Dernières nouvelles pour Coherent (NYSE:COHR) Stock

Coherent

Coherent Corp engaged in materials, networking, and lasers, is a vertically integrated manufacturing company that develops, manufactures, and markets engineered materials, optoelectronic components and devices, and lasers for use in the industrial, communications, electronics and instrumentation markets. The firm operates in three segments Networking, Materials, and Lasers Segment. It generates maximum revenue from Networking segment. The company geographically operates in North America. Europe, China, Japan and Rest of the world.

Coherent Corp

Coherent's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) short percent of float has risen 27.39% since its last report. The company recently reported that it has 6.74 million shares sold short, which is 5.86% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.05 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock/">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest">List of the most shorted stocks</a>
<h3>Coherent Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1729262712_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Coherent has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Coherent's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://pro.benzinga.com/">Benzinga Pro</a>, Coherent's peer group average for short interest as a percentage of float is 3.72%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze/">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

COHR

Peering Into Coherent's Recent Short Interest

U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 90 points on Friday.
Shares of CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) fell sharply in today's pre-market trading after the company cut its <a href="https://www.benzinga.com/quote/CVS">third-quarter outlook.</a>
CVS Health appointed longtime executive David Joyner as its new president and CEO, replacing Karen Lynch amid the company's ongoing financial struggles. The company warned that its upcoming third-quarter earnings, set for release on November 6, will miss Wall Street projections.
CVS Health shares dipped 11.6% to $56.29 in pre-market trading.
Here are some big stocks recording losses in today's pre-market trading session.
<ul>
<li>MGP Ingredients, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MGPI#NASDAQ">MGPI</a>) shares dipped 16.6% to $68.06 after the company issued soft preliminary guidance and lowered its 2024 financial outlook.</li>
<li>Coherent Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NASDAQ">COHR</a>) shares fell 4.6% to $97.39 in pre-market trading.</li>
<li>Zeta Global Holdings Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ZETA#NYSE">ZETA</a>) shares fell 4.5% to $28.66 in pre-market trading. Zeta is expected to release its third quarter 2024 financial results after the closing bell on Monday, Nov. 11.</li>
<li>Jin Medical International Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ZJYL#NASDAQ">ZJYL</a>) shares fell 4.3% to $2.03 in pre-market trading after declining around 5% on Thursday.</li>
<li>GrafTech International Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/EAF#NASDAQ">EAF</a>) shares fell 4.1% to $1.62 in pre-market trading.</li>
<li>Gevo, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GEVO#NASDAQ">GEVO</a>) shares fell 3.8% to $2.55 in pre-market trading. HC Wainwright &amp; Co. analyst Amit Dayal reiterated Gevo with a Buy and maintained a $14 price target.</li>
<li>American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) shares fell 3.6% to $275.50 in pre-market trading following third-quarter results.</li>
<li>Fresh Del Monte Produce Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FDP#NYSE">FDP</a>) shares fell 3.5% to $29.00 in pre-market trading. Fresh Del Monte Produce will issue a press release on its third quarter financial results prior to market opening on Thursday, Oct. 31.</li>
</ul>
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CVS Health Cuts Outlook, Joins American Express And Other Big Stocks Moving Lower In Friday's Pre-Market Session

WIIM

Coherent shares are trading lower after B. Riley Securities downgraded the stock from Buy to Neutral.

B. Riley Securities analyst Dave Kang downgrades Coherent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) from Buy to Neutral and maintains the price target from $86 to $86.

Downgrades

Price Target

Analyst Ratings

B. Riley Securities Downgrades Coherent to Neutral, Maintains Price Target to $86

Wall Street is priming for a positive start on Friday after the major averages ended narrowly mixed in the previous session. <a href="https://www.benzinga.com/news/earnings/24/10/41391637/netflix-q3-earnings-revenue-beats-eps-tops-q4-guidance-projects-subscriber-boost-from-squid-game-nf">Positive reaction</a> to Netflix, Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NFLX#NASDAQ">NFLX</a>) earnings could provide a lift to the tech space, given earnings news flow from the sector will likely start in earnest next week. Earnings and speeches by Federal Reserve officials could set the tempo for Friday&#8217;s session. China&#8217;s third-quarter GDP rose slightly more than estimates, allaying the fears of traders. Gold continues to make record after record, while oil continues to have a volatile ride amid geopolitical tensions.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Performance (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>+0.39%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>+0.17%</td>
</tr>
<tr>
<td>Dow</td>
<td>+0.03%</td>
</tr>
<tr>
<td>R2K</td>
<td>+0.46%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Friday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) rose 0.23% to $583.61 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) jumped 0.51% to $493.75, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
U.S. stocks closed narrowly mixed as traders digested a batch of mixed economic data as well as a flurry of earnings. After opening higher, the major indices experienced some volatility in the morning, although holding mostly above the unchanged line. 
Stocks gave back most of their gains in late afternoon trading before finishing on a mixed note. 
The Dow Industrials closed at fresh intraday and closing highs, thanks to a positive reaction to Travelers Companies, Inc.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRV#NYSE">TRV</a>) earnings, while the S&amp;P 500 Index hit an intraday high before squandering all the gains and closing marginally lower.
<figure class="wp-block-table is-style-stripes"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>+0.04%</td>
<td>18,373.61</td>
</tr>
<tr>
<td>S&amp;P 500 Index</td>
<td>+0.02%</td>
<td>5,841.47</td>
</tr>
<tr>
<td>Dow Industrials</td>
<td>+0.37%</td>
<td>43,239.05</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-0.25%</td>
<td>2,280.85</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
After separate reports showed strong September retail sales growth, jobless claims, which fell after Hurricane Helene&#8217;s impact wore off, and a decline in industrial production amid the Boeing Co. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BA#NYSE">BA</a>) strike, Comerica Chief Economist Bill Adams said, &#8220;The economy is in pretty good shape.&#8221; &#8220;Since consumer spending fuels two-thirds of U.S. demand, the economy can't be doing too bad as long as consumers still have their pocketbooks open,&#8221; he said.
The economist expects the Hurricanes that devastated swathes of the Southeast in late September and early October to be a big drag on releases for October.&nbsp;This will make it difficult to read the underlying trend accurately, he said.
Calling the headwinds temporary, Adams said, &#8220;With the Fed expected to continue lowering interest rates through the turn of the year, credit-sensitive sectors of the economy should perk up in coming quarters, sustaining the economic expansion into 2025.&#8221;
See Also:<a href="https://www.benzinga.com/money/best-strategies-for-futures-trading"> Best Futures Trading Strategies in 2024</a>
Upcoming Economic Data:
<ul>
<li>The Commerce Department will release the housing starts report for September at 8:30 a.m. EDT. Economists, on average, estimate housing starts to come in at a seasonally adjusted annual rate of 1.35 million units, slightly down from the 1.36-million-unit rate in August. Building permits, an indicator of future housing starts may have declined from 1.48 million units to 1.45 million units.</li>
<li>Among the Fed speakers scheduled for the day are:
<ul>
<li>Atlanta Fed president Raphael Bostic: 9:30 a.m. EDT</li>
<li>Minneapolis Fed President Neel Kashkari: 10 a.m. EDT</li>
<li>Fed Governor Christopher Waller is due to speak at 12:10 p.m. EDT.</li>
</ul>
</li>
<li>The Atlanta Fed&#8217;s GDPNow data for the third quarter will be released at 10:30 a.m. EDT.</li>
</ul>
Stocks In Focus:
<ul>
<li>Netflix climbed about 5.75% <a href="https://www.benzinga.com/premarket">in premarket trading</a> following the streaming giant&#8217;s quarterly results.</li>
<li>Among the other stocks moving on earnings are Intuitive Surgical, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ISRG#NASDAQ">ISRG</a>) (up nearly 7%), and Western Alliance Bancorporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/WAL#NYSE">WAL</a>) (down over 5.25%.</li>
<li>Ally Financial Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALLY#NYSE">ALLY</a>), Autoliv, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALV#NYSE">ALV</a>), Fifth Third Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NASDAQ">FITB</a>), Procter &amp; Gamble Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PG#NYSE">PG</a>), Regions Financial Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/RF#NYSE">RF</a>) and Schlumberger Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) and American Express Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AXP#NYSE">AXP</a>) are among the noteworthy <a href="https://www.benzinga.com/calendars/earnings">companies reporting ahead of the market opening</a>.</li>
<li>CVS Health Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CVS#NYSE">CVS</a>) fell over 10% after the Wall Street Journal reported that the company is naming longtime executive David Joyner as its new chief, succeeding Karen Lynch.</li>
<li>Coherent Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) fell over 6% on a negative analyst action.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures pulled back modestly but gold futures gained ground as they scaled a fresh record. Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) added over 1.50% over the past 24 hours and traded just under the $68K mark.
The 10-year U.S. Treasury note yield was little changed at 4.097%.
Asian stocks closed mostly higher, led by China and Hong Kong, which rallied on the back of the Chinese third-quarter GDP data. The Japanese market benefited from the yen&#8217;s weakness. The European Central Bank&#8217;s rate cut also buoyed sentiment.
The European markets also advanced in early trading, although the U.K. market was experiencing some weakness.
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US Stocks Set To End Week Strong As Netflix Q3 Earnings Boost Optimism, Gold Hits New Highs: What's Driving Sentiment Friday?

As of Oct. 14, 2024, two stocks in the information technology sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">CompoSecure Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CMPO#NASDAQ">CMPO</a>)</h3>
<ul>
<li>On Aug. 7, CompoSecure reported better-than-expected second-quarter financial results. &#8220;I am pleased to report another record quarter of Net Sales and Adjusted EBITDA, driven by continued growth in our domestic business and strong international demand from the launch of new programs,&#8221; said Jon Wilk, President and CEO of CompoSecure. We continue to support our customer&#8217;s ability to offer highly attractive premium card programs such as the limited edition Amex White Gold Card and the first Wells Fargo and Expedia co-branded metal card, as well as driving growth with innovative products through our Echo Mirror Card and LED card. The company's stock gained around 16% over the past month and has a <a href="https://www.benzinga.com/quote/CMPO">52-week high of $14.39</a>.</li>
<li>RSI Value: 76.09&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>CMPO Price Action: Shares of CompoSecure gained 3% to close at $14.30 on Friday.</li>
</ul>
<h3 class="wp-block-heading">Coherent Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>)</h3>
<ul>
<li>On Oct. 14, Needham analyst James Ricchiuti maintained Coherent with a Buy and raised the price target from $84 to $120. On Oct. 11, Coherent named Sherri Luther as CFO. The company's stock gained around 39% over the past month and &lt;a href=&#8221;https://www.benzinga.com/quote/COHR&#8221;&gt;&lt;em&gt; has a 52-week high &lt;/em&gt;&lt;/a&gt; of $104.67.</li>
<li>RSI Value: 85.47</li>
<li>COHR Price Action: Shares of Coherent rose 5.6% to close at $104.62 on Friday. </li>
</ul>
Read More:<a href="https://www.benzinga.com/news/24/10/41308141/this-analyst-with-85-accuracy-rate-sees-around-20-upside-in-amd-here-are-5-stock-picks-for-last-week"> </a>
<ul>
<li><a href="https://www.benzinga.com/news/24/10/41308141/this-analyst-with-85-accuracy-rate-sees-around-20-upside-in-amd-here-are-5-stock-picks-for-last-week">This Analyst With 85% Accuracy Rate Sees Around 20% Upside In AMD &#8211; Here Are 5 Stock Picks For Last Week From Wall Street&#8217;s Most Accurate Analysts</a></li>
</ul>

CMPO

Top 2 Tech Stocks That May Dip In October

General

Coherent shares are trading higher after Needham maintained a Buy rating on the stock and raised its price target from $84 to $120. The company last week announced a new CFO.

Needham analyst James Ricchiuti maintains Coherent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) with a Buy and raises the price target from $84 to $120.

Needham Maintains Buy on Coherent, Raises Price Target to $120

Coherent shares are trading higher after the company announced it has a new CFO

Management

Coherent Names Sherri Luther As CFO Effective Today, Oct. 11, 2024

High-rolling investors have positioned themselves bullish on Coherent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>), and it's important for retail traders to take note. 
\This activity came to our attention today through Benzinga's tracking of publicly available options data. The identities of these investors are uncertain, but such a significant move in COHR often signals that someone has privileged information.
Today, Benzinga's options scanner spotted 15 options trades for Coherent. This is not a typical pattern.
The sentiment among these major traders is split, with 86% bullish and 13% bearish. Among all the options we identified, there was one put, amounting to $42,015, and 14 calls, totaling $1,444,002.
<h3>Projected Price Targets</h3>
Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $90.0 to $120.0 for Coherent over the recent three months. 
<h3>Volume &amp; Open Interest Development</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Coherent's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Coherent's substantial trades, within a strike price spectrum from $90.0 to $120.0 over the preceding 30 days.
<h3>Coherent Option Volume And Open Interest Over Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728505912_0.png" alt="Options Call Chart" />
<h3>Significant Options Trades Detected:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COHR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$16.7</td>
<td>$16.6</td>
<td>$16.7</td>
<td>$100.00</td>
<td>$318.9K</td>
<td style="text-align: right;">404</td>
<td style="text-align: right;">457</td>
</tr>
<tr>
<td>COHR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$17.0</td>
<td>$16.6</td>
<td>$17.0</td>
<td>$100.00</td>
<td>$224.9K</td>
<td style="text-align: right;">404</td>
<td style="text-align: right;">266</td>
</tr>
<tr>
<td>COHR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>05/16/25</td>
<td>$16.8</td>
<td>$16.4</td>
<td>$16.8</td>
<td>$100.00</td>
<td>$223.4K</td>
<td style="text-align: right;">404</td>
<td style="text-align: right;">96</td>
</tr>
<tr>
<td>COHR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$18.1</td>
<td>$17.9</td>
<td>$18.0</td>
<td>$90.00</td>
<td>$108.0K</td>
<td style="text-align: right;">485</td>
<td style="text-align: right;">61</td>
</tr>
<tr>
<td>COHR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$18.2</td>
<td>$17.8</td>
<td>$18.0</td>
<td>$90.00</td>
<td>$104.4K</td>
<td style="text-align: right;">485</td>
<td style="text-align: right;">129</td>
</tr>
</tbody>
</table>

<h3>About Coherent</h3>
Coherent Corp engaged in materials, networking, and lasers, is a vertically integrated manufacturing company that develops, manufactures, and markets engineered materials, optoelectronic components and devices, and lasers for use in the industrial, communications, electronics and instrumentation markets. The firm operates in three segments Networking, Materials, and Lasers Segment. It generates maximum revenue from Networking segment. The company geographically operates in North America. Europe, China, Japan and Rest of the world.
<h3>Present Market Standing of Coherent</h3>
<ul>
<li>With a volume of 1,689,631, the price of COHR is up 1.61% at $99.45. </li>
<li>RSI indicators hint that the underlying stock may be overbought.</li>
<li>Next earnings are expected to be released in 26 days.</li>
</ul>
<h3>Professional Analyst Ratings for Coherent</h3>
Over the past month, 1 industry analysts have shared their insights on this stock, proposing an average target price of $108.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Coherent with a target price of $108. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Coherent with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

Market Whales and Their Recent Bets on COHR Options

Coherent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) has outperformed the market over the past 15 years by 2.02% on an annualized basis producing an average annual return of 13.72%. Currently, Coherent has a market capitalization of $15.12 billion. 
Buying $1000 In COHR: If an investor had bought $1000 of COHR stock 15 years ago, it would be worth $6,915.53 today based on a price of $98.65 for COHR at the time of writing.
<h3>Coherent's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728504162_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Coherent 15 Years Ago Would Be Worth This Much Today

During the last three months, 15 analysts shared their evaluations of Coherent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>), revealing diverse outlooks from bullish to bearish.
The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.
<table>
<thead>
<tr>
<th></th>
<th style="text-align: right;">Bullish</th>
<th style="text-align: right;">Somewhat Bullish</th>
<th style="text-align: right;">Indifferent</th>
<th style="text-align: right;">Somewhat Bearish</th>
<th style="text-align: right;">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td style="text-align: right;">10</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">3</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td style="text-align: right;">9</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">2</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">1</td>
<td style="text-align: right;">0</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>
Analysts provide deeper insights through their assessments of 12-month price targets, revealing an average target of $82.93, a high estimate of $108.00, and a low estimate of $50.00. This current average has increased by 20.19% from the previous average price target of $69.00. 
<img src="https://www.benzinga.com/files/images/story/2024/1728068470_0.png" alt="price target chart" />
<h2>Breaking Down Analyst Ratings: A Detailed Examination</h2>
A comprehensive examination of how financial experts perceive Coherent is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Vivek Arya</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$108.00</td>
<td>$90.00</td>
</tr>
<tr>
<td>Mark Miller</td>
<td>Benchmark</td>
<td>Raises</td>
<td>Buy</td>
<td>$90.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Tim Savageaux</td>
<td>Northland Capital Markets</td>
<td>Raises</td>
<td>Market Perform</td>
<td>$50.00</td>
<td>$45.00</td>
</tr>
<tr>
<td>Richard Shannon</td>
<td>Craig-Hallum</td>
<td>Raises</td>
<td>Buy</td>
<td>$85.00</td>
<td>$72.00</td>
</tr>
<tr>
<td>Ruben Roy</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$85.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Dave Kang</td>
<td>B. Riley Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$86.00</td>
<td>$78.00</td>
</tr>
<tr>
<td>Mike Genovese</td>
<td>Rosenblatt</td>
<td>Raises</td>
<td>Buy</td>
<td>$84.00</td>
<td>$76.00</td>
</tr>
<tr>
<td>Meta Marshall</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$72.00</td>
<td>$58.00</td>
</tr>
<tr>
<td>James Ricchiuti</td>
<td>Needham</td>
<td>Raises</td>
<td>Buy</td>
<td>$84.00</td>
<td>$72.00</td>
</tr>
<tr>
<td>Vivek Arya</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$90.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Tom O'Malley</td>
<td>Barclays</td>
<td>Raises</td>
<td>Overweight</td>
<td>$85.00</td>
<td>$66.00</td>
</tr>
<tr>
<td>Ruben Roy</td>
<td>Stifel</td>
<td>Raises</td>
<td>Buy</td>
<td>$75.00</td>
<td>$68.00</td>
</tr>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$85.00</td>
<td>$75.00</td>
</tr>
<tr>
<td>Vivek Arya</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$75.00</td>
<td>$65.00</td>
</tr>
<tr>
<td>Mehdi Hosseini</td>
<td>Susquehanna</td>
<td>Raises</td>
<td>Neutral</td>
<td>$90.00</td>
<td>$55.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Coherent. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Coherent compared to the broader market.</li>
<li>Price Targets: Gaining insights, analysts provide estimates for the future value of Coherent's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Coherent's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
<a href="https://www.benzinga.com/quote/COHR/analyst-ratings?utm_source=Benzinga Insights">Stay up to date on Coherent analyst ratings.</a>
<h2>Unveiling the Story Behind Coherent</h2>
Coherent Corp engaged in materials, networking, and lasers, is a vertically integrated manufacturing company that develops, manufactures, and markets engineered materials, optoelectronic components and devices, and lasers for use in the industrial, communications, electronics and instrumentation markets. The firm operates in three segments Networking, Materials, and Lasers Segment. It generates maximum revenue from Networking segment. The company geographically operates in North America. Europe, China, Japan and Rest of the world.
<h3>Coherent's Financial Performance</h3>
Market Capitalization Analysis: The company's market capitalization surpasses industry averages, showcasing a dominant size relative to peers and suggesting a strong market position.
Revenue Growth: Coherent's revenue growth over a period of 3 months has been noteworthy. As of 30 June, 2024, the company achieved a revenue growth rate of approximately 9.07%. This indicates a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Coherent's net margin surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive -6.08% net margin, the company effectively manages costs and achieves strong profitability.
Return on Equity (ROE): Coherent's ROE excels beyond industry benchmarks, reaching -1.51%. This signifies robust financial management and efficient use of shareholder equity capital.
Return on Assets (ROA): Coherent's ROA stands out, surpassing industry averages. With an impressive ROA of -0.55%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Coherent's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.83, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>What Are Analyst Ratings?</h2>
Analysts are specialists within banking and financial systems that typically report for specific stocks or within defined sectors. These people research company financial statements, sit in conference calls and meetings, and speak with relevant insiders to determine what are known as analyst ratings for stocks. Typically, analysts will rate each stock once a quarter. 
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
Breaking: Wall Street's Next Big Mover
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Evaluating Coherent: Insights From 15 Financial Analysts

Investors with a lot of money to spend have taken a bullish stance on Coherent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with COHR, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 12 options trades for Coherent.
This isn't normal.
The overall sentiment of these big-money traders is split between 50% bullish and 33%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $45,000, and 11, calls, for a total amount of $699,457.
<h3>Predicted Price Range</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $85.0 to $140.0 for Coherent over the last 3 months. 
<h3>Insights into Volume &amp; Open Interest</h3>
In terms of liquidity and interest, the mean open interest for Coherent options trades today is 166.33 with a total volume of 706.00.
In the following chart, we are able to follow the development of volume and open interest of call and put options for Coherent's big money trades within a strike price range of $85.0 to $140.0 over the last 30 days.
<h3>Coherent 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1728062170_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th style="text-align: right;">Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>COHR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$21.3</td>
<td>$21.2</td>
<td>$21.3</td>
<td>$85.00</td>
<td>$106.5K</td>
<td style="text-align: right;">414</td>
<td style="text-align: right;">100</td>
</tr>
<tr>
<td>COHR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>01/16/26</td>
<td>$13.3</td>
<td>$11.3</td>
<td>$11.3</td>
<td>$140.00</td>
<td>$90.4K</td>
<td style="text-align: right;">135</td>
<td style="text-align: right;">80</td>
</tr>
<tr>
<td>COHR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>02/21/25</td>
<td>$21.3</td>
<td>$21.0</td>
<td>$21.1</td>
<td>$85.00</td>
<td>$88.6K</td>
<td style="text-align: right;">414</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>COHR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>05/16/25</td>
<td>$17.0</td>
<td>$16.8</td>
<td>$16.9</td>
<td>$100.00</td>
<td>$84.4K</td>
<td style="text-align: right;">215</td>
<td style="text-align: right;">50</td>
</tr>
<tr>
<td>COHR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>05/16/25</td>
<td>$16.0</td>
<td>$15.7</td>
<td>$16.0</td>
<td>$100.00</td>
<td>$80.0K</td>
<td style="text-align: right;">215</td>
<td style="text-align: right;">150</td>
</tr>
</tbody>
</table>

<h3>About Coherent</h3>
Coherent Corp engaged in materials, networking, and lasers, is a vertically integrated manufacturing company that develops, manufactures, and markets engineered materials, optoelectronic components and devices, and lasers for use in the industrial, communications, electronics and instrumentation markets. The firm operates in three segments Networking, Materials, and Lasers Segment. It generates maximum revenue from Networking segment. The company geographically operates in North America. Europe, China, Japan and Rest of the world.
<h3>Where Is Coherent Standing Right Now?</h3>
<ul>
<li>Currently trading with a volume of 1,919,016, the COHR's price is up by 1.31%, now at $95.5. </li>
<li>RSI readings suggest the stock is currently may be overbought.</li>
<li>Anticipated earnings release is in 31 days.</li>
</ul>
<h3>Professional Analyst Ratings for Coherent</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $108.0.
Turn $1000 into $1270 in just 20 days?
20-year pro options trader reveals his one-line chart technique that shows when to buy and sell. Copy his trades, which have had averaged a 27% profit every 20 days. <a href="https://www.benzinga.com/premium/ideas/options-moneyline-2/?t=Moop1arja3be22op14&amp;utm_source=benzinga-insights">Click here for access</a>. 
&#x2A; Consistent in their evaluation, an analyst from B of A Securities keeps a Buy rating on Coherent with a target price of $108. 
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Coherent with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Looking At Coherent's Recent Unusual Options Activity

B of A Securities analyst Vivek Arya maintains Coherent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) with a Buy and raises the price target from $90 to $108.

B of A Securities Maintains Buy on Coherent, Raises Price Target to $108

Coherent Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) shares are trading lower on Friday following the announcement of the sale of its manufacturing <a href="https://www.benzinga.com/pressreleases/24/09/g41065724/coherent-announces-sale-of-uk-manufacturing-facility-following-strategic-review" target="_blank" rel="noreferrer noopener">facility in Newton Aycliffe, County Durham, U.K.</a>
This sale is part of the company&#8217;s strategy to streamline operations and optimize its global footprint.
The 310,000-square-foot facility, located in Aycliffe Business Park, was acquired by the former II VI Incorporated (now Coherent Corp.) in 2017. Macquarie Semiconductor and Technology, a unit of Macquarie Group&#8217;s Commodities and Global Markets division, served as the transaction consultant, while Taylor Wessing provided legal advice to Coherent.
According to&nbsp;<a href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" target="_blank" rel="noreferrer noopener">Benzinga Pro</a>, Coherent stock has gained over 183% in the past year.
Also Read: <a target="_blank" href="https://www.benzinga.com/news/earnings/24/08/40414154/coherent-analysts-increase-their-forecasts-after-upbeat-earnings" rel="noreferrer noopener">Coherent Analysts Increase Their Forecasts After Upbeat Earnings</a>
Investors can gain exposure to the stock via&nbsp;ProShares Nanotechnology ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TINY#NYSE">TINY</a>) and&nbsp;Professionally Managed Portfolios Otter Creek Focus Strategy ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/OCFS#NYSE">OCFS</a>).
On Thursday, the company announced the launch today of its 200 mm silicon carbide <a href="https://www.benzinga.com/pressreleases/24/09/g41056528/coherent-expands-silicon-carbide-200-mm-n-type-epitaxial-wafer-production" target="_blank" rel="noreferrer noopener">epitaxial wafers (SiC epi-wafers)</a>. Shipments of substrate and epi-wafers with thicknesses of 350 microns and 500 microns are now in progress.
Earlier this year,&nbsp;Coherent launched a next-generation high-power laser sensor designed to support the expanding high-power applications market and can reduce&nbsp;<a href="https://www.benzinga.com/pressreleases/24/05/g39080433/coherent-introduces-high-power-laser-sensor" target="_blank" rel="noreferrer noopener">measurement times by up to 500%</a>.
COHR Price Action: Coherent shares are trading lower by 2.63% to $89.99 at publication Friday.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/equities/24/09/41068397/tesla-cranks-up-the-heat-in-china-extends-5-year-0-interest-loan-offer-to-oct-31" target="_blank" rel="noreferrer noopener">Tesla Cranks Up The Heat In China, Extends 5-Year, 0% Interest Loan Offer to Oct 31</a></li>
</ul>
Photo: Shutterstock

Global

Tech

Professionally Managed Portfolios Otter Creek Focus Strategy ETF

OCFS

TINY

What's Going On With Coherent Stock Friday?

Asset Sales

Coherent Announces The Sale Of Its UK Manufacturing Facility, Financial Terms Not Disclosed

Substrate and epi-wafer shipments from the company at 350 micron and 500 micron thickness are now underway.

Coherent Launches Its 200 Mm Silicon Carbide Epitaxial Wafers

<a href="https://www.cnbc.com/2024/09/26/nvidia-is-missing-key-technology-and-do-a-deal-to-get-it-says-susquehanna-analyst-.html" title="https://www.cnbc.com/2024/09/26/nvidia-is-missing-key-technology-and-do-a-deal-to-get-it-says-susquehanna-analyst-.html">https://www.cnbc.com/2024/09/26/nvidia-is-missing-key-technology-and-do-a-deal-to-get-it-says-susquehanna-analyst-.html</a>

LITE

MRVL

NVDA

'Optical And Photonic Products Manufacturer Lumentum Holdings, Engineered Materials And Optoelectronic Components Maker Coherent And Semiconductor Producer Marvell Technology Are Among Several Names Rolland Listed As Potential Candidates For An Nvidia Acquisition' - CNBC PRO

Coherent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) has outperformed the market over the past 15 years by 2.02% on an annualized basis producing an average annual return of 14.04%. Currently, Coherent has a market capitalization of $13.80 billion. 
Buying $100 In COHR: If an investor had bought $100 of COHR stock 15 years ago, it would be worth $707.77 today based on a price of $90.03 for COHR at the time of writing.
<h3>Coherent's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1727289026_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Here's How Much $100 Invested In Coherent 15 Years Ago Would Be Worth Today

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Ciena drops as JPMorgan cuts on valuation worries

Datacenter capex forecasts to grow at least 40% in 2025: Citi

Coherent names next CFO

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Needham analyst James Ricchiuti has maintained their bullish stance on COHR stock, giving a Buy rating on October 3. James Ricchiuti has given his ...

Buy Rating Affirmed for Coherent Corp on Strong AI Sector Growth and Strategic Leadership

The most crowded longs and shorts in hardware & telecom equipment – Jefferies

Coherent Corp ( ($COHR) ) has shared an update. Coherent Corp., a leader in materials and laser technology, has announced inducement grants of rest...

Coherent Corp Announces New CFO Compensation Plan

Morgan Stanley analyst Meta Marshall maintained a Hold rating on Coherent Corp (COHR – Research Report) today and set a price target of $100.00. Th...

Morgan Stanley Sticks to Their Hold Rating for Coherent Corp (COHR)

Coherent slides as B. Riley downgrades on valuation concerns

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Press Releases

Coherent to Demonstrate 1.6T-DR8 and 800G-DR4 Transceivers at ECOC 2024, Showcasing Advanced Multi-Technology Solutions

Coherent to Demonstrate a Broad Portfolio of Innovative Products and Technologies at ECOC 2024

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