17 stories mentioning COHRUpdated 8d ago
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Lisa Neal-Graves, Director, on September 02, 2026, sold 2,200 shares in Coherent (COHR) for $590,524. Following the Form 4 filing with the SEC, Neal-Graves has control over a total of 13,033 common shares of the company, with 13,033 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/820318/000089914026001054/xslF345X05/form4.xml
Julie Sheridan Eng, Chief Technology Officer, on August 28, 2026, sold 13,077 shares in Coherent (COHR) for $3,583,081. Following the Form 4 filing with the SEC, Eng has control over a total of 41,027 common shares of the company, with 41,027 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/820318/000089914026001037/xslF345X05/form4.xml
Sherri R Luther, Chief Financial Officer, on August 18, 2026, sold 3,000 shares in Coherent (COHR) for $972,000. Following the Form 4 filing with the SEC, Luther has control over a total of 64,475 common shares of the company, with 64,475 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/820318/000089914026000912/xslF345X05/form4.xml
Coherent (COHR) has an average rating of overweight and mean price target of $412.87, according to analysts polled by FactSet.Price: $336.42, Change: $-19.22, Percent Change: -5.40%
Coherent's (COHR) next catalyst for its stock is more clarity on the orders and timing for its Near-Packaged Optics products, Morgan Stanley said in a Thursday note.The company's fiscal Q4 results were mostly in line with expectations, although it is ramping up capacity quicker than anticipated, with data center growth up 24% sequentially, Morgan Stanley analysts said. The gross margin increase was on par with the previous quarter, but incremental operating margins showed upside with revenue materially higher, the analysts said.Coherent's EPS for the quarter rose, driven by increased supply and healthy incrementals, according to the note.The rebound in stock price prior to the quarter reflects reports that the US Federal Communications Commission is planning to ban imports of new models of Chinese optical transceivers, as well as its recent results, the analysts said.Morgan Stanley revised its fiscal Q1 non-GAAP EPS and revenue estimates to $1.96 and $2.3 billion from $1.77 and $2.12 billion previously. The brokerage also adjusted its fiscal 2027 non-GAAP EPS and revenue estimates to $9.24 and $10.55 billion from $8.14 and $9.46 billion previously.Morgan Stanley maintained the company's stock rating at equalweight and raised the price target to $375 from $330.Price: $346.08, Change: $-9.56, Percent Change: -2.69%
(Updates with economic data, recent oil price movement, world markets' overview and corporate stock movements.)US equity futures were mostly flat pre-bell Thursday as traders evaluated another key inflation report, after yesterday's July consumer inflation reading matched forecasts.Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were up 0.1%, and Nasdaq futures were down 0.1%.The July consumer price index rose 0.1% as expected, following a 0.4% decline in the previous month, according to data released by the Bureau of Labor Statistics on Wednesday.The US and Iran have made no progress on talks to revive the interim peace deal made in June, Reuters reported Wednesday, citing a senior Iranian source. President Donald Trump said in a post on Truth Social that the US has "total control" over the Strait of Hormuz, to which Iran responded that the waterway is "under Iran's control and management."Traders also digested the latest round of earnings, with Cisco Systems (CSCO) posting higher fiscal Q4 adjusted earnings and revenue.Applied Materials (AMAT) is expected to report its fiscal Q3 earnings after the market closes. Analysts polled by FactSet expect earnings of $3.40 per share on revenue of $9 billion.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 2.3% at $86.94 per barrel and US West Texas Intermediate crude 2.5% lower at $81.18 per barrel.The US Producer Price Index, released at 8:30 am ET, held steady in July following a 0.1% decrease in May, compared with an expected 0.2% gain in a survey compiled by Bloomberg. Initial jobless claims climbed to 209,000 in the week ended Aug. 8 from 200,000 in the previous week, compared with expectations for an increase to 202,000.Federal Reserve Cleveland President Beth Hammack, Richmond President Thomas Barkin, and Atlanta Fed Interim President Cheryl Venable are slated to speak on Thursday.In other world markets, Japan's Nikkei closed 1.2% higher, Hong Kong's Hang Seng ended 0.2% lower, and China's Shanghai Composite finished 0.5% lower. Meanwhile, the UK's FTSE 100 was down 0.4%, and Germany's DAX index was 0.4% higher in Europe's early afternoon session.In equities, Cisco stock was down 6.8% after the company reported its fiscal Q4 financial results. Cerebras Systems (CBRS) shares fell more than 15% after the company swung to a Q2 net loss. Coherent (COHR) stock was 6% lower despite the company posting higher fiscal Q4 adjusted earnings and revenue.On the winning side, Brookfield (BN) shares rose 1.5% after the company reported higher distributable earnings and revenue for Q2. Mitsubishi UFJ Financial Group (MUFG) stock was up 2.4% after the company said it was collaborating with Progmat and Digital Asset Holdings on a proof-of-concept to bring Japanese government bond repurchase transactions on-chain through Canton Network. IBM (IBM) shares were up 1.1% after the company said it entered a partnership with OpenAI to help enterprises deploy AI across core business operations, modernize workflows, and strengthen cybersecurity.
Sherri R Luther, Chief Financial Officer, on July 22, 2026, sold 1,000 shares in Coherent (COHR) for $306,680. Following the Form 4 filing with the SEC, Luther has control over a total of 67,475 common shares of the company, with 67,475 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/820318/000089914026000726/xslF345X05/form4.xml
Coherent (COHR) has an average rating of overweight and mean price target of $392.59, according to analysts polled by FactSet.Price: $294.84, Change: $-15.93, Percent Change: -5.13%
Tesla (TSLA) CEO Elon Musk joined President Donald Trump on his recent trip to China in hopes of persuading Beijing to unblock exports of high-end solar manufacturing equipment from a Chinese supplier to the electric-vehicle maker's factories, the New York Times reported Thursday, citing a person familiar with the matter.Coherent (COHR), a Pennsylvania-based semiconductor company represented on the trip, has been trying to obtain indium phosphide, a material needed to make photonic chips for data centers, the report said.The delegation also included executives from Boeing (BA), Apple (AAPL) and Nvidia (NVDA), the report said.Tesla and Coherent didn't immediately reply to requests for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $419.47, Change: $+2.21, Percent Change: +0.53%
Coherent (COHR) has an average rating of overweight and mean price target of $384.12, according to analysts polled by FactSet.Price: $358.19, Change: $-24.26, Percent Change: -6.34%
B. Riley adjusted its price target on Vishay Precision Group (VPG) to $109 from $63 while maintaining the stock's buy rating.Shares advanced 18%, with intraday trading volume at over 846,000 from a daily average of about 248,000.Bank of America raised its price target on Coherent (COHR) to $400 from $365, while keeping its neutral rating.Shares advanced 10% as intraday trading volume stood at 4.67 million, compared with a daily average of about 7.58 million.Alibaba (BABA) shares rose 8% amid heavy trading after the company reported a year-over-year jump in fiscal Q4 revenue on Wednesday.More than 30.0 million shares traded intraday compared with a daily average of about 10.5 million.Price: $101.06, Change: $+15.49, Percent Change: +18.10%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our target by $55 to $412, 41x our CY 27 EPS estimate of $10.06, above COHR's three-year average of approximately 20x as significant AI demand has improved growth and visibility well beyond historical levels. We lower our FY 26 (Jun.) EPS by $0.13 to $5.48, increase FY 27's by $0.74 to $8.32, and lift FY 28's by $2.31 to $11.91. COHR is, impressively, a full quarter ahead of schedule in hitting its initial goal of doubling indium phosphide (InP) production capacity in CY 26. The company is also ambitiously projecting another doubling of InP capacity in CY 27, which - as the main supply constraint for COHR's advanced AI products - offers significant upside to sales growth and margin expansion, in our view. We also like that COHR has inked additional long-term agreements for CPO-related products with major data center/systems customers following the NVDA agreement announced in March, which should continue to improve visibility and lead to smoother growth results, with orders now extending through CY 28.
Coherent's (COHR) gross margin pickup is falling short of investor expectations and is likely to cause some digestion in the near term, Morgan Stanley analysts said in a Thursday note.Analysts said that Coherent's quarterly earnings report and call showed improvements in sequential revenue as capacity scales. Morgan Stanley said it does not expect the company to face constraints as it scales other businesses.Analysts said, however, that they have not yet seen material step-ups in the company's gross margins, even as its telecommunications portfolio reprices.Morgan Stanley raised its 2026 adjusted earnings estimate for the company to $5.48 from $5.42. Analysts polled by FactSet expect $5.44.Analysts retained an equalweight rating on the stock and raised its price target to $330 from $290.Price: $325.93, Change: $-18.74, Percent Change: -5.44%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:COHR reported Q3 FY 26 revenue of $1.81B (+21% Y/Y), beating consensus of $1.78B, while non-GAAP EPS of $1.41 (+55% Y/Y) exceeded the Street's $1.39 view. Datacenter & Communications revenue accelerated to 41% Y/Y growth, representing 75% of sales, while Industrial revenue declined 2% on a pro forma basis amid macro headwinds. We view the impressive margin expansion as validation of strong operational execution, with non-GAAP gross margin reaching 39.6% (+105 bps Y/Y) and operating margin hitting 20.3% (+163 bps Y/Y). Q4 guidance exceeded expectations with revenue midpoint of $1.98B (+29% Y/Y) and non-GAAP EPS of $1.62 (+62%) vs. consensus of $1.91B and $1.54. We believe CPO momentum continues building with an exceptionally large purchase order secured and NVDA's equity investment providing additional validation. We expect the planned doubling of InP capacity by 2027 to unlock further growth as higher-margin 1.6T transceivers and 6-inch wafers drive favorable product mix.
Coherent (COHR) has an average rating of overweight and mean price target of $320.02, according to analysts polled by FactSet.
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We lift our price target from $246 to $357, 41x our CY 2027 EPS view ($8.70), well above COHR's three-year average (~20x) given substantial AI demand and above our prior view (31x) on emerging upside in co-packaged optics (CPO). We keep our FY 26 (Jun.) EPS view at $5.61, lift FY 27's by $0.63 to $7.58, and initiate FY 28's at $9.60. Our price target increase primarily reflects growing NVDA-driven momentum around CPO in recent weeks. On March 2, NVDA announced a $2B equity investment in COHR alongside a multibillion-dollar, multiyear purchase commitment revolving around CPO/silicon photonics innovation. At GTC 2026 in mid-March, NVDA also provided a view of future computing platforms that would be much more CPO-heavy relative to copper, with CPO set to be used (rather than copper) for a portion of interconnects on the Rubin Ultra platform (2027) and 100% of utilization in Feynman (2028) vs. 0% in the Blackwell/Rubin architectures. We see massive upside here, with sales starting to roll in by CYE 2026.
Coherent (COHR) has an average rating of overweight and mean price target of $285.53, according to analysts polled by FactSet.
