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, May, 9th. The company reported $2.71 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.55 by $0.16. The business earned $422.80 million during the quarter, compared to the consensus estimate of $404.36 million. Coherent had a return on equity of 19.66% and a net margin of 9.84%. The company's revenue for the quarter was up 111.5% on a year-over-year basis. During the same period last year, the company earned $1.04 EPS. View Coherent's Earnings History.

Coherent is scheduled to release their next quarterly earnings announcement on Tuesday, August, 1st 2017. View Earnings Estimates for Coherent.

6 equities research analysts have issued 12 month price targets for Coherent's stock. Their predictions range from $130.00 to $325.00. On average, they anticipate Coherent's share price to reach $260.00 in the next year. View Analyst Ratings for Coherent.

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

• 1. 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)
• 2. 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. " (5/15/2017)
• 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 July. As of July 14th, there was short interest totalling 770,978 shares, an increase of 26.1% from the June 30th total of 611,331 shares. Based on an average daily volume of 549,871 shares, the days-to-cover ratio is presently 1.4 days. Currently, 3.2% of the company's stock are sold short.

Some companies that are related to Coherent include Advanced Micro Devices (AMD), Maxim Integrated Products (MXIM), Freescale Semiconductor Ltd (FSL), Advanced Semiconductor Engineering (ASX), Flextronics International (FLEX), Marvell Technology Group (MRVL), Arrow Electronics (ARW), ON Semiconductor Corporation (ON), 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) 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 a variety of of retail and institutional investors. Top institutional shareholders include KAMES CAPITAL plc (1.71%), Westwood Management Corp IL (0.96%), Skylands Capital LLC (0.64%), BTIM Corp. (0.35%), Russell Investments Group Ltd. (0.34%) and Tributary Capital Management LLC (0.20%). 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 BTIM Corp., Tributary Capital Management LLC, Value Holdings Management CO. LLC, Skylands Capital LLC, First National Bank of Omaha, Westwood Management Corp IL, Independent Portfolio Consultants Inc. and US Bancorp DE. Company insiders that have sold Coherent stock in the last year include Bret Dimarco, Garry W Rogerson, John Ambroseo, L William Krause, Luis Spinelli, Mark Stewart Sobey, Stephen A Skaggs and Susan M James. View Insider Buying and Selling for Coherent.

Coherent's stock was acquired by a variety of institutional investors in the last quarter, including KAMES CAPITAL plc, Russell Investments Group Ltd., Oregon Public Employees Retirement Fund, Aperio Group LLC, Municipal Employees Retirement System of Michigan, ING Groep NV, Highland Capital Management LLC and Bank of Montreal Can. 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 $272.31.