William Blair Investment Management Reduces $79M in Coherent Corp. ($COHR)
Key Points
- William Blair Investment Management changed its Coherent Corp. ($COHR) stake by 23.5% last quarter, cutting to 668,137 shares worth $257.25 million.
- Wall Street's consensus rating on $COHR is Buy and an average price target of $384.45.
- $COHR last traded around $385.03.
William Blair Investment Management reduced its position in Coherent Corp. ($COHR) by 23.5% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 668,137 shares of Coherent Corp. after selling 204,923 shares during the quarter. William Blair Investment Management's holdings in Coherent Corp. were worth $257.25 million as of its most recent filing.
Coherent Corp. ($COHR) Stock
Coherent Corp. Earnings
Analysts Set New Price Targets
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.
See Also
This instant news alert was generated by automated narrative technology and financial data from Opentrades and public regulatory filings. It is for informational purposes only and is not financial advice.