27 | $106,135.00 | 10,500 |  |
| 1/4/2018 | Paul F Sechrist | EVP | Sell | 1,372 | $300.00 | $411,600.00 | 2,497 | |
| 12/1/2017 | Paul F Sechrist | EVP | Sell | 1,002 | $288.88 | $289,457.76 | | |
| 11/16/2017 | Jay T Flatley | Director | Sell | 5,500 | $305.80 | $1,681,900.00 | | |
| 11/14/2017 | Bret Dimarco | VP | Sell | 1,195 | $301.89 | $360,758.55 | 2,198 | |
| 11/13/2017 | Stephen A Skaggs | Director | Sell | 500 | $308.97 | $154,485.00 | 11,000 | |
| 11/10/2017 | Sandeep Vij | Director | Sell | 4,400 | $292.79 | $1,288,276.00 | | |
| 11/9/2017 | Bret Dimarco | VP | Sell | 5,819 | $294.75 | $1,715,150.25 | | |
| 9/12/2017 | John Ambroseo | CEO | Sell | 25,000 | $250.00 | $6,250,000.00 | | |
| 8/14/2017 | Stephen A Skaggs | Director | Sell | 500 | $217.58 | $108,790.00 | 11,500 | |
| 5/24/2017 | Mark Stewart Sobey | EVP | Sell | 4,904 | $243.02 | $1,191,770.08 | 12,397 | |
| 5/22/2017 | John Ambroseo | CEO | Sell | 24,970 | $248.08 | $6,194,557.60 | | |
| 5/16/2017 | Garry W Rogerson | Director | Sell | 4,500 | $257.03 | $1,156,635.00 | | |
| 5/15/2017 | Stephen A Skaggs | Director | Sell | 500 | $249.48 | $124,740.00 | 12,000 | |
| 5/5/2017 | Bret Dimarco | VP | Sell | 2,903 | $225.00 | $653,175.00 | 7,401 | |
| 11/14/2016 | Luis Spinelli | VP | Sell | 4,328 | $126.02 | $545,414.56 | 11,221 | |
| 11/9/2016 | Bret Dimarco | VP | Sell | 4,951 | $120.00 | $594,120.00 | 13,603 | |
| 11/9/2016 | Mark Stewart Sobey | EVP | Sell | 4,593 | $119.00 | $546,567.00 | 18,020 | |
| 10/3/2016 | Bret Dimarco | VP | Sell | 953 | $109.75 | $104,591.75 | 11,740 | |
| 9/21/2016 | John Ambroseo | CEO | Sell | 25,979 | $110.00 | $2,857,690.00 | | |
| 8/15/2016 | Stephen A Skaggs | Director | Sell | 500 | $108.60 | $54,300.00 | 10,000 | |
| 8/4/2016 | L William Krause | Director | Sell | 22,785 | $106.10 | $2,417,488.50 | 4,811 | |
| 8/1/2016 | Bret Dimarco | VP | Sell | 1,039 | $106.70 | $110,861.30 | 14,297 | |
| 8/1/2016 | Susan M James | Director | Sell | 5,000 | $106.75 | $533,750.00 | 5,220 | |
| 5/24/2016 | L William Krause | Director | Sell | 7,700 | $88.55 | $681,835.00 | | |
| 5/18/2016 | Luis Spinelli | VP | Sell | 3,027 | $84.90 | $256,992.30 | 9,127 | |
| 5/16/2016 | L William Krause | Director | Sell | 2,000 | $86.39 | $172,780.00 | | |
| 5/10/2016 | L William Krause | Director | Sell | 1,800 | $88.15 | $158,670.00 | | |
| 5/4/2016 | L William Krause | Director | Sell | 10,000 | $89.68 | $896,800.00 | | |
| 3/18/2016 | Paul F Sechrist | EVP | Sell | 19,000 | $90.00 | $1,710,000.00 | | |
| 2/17/2016 | Paul F Sechrist | EVP | Sell | 15,000 | $80.00 | $1,200,000.00 | 21,531 | |
| 2/8/2016 | Luis Spinelli | VP | Sell | 2,451 | $77.46 | $189,854.46 | 8,795 | |
| 11/10/2015 | Luis Spinelli | VP | Sell | 5,500 | $63.40 | $348,700.00 | 11,895 | |
| 2/17/2015 | Susan M James | Director | Sell | 3,500 | $64.78 | $226,730.00 | | |
| 2/4/2015 | Luis Spinelli | VP | Sell | 5,500 | $65.05 | $357,775.00 | | |
| 12/10/2014 | Bret Dimarco | VP | Sell | 4,400 | $60.00 | $264,000.00 | | |
| 5/5/2014 | Bret Dimarco | VP | Sell | 1,808 | $60.00 | $108,480.00 | 9,901 | |
| 2/28/2014 | Helene Simonet | CFO | Sell | 7,206 | $68.72 | $495,196.32 | 12,960 | |
| 2/28/2014 | Luis Spinelli | VP | Sell | 3,000 | $68.43 | $205,290.00 | 9,874 | |
| 11/11/2013 | Mark Stewart Sobey | EVP | Sell | 2,969 | $65.21 | $193,608.49 | 3,955 | |
| 11/7/2013 | Lawrence Tomlinson | Director | Sell | 2,500 | $65.88 | $164,700.00 | 3,500 | |
| 10/31/2013 | John Ambroseo | CEO | Sell | 60,491 | $66.26 | $4,008,133.66 | | |
| 10/22/2013 | John Ambroseo | CEO | Sell | 2,139 | $66.02 | $141,216.78 | | |
| 10/21/2013 | John Ambroseo | CEO | Sell | 12,370 | $66.07 | $817,285.90 | | |
| 10/11/2013 | Helene Simonet | CFO | Sell | 4,296 | $63.61 | $273,268.56 | 16,236 | |
| 10/11/2013 | John Ambroseo | CEO | Sell | 25,200 | $64.04 | $1,613,808.00 | | |
| 9/23/2013 | Helene Simonet | CFO | Sell | 10,041 | $60.25 | $604,970.25 | 23,131 | |
| 9/11/2013 | Helene Simonet | CFO | Sell | 8,878 | $59.50 | $528,241.00 | 33,172 | |
| 7/9/2013 | Bret Dimarco | VP | Sell | 7,000 | $60.00 | $420,000.00 | | |
| 7/9/2013 | Paul F Sechrist | EVP | Sell | 10,000 | $60.00 | $600,000.00 | | |
| 5/28/2013 | Bret Dimarco | VP | Sell | 2,855 | $59.00 | $168,445.00 | | |
| 2/14/2013 | Helene Simonet | CFO | Sell | 12,957 | $59.05 | $765,110.85 | | |
| 12/3/2012 | Garry W Rogerson | Director | Sell | 6,000 | $46.06 | $276,360.00 | | |
| 11/27/2012 | John Ambroseo | CEO | Sell | 7,598 | $44.53 | $338,338.94 | | |
(Data available from 1/1/2013 forward)
Coherent (NASDAQ COHR) News Headlines
| Source: |
|
| Date | Headline |
|---|
 | Coherent: Time To Buy
seekingalpha.com - April 18 at 3:56 PM |
 | Coherent (COHR) Upgraded by Zacks Investment Research to "Hold"
www.americanbankingnews.com - April 16 at 8:40 PM |
 | Coherent, Inc. Announces Live Webcast of Second Quarter Fiscal Year 2018 Results
finance.yahoo.com - April 16 at 4:05 PM |
| Coherent (COHR) vs. pSivida (EYPT) Head to Head Comparison
www.americanbankingnews.com - April 15 at 5:15 PM |
| Coherent (COHR) versus Fluidigm (FLDM) Financial Comparison
www.americanbankingnews.com - April 15 at 3:25 AM |
| Coherent (COHR) Upgraded by UBS to Positive
www.americanbankingnews.com - April 13 at 7:49 PM |
| Coherent (COHR) Upgraded at Susquehanna Bancshares
www.americanbankingnews.com - April 13 at 6:39 PM |
 | This Morning's Research Reports on Scientific & Technical Instruments Stocks -- Cognex, Coherent, Fitbit, and FLIR ...
www.prnewswire.com - April 13 at 10:31 AM |
| Coherent (COHR) Research Coverage Started at Barclays
www.americanbankingnews.com - April 13 at 12:58 AM |
| Coherent (COHR) Stock Rating Reaffirmed by Benchmark
www.americanbankingnews.com - April 12 at 5:09 PM |
| Coherent (COHR) Earns "Overweight" Rating from Barclays
www.americanbankingnews.com - April 12 at 10:46 AM |
| Agilent Technologies (A) vs. Coherent (COHR) Head to Head Comparison
www.americanbankingnews.com - April 10 at 3:45 PM |
 | President Trump's most overlooked achievement? A realistic, coherent national security strategy
www.foxnews.com - April 10 at 10:30 AM |
| Critical Contrast: Coherent (COHR) & Agilent Technologies (A)
www.americanbankingnews.com - April 8 at 7:13 PM |
 | ATSC 3.0 Compliant Receiver System to Debut at NAB Show
www.businesswire.com - April 6 at 4:01 PM |
| Coherent Path CEO to Speak at Oracle's Modern Customer Experience
www.businesswire.com - April 4 at 5:36 PM |
| Coherent Shareholders Discover Lasers Can Cut Both Ways
finance.yahoo.com - April 2 at 3:55 PM |
 | Stores 'bludgeon' their customers 'to death' with emails — and it's a horrible mistake
www.businessinsider.com - April 1 at 3:59 PM |
| Coherent (COHR) Price Target Increased to $330.00 by Analysts at Needham & Company LLC
www.americanbankingnews.com - April 1 at 10:28 AM |
| Stifel Nicolaus Boosts Coherent (COHR) Price Target to $330.00
www.americanbankingnews.com - April 1 at 10:13 AM |
| Benchmark Raises Coherent (COHR) Price Target to $310.00
www.americanbankingnews.com - April 1 at 9:41 AM |
| Coherent, Inc. (COHR) Given Average Rating of "Buy" by Analysts
www.americanbankingnews.com - March 31 at 3:34 PM |
| Coherent (COHR) Downgraded by Zacks Investment Research
www.americanbankingnews.com - March 29 at 8:30 PM |
| BidaskClub Downgrades Coherent (COHR) to Sell
www.americanbankingnews.com - March 29 at 11:16 AM |
| Coherent (COHR) Given a $332.00 Price Target by Barclays Analysts
www.americanbankingnews.com - March 28 at 7:04 PM |
 | First Week of November 16th Options Trading For Coherent (COHR)
www.nasdaq.com - March 28 at 3:57 PM |
| Coherent (COHR) Upgraded by BidaskClub to "Buy"
www.americanbankingnews.com - March 27 at 4:00 PM |
| Coherent, Inc. (COHR) Short Interest Down 30.7% in February
www.americanbankingnews.com - March 14 at 1:38 AM |
| $3.51 EPS Expected for Coherent, Inc. (COHR) This Quarter
www.americanbankingnews.com - March 11 at 8:35 PM |
| IDT to Showcase Best-in-Class 64G Linear Driver for Coherent Applications at OFC 2018
www.prnewswire.com - March 11 at 9:24 AM |
| Free Post Earnings Research Report: Coherent’s Net Sales and Adjusted EPS Both Surged 38%
finance.yahoo.com - March 8 at 11:19 AM |
| Coherent, Inc. (COHR) Receives Consensus Recommendation of "Buy" from Brokerages
www.americanbankingnews.com - March 6 at 3:24 PM |
| Bank of New York Mellon Corp Buys 11,935 Shares of Coherent, Inc. (COHR)
www.americanbankingnews.com - March 3 at 4:43 AM |
| The Manufacturers Life Insurance Company Acquires 4,612 Shares of Coherent, Inc. (COHR)
www.americanbankingnews.com - March 2 at 7:38 PM |
| Coherent, Inc. (COHR) Holdings Reduced by Next Century Growth Investors LLC
www.americanbankingnews.com - March 2 at 5:58 PM |
| Cortina Asset Management LLC Has $5.32 Million Holdings in Coherent, Inc. (COHR)
www.americanbankingnews.com - March 2 at 12:47 PM |
| King Luther Capital Management Corp Decreases Stake in Coherent, Inc. (COHR)
www.americanbankingnews.com - March 2 at 12:33 PM |
| Allianz Asset Management GmbH Decreases Holdings in Coherent, Inc. (COHR)
www.americanbankingnews.com - March 1 at 4:10 AM |
| Wells Fargo & Company MN Sells 41,026 Shares of Coherent, Inc. (COHR)
www.americanbankingnews.com - February 28 at 5:24 PM |
| Coherent, Inc. (COHR) Shares Bought by BlackRock Inc.
www.americanbankingnews.com - February 28 at 5:40 AM |
| Coherent, Inc. (COHR) Position Cut by Employees Retirement System of Texas
www.americanbankingnews.com - February 27 at 12:47 PM |
 | 3 Stocks That Are Absurdly Cheap Right Now - Motley Fool
www.fool.com - February 26 at 3:58 PM |
| Rhumbline Advisers Sells 978 Shares of Coherent, Inc. (COHR)
www.americanbankingnews.com - February 26 at 1:42 PM |
| Central Securities Corp Decreases Position in Coherent, Inc. (COHR)
www.americanbankingnews.com - February 26 at 1:02 PM |
| Arizona State Retirement System Has $5 Million Holdings in Coherent, Inc. (COHR)
www.americanbankingnews.com - February 26 at 4:32 AM |
| Analysts Anticipate Coherent, Inc. (COHR) Will Post Quarterly Sales of $479.20 Million
www.americanbankingnews.com - February 25 at 8:30 AM |
| 755,170 Shares in Coherent, Inc. (COHR) Purchased by Carillon Tower Advisers Inc.
www.americanbankingnews.com - February 25 at 4:58 AM |
| California Public Employees Retirement System Grows Position in Coherent, Inc. (COHR)
www.americanbankingnews.com - February 25 at 4:44 AM |
| Coherent, Inc. (COHR) Holdings Trimmed by American Century Companies Inc.
www.americanbankingnews.com - February 25 at 4:06 AM |
| Coherent, Inc. (COHR) Shares Bought by Sei Investments Co.
www.americanbankingnews.com - February 24 at 5:34 AM |
Coherent (NASDAQ:COHR) SEC Filings
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Coherent (NASDAQ:COHR) Income Statement, Balance Sheet and Cash Flow Statement
Coherent (NASDAQ COHR) Stock Chart for Thursday, April, 19, 2018
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