Mirae Asset Global Investments Adds $17M in Coherent Corp. ($COHR)
Key Points
- Mirae Asset Global Investments changed its Coherent Corp. ($COHR) stake by 15.1% last quarter, boosting to 332,425 shares worth $127.99 million.
- Wall Street's consensus rating on $COHR is Buy and an average price target of $384.45.
- $COHR last traded around $385.03.
Mirae Asset Global Investments increased its position in Coherent Corp. ($COHR) by 15.1% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 332,425 shares of Coherent Corp. after buying 43,536 shares during the quarter. Mirae Asset Global Investments's holdings in Coherent Corp. were worth $127.99 million as of its most recent filing.
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About Coherent Corp.
Coherent Corp. develops, manufactures, and markets engineered materials, optoelectronic components and devices, and laser systems for the use in the industrial, communications, electronics, and instrumentation markets worldwide. It operates through three segments: Networking, Materials, and Lasers. The Networking segment offers transceivers, systems, subsystems, modules, components, optics, and semiconductor devices for datacenter and communications applications. The Materials segment provides engineered materials, laser optics, thermoelectric components, and advanced ceramic and metal-matrix composite materials and products; and vertical-cavity surface-emitting laser, edge-emitting laser, pump lasers, high-power lasers for materials processing, and integrated circuit. The Laser segment offers excimer lasers, solid-state lasers, CO2 lasers, and laser systems for various industrial applications, including semiconductor capital equipment, display manufacturing, precision manufacturing, and scientific research; and laser systems and subsystems. It markets its products and services through direct sales force, representatives, and distributors. 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.
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