Coherent Corp. director Stephen Skaggs sells $629,061 in shares

Coherent Corp. director Stephen Skaggs sold a substantial amount of the company's shares on August 31, 2026. The transaction involved the sale of 2,272 shares, valued between $275.19 and $281.45 per share, totaling $629,061. Skaggs' sale occurred as Coherent's stock price stood at $268.64, having declined 9% in the past week but still up 204% over the past year.

The director's sale was made under a pre-existing Rule 10b5-1 trading plan, adopted on December 3, 2025. Following the sale, Skaggs retains ownership of 14,592 shares of Coherent Corp. common stock. Analysis from InvestingPro indicates the stock is trading close to its fair value, with 18 analysts recently revising their earnings estimates upwards.

Coherent Corp. recently reported record fiscal fourth-quarter revenue of $2.05 billion, surpassing market expectations. The company's adjusted earnings per share also exceeded forecasts, with adjusted gross and operating margins showing strong performance. Investment firms such as Stifel and Needham have maintained a positive outlook on Coherent, with revised price targets suggesting significant potential for growth.

Coherent's guidance for fiscal 2027 exceeded expectations in both revenue and earnings per share. These factors collectively point to a promising future for Coherent, buoyed by robust demand and surpassing financial results.