Coherent shares rise as investors keep bidding up AI-optics exposure after beat-and-raise quarter and fresh target hikes

Coherent Corp. (COHR) is up 3.5% today. Here is some analysis on what might have caused this price movement.

Analysis: The move looks tied to continued bullish follow-through from Coherent’s recent “beat-and-raise” quarterly results and ongoing analyst price-target increases focused on AI data-center optical demand. With AI networking/optics remaining a momentum pocket, incremental upgrades and upbeat forward guidance can keep attracting buyers even weeks after earnings.

Details:

Coherent’s fiscal Q3 2026 results highlighted $1.81B in revenue (up year over year) and improving profitability, with management emphasizing exceptionally strong demand in datacenter and communications.

The company’s outlook for fiscal Q4 2026 called for revenue between $1.91B and $2.05B, supporting expectations for continued growth into mid-2026.

Recent research notes have continued to lift valuation targets for the shares, including a price-target increase to $400 from $365 while maintaining a neutral rating, reinforcing the idea that the market is re-rating AI-photonics suppliers.

Coherent also has a multiyear strategic agreement with NVIDIA that includes an announced $2B investment to expand optics supply, R&D, and U.S.-based manufacturing—an overhang of positive sentiment for AI-infrastructure positioning.

Sources:

Coherent (Investor Relations), Nasdaq, StockAnalysis.com

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$COHR Insider Trading Activity

$COHR insiders have traded $COHR stock on the open market 23 times in the past 6 months. Of those trades, 0 have been purchases and 23 have been sales.

Here’s a breakdown of recent trading of $COHR stock by insiders over the last 6 months:

JOSEPH J CORASANTI sold 15,000 shares for an estimated $2,951,100
SHERRI R LUTHER (Chief Financial Officer) has made 0 purchases and 3 sales selling 8,000 shares for an estimated $2,318,874.
HOWARD H. XIA has made 0 purchases and 11 sales selling 9,240 shares for an estimated $2,248,302.
ENRICO DIGIROLOMO has made 0 purchases and 2 sales selling 6,742 shares for an estimated $1,326,266.
JULIE SHERIDAN ENG (Chief Technology Officer) has made 0 purchases and 2 sales selling 4,246 shares for an estimated $1,189,039.
STEPHEN A SKAGGS has made 0 purchases and 2 sales selling 5,523 shares for an estimated $1,156,550.
MICHELLE M STERLING sold 2,000 shares for an estimated $329,022
ILARIA MOCCIARO (SVP, Finance) sold 1,377 shares for an estimated $224,051

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

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$COHR Hedge Fund Activity

We have seen 640 institutional investors add shares of $COHR stock to their portfolio, and 467 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

BAIN CAPITAL INVESTORS LLC removed 9,775,846 shares (-100.0%) from their portfolio in Q1 2026, for an estimated $2,328,704,275
NVIDIA CORP added 7,788,161 shares (+inf%) to their portfolio in Q1 2026, for an estimated $1,855,217,831
JANE STREET GROUP, LLC removed 3,192,899 shares (-89.2%) from their portfolio in Q1 2026, for an estimated $760,580,470
STATE STREET CORP added 3,031,466 shares (+64.3%) to their portfolio in Q1 2026, for an estimated $722,125,515
POINT72 ASSET MANAGEMENT, L.P. removed 2,758,537 shares (-82.6%) from their portfolio in Q1 2026, for an estimated $657,111,098
GEODE CAPITAL MANAGEMENT, LLC added 2,444,760 shares (+87.5%) to their portfolio in Q1 2026, for an estimated $582,366,279
WT ASSET MANAGEMENT LTD added 2,183,763 shares (+443.5%) to their portfolio in Q1 2026, for an estimated $520,194,184

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$COHR Government Contracts

We have seen $46,450 of award payments to $COHR over the last year.

Here are some of the awards which we have have seen pay out the most over the last year:

4H-SILICONE CARBIDE 100MM EPIWAFERS QTY OF 7: $46,450

To track government contracts to publicy traded companies, check out Quiver Quantitative's government contracts dashboard. You can access data on government contracts through the Quiver Quantitative API government contracts endpoint.

$COHR Congressional Stock Trading

Members of Congress have traded $COHR stock 4 times in the past 6 months. Of those trades, 1 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $COHR stock by members of Congress over the last 6 months:

REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $15,000 on 03/25.
SENATOR MARKWAYNE MULLIN has traded it 3 times. They made 0 purchases and 3 sales worth up to $150,000 on 02/04, 12/18.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$COHR Analyst Ratings

Wall Street analysts have issued reports on $COHR in the last several months. We have seen 4 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

TD Cowen issued a "Buy" rating on 05/07/2026
Rothschild & Co issued a "Buy" rating on 05/01/2026
Needham issued a "Buy" rating on 02/05/2026
JP Morgan issued a "Overweight" rating on 12/05/2025

To track analyst ratings and price targets for $COHR, check out Quiver Quantitative's $COHR forecast page.

$COHR Price Targets

Multiple analysts have issued price targets for $COHR recently. We have seen 11 analysts offer price targets for $COHR in the last 6 months, with a median target of $350.0.

Here are some recent targets:

Mike Genovese from Rosenblatt set a target price of $425.0 on 05/07/2026
Sean O'Loughlin from TD Cowen set a target price of $395.0 on 05/07/2026
Ruben Roy from Stifel set a target price of $412.0 on 05/05/2026
Mike Harrison from Rothschild & Co set a target price of $455.0 on 05/01/2026
Papa Sylla from Citigroup set a target price of $420.0 on 04/21/2026
Meta Marshall from Morgan Stanley set a target price of $290.0 on 04/20/2026
Samik Chatterjee from JP Morgan set a target price of $300.0 on 04/09/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.