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Julie Sheridan Eng, Executive Vice President of Engineering at Coherent Corp (NASDAQ:COHR), sold a total of 6,936 shares of common stock on August 29, 2025. The sales were executed in multiple transactions with prices ranging from $90.36 to $93.54, totaling approximately $647,050. According to InvestingPro data, COHR has demonstrated strong momentum with a 20% return over the past six months, though the stock remains notably volatile.
On August 28, 2025, Eng also acquired 14,453 shares of Coherent Corp. common stock through a restricted stock unit award and 4,371 shares upon payout of Performance Share Units. Also on that day, 6,685 shares were withheld by the company to cover tax obligations at a price of $90.71, for a total value of $606,396. The company maintains a healthy financial position with a "GOOD" overall health score on InvestingPro, supported by strong liquidity ratios.
Following these transactions, Eng directly owns 53,682 shares of Coherent Corp. While the company is currently trading near its Fair Value according to InvestingPro analysis, ten analysts have recently revised their earnings expectations upward, suggesting potential optimism about the company’s future performance. Discover more insights and 8 additional ProTips with an InvestingPro subscription.
In other recent news, Coherent reported its fourth-quarter fiscal 2025 results, surpassing consensus expectations. The company achieved revenue that exceeded forecasts by 0.5% and delivered earnings per share $0.08 above estimates. Following these results, Stifel raised its price target for Coherent to $118, maintaining a Buy rating, while Needham also reiterated its Buy rating with a $120 price target. Despite the positive earnings, Coherent’s adjusted operating margin fell short of Street expectations. Additionally, BofA Securities downgraded Coherent from Buy to Neutral due to slowing growth in its data center business, although they increased the price target to $105. Rosenblatt, maintaining a Buy rating, adjusted its price target to $135, citing Coherent’s conservative guidance. In another development, Nova Minerals Limited received backing from Alaska Governor Mike Dunleavy and Australian Consul-General Tanya Bennett for its Estelle Gold and Critical Minerals Project. Infrastructure needs for the project, such as the West Susitna Access Road, were discussed, and a permit application for the road has been submitted.
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