Coherent (COHR) Stock Price, News & Analysis

Company Overview

Coherent Corp. develops, manufactures, and markets engineered materials, optoelectronic components, and devices worldwide. It operates through two segments: Compound Semiconductors and Photonic Solutions. The Compound Semiconductors segment provides optical and electro-optical components and materials used in CO2 lasers, fiber-lasers, and direct diode lasers for materials processing applications; infrared optical components and high-precision optical assemblies for aerospace and defense, medical, and commercial laser imaging applications; semiconductor lasers and detectors for optical interconnects and sensing applications; engineered materials for thermoelectric, ceramics, and silicon carbide various applications; and compound semiconductor epitaxial wafers for applications in optical and wireless communication. The Photonic Solutions segment manufactures transceivers for data centers and telecom optical networks; pump lasers, optical amplifiers, wavelength selective switches, and advanced components for telecom networks; and crystal materials, optics, lasers, and optoelectronic modules in a range of applications, including optical communications, life sciences, and consumer electronics markets. It serves original equipment manufacturers, laser end users, system integrators of high-power lasers, U.S. government prime contractors, and various U.S. government agencies, as well as manufacturers of equipment and devices for industrial, optical communications, electronics, and instrumentation applications. The company was formerly known as II-VI Incorporated and changed its name to Coherent Corp. in September 2022. Coherent Corp. was incorporated in 1971 and is headquartered in Saxonburg, Pennsylvania.

Key Stats

• Today's Range: $84.91 to $87.81
• 50-Day Range: $56.37 to $86.06
• 52-Week Range: $28.47 to $89.25
• Volume: 6.82 million shs
• Average Volume: 2.31 million shs
• Market Capitalization: $13.25 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $78.00
• Consensus Rating: Moderate Buy

Coherent Stock Analysis - MarketRank™

Coherent scored higher than 70% of companies evaluated by MarketBeat, and ranked 112th out of 343 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.4 / 5
• Analyst Rating: Moderate Buy

Consensus Rating

Coherent has received a consensus rating of Moderate Buy. The company's average rating score is 2.77, and is based on 10 buy ratings, 3 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Coherent has been the subject of 12 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 57.27%

Earnings Growth

Earnings for Coherent are expected to grow by 57.27% in the coming year, from $2.27 to $3.57 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Coherent is -30.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Coherent is -30.40, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Growth Ratio

Coherent has a PEG Ratio of 0.75. PEG Ratios below 1 indicate that a company could be undervalued.

Price to Book Value per Share Ratio

Coherent has a P/B Ratio of 2.37. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

3.47% of the float of Coherent has been sold short.

Short Interest Ratio / Days to Cover

Coherent has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Coherent has recently increased by 0.57%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Coherent does not currently pay a dividend.

Dividend Growth

Coherent does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

3.47% of the float of Coherent has been sold short.

Short Interest Ratio / Days to Cover

Coherent has a short interest ratio ("days to cover") of 2.3, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Coherent has recently increased by 0.57%, indicating that investor sentiment is decreasing.

News and Social Media

• Score: 1.5 / 5
• News Sentiment: -0.25

News Sentiment

Coherent has a news sentiment score of -0.25. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.53 average news sentiment score of Business Services companies.

News Coverage This Week

MarketBeat has tracked 10 news articles for Coherent this week, compared to 5 articles on an average week.

Search Interest

Only 11 people have searched for COHR on MarketBeat in the last 30 days. This is a decrease of -27% compared to the previous 30 days.

MarketBeat Follows

4 people have added Coherent to their MarketBeat watchlist in the last 30 days. This is an increase of 33% compared to the previous 30 days.

Company Ownership

• Score: 3.3 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Coherent insiders have sold 3,450.72% more of their company's stock than they have bought. Specifically, they have bought $35,275.00 in company stock and sold $1,252,518.00 in company stock.

Percentage Held by Insiders

Only 1.30% of the stock of Coherent is held by insiders.

Percentage Held by Institutions

83.33% of the stock of Coherent is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

COHR Stock Analysis - Frequently Asked Questions

How have COHR shares performed this year?

Coherent's stock was trading at $43.53 at the beginning of 2024. Since then, COHR shares have increased by 99.7% and is now trading at $86.93.
View the best growth stocks for 2024 here.

How were Coherent's earnings last quarter?

Coherent Corp. (NYSE:COHR) released its earnings results on Thursday, August, 15th. The scientific and technical instruments company reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.01. Coherent's revenue was up 9.0% compared to the same quarter last year.

Does Coherent have any subsidiaries?

Coherent subsidiaries include Rofin - Sinar, Raydiance, Tinsley Laboratories, LUMERA LASER, Innolight Innovative Laser and Systemtechnik, MiDaz Lasers, Hypertronics, and others.

Who are Coherent's major shareholders?

Coherent's top institutional investors include Point72 Asset Management L.P. (2.73%), Duquesne Family Office LLC (2.35%), Dimensional Fund Advisors LP (2.28%) and American Century Companies Inc. (1.24%). Insiders that own company stock include Vincent D Mattera Jr, Vincent D Mattera Jr, Francis J Kramer, Mary Jane Raymond, James Robert Anderson, Joseph J Corasanti, Walter Robert Bashaw II, Christopher Koeppen, Howard H Xia, Ronald Basso, Julie Sheridan Eng, Richard J Martucci and David L Motley.
View institutional ownership trends.

How do I buy shares of Coherent?

Shares of COHR stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Company Calendar

• Last Earnings: 8/15/2024
• Today: 9/20/2024
• Next Earnings (Estimated): 11/04/2024
• Fiscal Year End: 6/30/2025

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Business Services
• Industry: Optical instruments & lenses
• Sub-Industry: Electronic Equipment & Instruments
• Current Symbol: NYSE:COHR
• CUSIP: 19247910
• CIK: 21510
• Web: www.coherent.com
• Phone: (724) 352-4455
• Fax: 408-764-4800
• Employees: 26,157
• Year Founded: 1966

Price Target and Rating

• Average Stock Price Target: $78.00
• High Stock Price Target: $90.00
• Low Stock Price Target: $50.00
• Potential Upside/Downside: -9.9%
• Consensus Rating: Moderate Buy
• Rating Score (0-4): 2.77
• Research Coverage: 13 Analysts

Profitability

• EPS (Most Recent Fiscal Year): ($2.86)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: 38.15
• P/E Growth: 0.75
• Net Income: $-156,150,000.00
• Net Margins: -3.32%
• Pretax Margin: -3.14%
• Return on Equity: 5.10%
• Return on Assets: 1.96%

Debt

• Debt-to-Equity Ratio: 0.72
• Current Ratio: 2.72
• Quick Ratio: 1.77

Sales & Book Value

• Annual Sales: $4.71 billion
• Price / Sales: 2.80
• Cash Flow: $6.46 per share
• Price / Cash Flow: 13.41
• Book Value: $36.61 per share
• Price / Book: 2.37

Miscellaneous

• Outstanding Shares: 152,461,000
• Free Float: 150,479,000
• Market Cap: $13.20 billion
• Optionable: Optionable
• Beta: 1.65