Xia Howard H., a director at Coherent Corp. (NASDAQ:NYSE:COHR), a technology company with a market capitalization of $16.48 billion, recently disclosed stock transactions that include both acquisitions and sales. The stock has shown remarkable performance, surging 144.75% year-to-date and currently trading near $112.78. On December 3 and 4, Howard acquired a total of 2,970 shares through option exercises at a price of $17.84 per share, totaling approximately $52,984. On the same days, Howard sold a total of 2,970 shares of common stock, with transaction prices ranging from $106.00 to $112.00 per share, amounting to $324,270 in total sales.
Following these transactions, Howard holds 47,747 shares directly. These movements in stock holdings are part of routine filings that provide transparency into the trading activities of corporate insiders.
In other recent news, Coherent Corp's earnings and revenue results have been a focal point. The company reported its first-quarter results for fiscal year 2025 and set projections for the second quarter. No specific financial misses were mentioned, but potential risks that could affect actual results were acknowledged.
In additional updates, Jefferies has initiated coverage on Coherent with a Buy rating, seeing potential growth under CEO Jim Anderson. Similarly, Citi upgraded its rating for Coherent to a Buy, setting a new price target of $136.00 and anticipating an earnings power exceeding $5.00 per share by the fiscal year ending in June 2026.
Coherent Corp. has also been active on the governance front. During its recent Annual Meeting, shareholders approved an amended incentive plan and elected Class One Directors. These developments reflect the company's ongoing efforts to streamline operations and strengthen its financial position in the competitive laser technology market.
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