Sumitomo Mitsui Trust Group Adds $319M in Coherent Corp. ($COHR)
Sumitomo Mitsui Trust Group boosted its stake in Coherent Corp. to 755,294 shares, a 12,767% increase.
Key Points
- Sumitomo Mitsui Trust Group increased its stake in Coherent Corp. by 749,424 shares, bringing its total to 755,294 shares valued at $321.36 million.
- Coherent Corp. trades on the NYSE with a market cap of approximately $83.24 billion and a forward P/E ratio of 52.04.
- Recent insider activity at Coherent includes CEO James Robert Anderson selling 25,836 shares on June 3, 2026.
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Sumitomo Mitsui Trust Group has significantly increased its stake in Coherent Corp. (NYSE: COHR), according to a recent Form 13F filing with the SEC. The group added 749,424 shares during the reporting period, raising its total holdings to 755,294 shares. This marks a dramatic increase of 12,767%, with the stake now valued at approximately $321.36 million.
Sumitomo Mitsui Trust Group vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
What Changed in Sumitomo Mitsui Trust Group's Coherent Corp. Position
The Sumitomo Mitsui Trust Group's position in Coherent Corp. saw a substantial boost, as the fund grew its holdings from 5,870 shares to 755,294 shares. This increase of 749,424 shares represents a 12,767% surge in their investment, indicating a strong interest in the company. The total value of their stake now stands at about $321.36 million.
Other Institutional Activity in Coherent Corp.
Several other institutional investors have also been active in Coherent Corp. FMR LLC reduced its holdings by 946,136 shares, ending with 22,660,867 shares worth approximately $5.40 billion. On the other hand, BlackRock, Inc. added 499,098 shares to its portfolio, bringing its total to 14,952,975 shares valued at around $3.56 billion, a 3.5% increase. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both opened new positions, holding 12,179,609 shares and 9,459,601 shares, respectively. State Street Corp significantly increased its holdings by 3,031,466 shares, now owning 7,747,916 shares valued at about $1.85 billion, marking a 64.3% rise.
Coherent Corp. Stock Up 52.4%
Shares of Coherent Corp. (NYSE: COHR) traded near $425.48 on Tuesday. The company boasts a market capitalization of approximately $83.24 billion. It has a P/E ratio of 202.61 and a forward P/E of 52.04, with a beta of 2.054. Over the past year, the stock has seen a low of $77.84 and a high of $440.00. Its 50-day moving average stands at $357.24, while the 200-day moving average is $223.90. Coherent maintains a healthy current ratio of 3.05 and a quick ratio of 1.709, with a debt-to-equity ratio of 31.093.
$COHR stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Coherent Corp. reported revenue of approximately $6.60 billion with a growth rate of 20.5%. The company's net margin is 7.1%, and it has a return on equity of 4.72%. The next earnings report is expected on August 12, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
3 analysts raised price targets.
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EPS & revenue
EPS missed estimates by 1.1%. Revenue missed estimates by 0.5%.
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Profit surprise
EBITDA missed by 59 percent. Operating income missed by 63 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
3 target raises.
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Earnings quality
Gross margin up 2.4 points. Operating margin down 1.5 points. Positive free cash flow.
Earnings Call Summary
Coherent reported $1.81 billion in revenue for the first quarter, up 19 percent year over year on a pro forma basis. The company is experiencing record orders and exceptionally strong demand across its datacenter and communications businesses, driven by AI data center expansion and optical networking adoption. Management is aggressively ramping indium phosphide laser production capacity at two sites and expects to double capacity over the next year, with six-inch production yields exceeding three-inch lines.
Guidance Management expects second quarter revenue between $1.56 billion and $1.7 billion, with datacom growing 10 percent sequentially from supply improvement. Gross margin is projected between 38 and 40 percent, and EPS between $1.10 and $1.30 per share.
Fine but not compelling. Acceptable results that likely do not create a meaningful forward reset.
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 purchased 2,000 shares at $21.67 on the same day.
Analysts Set New Price Targets
Analysts have recently updated their price targets for Coherent Corp. On May 7, 2026, TD Cowen and Rosenblatt both maintained their buy ratings, setting price targets at $395.00 and $425.00, respectively. Stifel also maintained a buy rating with a target of $412.00 on May 5, 2026. On May 1, 2026, Rothschild & Co initiated coverage with a buy rating and a target of $455.00. The consensus among analysts is a buy rating, with a mean price target of $384.45 based on 22 opinions.
About Coherent Corp.
Coherent Corp., headquartered in Saxonburg, Pennsylvania, is a technology company involved in the development, manufacturing, and marketing of engineered materials and optoelectronic components. The company serves a variety of markets, including industrial, communications, electronics, and instrumentation. Coherent operates through three main segments: Networking, Materials, and Lasers. Under the leadership of CEO James Robert Anderson, Coherent employs approximately 30,216 people.
Bottom Line
Investors often track institutional moves like Sumitomo Mitsui Trust Group's significant increase in Coherent Corp. as a sign of confidence. However, it's important to remember that 13F filings are historical and may not reflect current positions. Coherent Corp. continues to be a notable player in the technology sector, with recent insider sales and active institutional interest. The company's upcoming earnings report in August will be closely watched.
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