Gotham Asset Management 13F: Cuts Coherent (COHR) Stake by $7.7M

Gotham Asset Management has trimmed its position in Coherent Corp. (NYSE: COHR), cutting its holdings by 13.8%. The fund sold 18,860 shares, leaving it with 118,031 shares valued at approximately $48.8 million as of its recent SEC filing on May 15, 2026.

What Changed in Gotham Asset Management's Coherent Corp. Position

Gotham Asset Management reduced its stake in Coherent Corp. from 136,891 shares to 118,031 shares, a decrease of 18,860 shares. This move represents a 13.8% reduction in its holdings, aligning with a reported value of $48.8 million.

Other Institutional Activity in Coherent Corp.

Several other funds also adjusted their positions in Coherent Corp. FMR LLC reduced its holdings by 946,136 shares, ending with 22,660,867 shares valued at about $5.4 billion. In contrast, BlackRock, Inc. added 499,098 shares, reaching a total of 14,952,975 shares worth around $3.56 billion. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both increased their positions significantly, with final share counts of 12,179,609 and 9,459,601 shares, respectively. State Street Corp also increased its holdings by 3,031,466 shares to 7,747,916 shares, valued at approximately $1.85 billion.

Coherent Corp. Stock Up 54.7%

Shares of Coherent Corp. (NYSE: COHR) are trading near $413.84. The company has a market capitalization of about $80.96 billion and a P/E ratio of 196.13. Its beta stands at 2.054, suggesting higher volatility compared to the market. The stock's 52-week range is between $77.84 and $440.00, with a 50-day moving average of $350.02 and a 200-day moving average of $219.51.

Recent Earnings

Coherent Corp. reported revenue of $6.6 billion, with a revenue growth rate of 20.5%. The company achieved an EPS of $2.11, a net margin of 7.1%, and a return on equity of 4.7%. The next earnings report is scheduled for August 12, 2026.

Insider Buying and Selling at Coherent Corp.

Recent insider transactions at Coherent Corp. include CEO James Robert Anderson selling 25,836 shares on June 3, 2026, at an average price of $426.89. Chief Financial Officer Sherri Luther sold 2,000 shares on May 12, 2026, at $372.96 under a planned sale. Additionally, Howard Xia sold 2,000 shares on May 11, 2026, at $354.50 and bought 2,000 shares at $21.67 on the same day.

Analysts Set New Price Targets

Analysts have set new price targets for Coherent Corp. On May 7, 2026, TD Cowen and Rosenblatt maintained buy ratings with price targets of $395 and $425, respectively. Stifel also maintained a buy rating with a $412 target on May 5, 2026. The consensus among analysts is a buy recommendation, with an average target price of $384.45 across 22 analyst opinions.

About Coherent Corp.

Coherent Corp., headquartered in Saxonburg, Pennsylvania, is a leader in the technology sector, focusing on scientific and technical instruments. The company develops and markets engineered materials, optoelectronic components, and laser systems. It operates through three main segments: Networking, Materials, and Lasers, serving various markets worldwide. Coherent Corp. was formerly known as II-VI Incorporated before rebranding in September 2022.

Bottom Line

Gotham Asset Management's reduction in Coherent Corp. shares reflects a strategic move, though the company remains a significant player in its portfolio. Investors often track such filings to gauge institutional sentiment, but it's important to remember that these filings are historical and may not represent current positions. Coherent Corp.'s robust market presence and ongoing analyst support highlight its continued relevance in the technology sector.