Could Coherent, Inc. Increase After Today’s Tip From Option Traders?

 Could Coherent, Inc. Increase After Today's Tip From Option Traders?

In today’s session Coherent, Inc. (COHR) recorded an unusually high (618) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the February, 2017 put, expecting serious COHR decrease. With 618 contracts traded and 11234 open interest for the Feb, 17 contract, it seems this is a quite bearish bet. The option with symbol: COHR170217P00115000 closed last at: $8.7 or 9.4% down. About 19,165 shares traded hands. Coherent, Inc. (NASDAQ:COHR) has risen 32.49% since April 11, 2016 and is uptrending. It has outperformed by 26.35% the S&P500.

Coherent, Inc. (NASDAQ:COHR) Ratings Coverage

Out of 4 analysts covering Coherent (NASDAQ:COHR), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $130 is the highest target while $72 is the lowest. The $118.33 average target is -4.01% below today’s ($123.27) stock price. Coherent has been the topic of 9 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Friday, January 29 by Needham. TheStreet downgraded the stock to “Buy” rating in Wednesday, September 2 report. The stock of Coherent, Inc. (NASDAQ:COHR) earned “Buy” rating by Needham on Thursday, November 3. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, March 7 report. Benchmark maintained the stock with “Buy” rating in Thursday, November 10 report. The firm earned “Buy” rating on Friday, January 29 by Stifel Nicolaus. The company was maintained on Monday, May 23 by Benchmark.

According to Zacks Investment Research, “COHERENT INC. designs, manufactures, and supplies electro-optical systems and medical instruments utilizing laser, precision optic and microelectronic technologies. Co. integrates these technologies into a wide variety of products and systems designed to meet the productivity and performance needs of customers. Major markets include the scientific research community; medical institutions, clinics and private practices; lasers also support commercial applications, ranging from semiconductors and disk mastering to light shows and entertainment.”

Insitutional Activity: The institutional sentiment decreased to 0.97 in Q2 2016. Its down 0.36, from 1.33 in 2016Q1. The ratio fall, as 33 funds sold all Coherent, Inc. shares owned while 66 reduced positions. 35 funds bought stakes while 61 increased positions. They now own 20.88 million shares or 26.28% less from 28.33 million shares in 2016Q1.
Hbk Ltd Partnership accumulated 0.01% or 6,900 shares. Teachers Retirement System Of The State Of Kentucky last reported 0.01% of its portfolio in the stock. Arcadia Mngmt Corporation Mi reported 266 shares or 0.01% of all its holdings. Palisade Mngmt Llc Nj has 40,318 shares for 0.13% of their US portfolio. Employees Retirement Association Of Colorado has invested 0% of its portfolio in Coherent, Inc. (NASDAQ:COHR). Wellington Mgmt Llp reported 903,938 shares or 0.02% of all its holdings. Schwab Charles Invest Management last reported 106,615 shares in the company. Zacks Investment Management, a Illinois-based fund reported 29,843 shares. Pnc Svcs Gp owns 5,291 shares or 0% of their US portfolio. Pinebridge Limited Partnership has 3,081 shares for 0.01% of their US portfolio. Driehaus Cap Llc accumulated 19,731 shares or 0.06% of the stock. Axa has 13,300 shares for 0.01% of their US portfolio. Moreover, Independent Portfolio Consultants Inc has 0.26% invested in Coherent, Inc. (NASDAQ:COHR) for 9,125 shares. Wells Fargo And Mn has 0.02% invested in the company for 531,433 shares. First Personal Financial Svcs, a North Carolina-based fund reported 122 shares.

Insider Transactions: Since May 16, 2016, the stock had 0 insider buys, and 12 insider sales for $5.91 million net activity. On Tuesday, November 8 the insider DiMarco Bret sold $594,120. On Wednesday, August 3 KRAUSE L WILLIAM sold $2.42 million worth of the stock or 22,785 shares. SKAGGS STEPHEN A had sold 500 shares worth $54,300. 5,000 Coherent, Inc. (NASDAQ:COHR) shares with value of $533,726 were sold by JAMES SUSAN M.. SOBEY MARK STEWART also sold $434,919 worth of Coherent, Inc. (NASDAQ:COHR) shares.

Coherent, Inc. is a supplier of photonics solutions in a range of commercial and scientific research applications. The company has a market cap of $3.01 billion. The Firm designs, makes, services and markets lasers, laser tools and related accessories for a diverse group of customers. It has a 34.25 P/E ratio. It operates through two operating divisions: Specialty Lasers and Systems and Commercial Lasers and Components (CLC).

COHR Company Profile

Coherent, Inc., incorporated on January 11, 1989, is a supplier of photonics solutions for a range of commercial and scientific research applications. The Firm designs, makes, services and markets lasers and related accessories to customers. The Firm operates in two divisions: Specialty Lasers and Systems (SLS) and Commercial Lasers and Components (CLC).

More notable recent Coherent, Inc. (NASDAQ:COHR) news were published by: Prnewswire.com which released: “COHERENT, Inc. Announces Closing of Acquisition of ROFIN-SINAR Technologies” on November 07, 2016, also Prnewswire.com with their article: “Coherent, Inc. Reports Fourth Fiscal Quarter and Year-End Results” published on November 02, 2016, Streetinsider.com published: “Form 4 COHERENT INC For: Nov 08 Filed by: SPINELLI LUIS” on November 10, 2016. More interesting news about Coherent, Inc. (NASDAQ:COHR) were released by: Streetinsider.com and their article: “Coherent, Inc. (COHR) to Acquire ROFIN-SINAR (RSTI) in $942M Deal” published on March 16, 2016 as well as Prnewswire.com‘s news article titled: “Coherent, Inc. Announces Live Webcast of Third Quarter Fiscal Year 2016 Results” with publication date: July 14, 2016.

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