Company profile

Ticker
COHR
Exchange
CEO
Andreas Mattes
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
941622541

COHR stock data

(
)

Calendar

1 Dec 20
3 Dec 20
3 Oct 21

News

Quarter (USD) Jul 20 Apr 20 Dec 19 Jun 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Oct 20 Sep 19 Sep 18 Sep 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Coherent earnings reports.

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
15 Nov 20 Palatnik Kevin S. Common Stock Payment of exercise Dispose F No 119.54 629 75.19K 38,983
15 Nov 20 DiMarco Bret Common Stock Other Aquire J No 0 769 0 21,867
15 Nov 20 DiMarco Bret Common stock Payment of exercise Dispose F No 119.54 408 48.77K 20,579
15 Nov 20 Sobey Mark Stewart Common Stock Payment of exercise Dispose F No 119.54 592 70.77K 39,882
13 Nov 20 Palatnik Kevin S. Common Stock Payment of exercise Dispose F No 119.54 608 72.68K 39,612
13 Nov 20 DiMarco Bret Common Stock Other Aquire J No 0 718 0 21,098
13 Nov 20 DiMarco Bret Common Stock Payment of exercise Dispose F No 119.54 380 45.43K 21,756
13 Nov 20 Sobey Mark Stewart Common Stock Payment of exercise Dispose F No 119.54 475 56.78K 40,474
3 Nov 20 Sobey Mark Stewart Common Stock Payment of exercise Dispose F No 123.87 323 40.01K 40,949
3 Nov 20 Palatnik Kevin S. Common Stock Payment of exercise Dispose F No 123.87 346 42.86K 40,220
92.2% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 240 254 -5.5%
Opened positions 34 45 -24.4%
Closed positions 48 38 +26.3%
Increased positions 83 81 +2.5%
Reduced positions 77 88 -12.5%
13F shares
Current Prev Q Change
Total value 9.58B 7.52B +27.5%
Total shares 22.35M 23.29M -4.0%
Total puts 147.9K 208.6K -29.1%
Total calls 198.5K 153.5K +29.3%
Total put/call ratio 0.7 1.4 -45.2%
Largest owners
Shares Value Change
Wellington Management 3.12M $346.06M +0.7%
Vanguard 2.21M $245.57M -3.7%
BLK Blackrock 2.19M $242.76M -2.7%
Victory Capital Management 1.58M $175.77M +4.1%
Eagle Asset Management 847.48K $93.8M -0.5%
IVZ Invesco 772.56K $85.7M -0.3%
WDR Waddell & Reed Financial, Inc. - 711.07K $78.88M -28.9%
Earnest Partners 605.12K $67.13M +15.4%
STT State Street 549K $60.9M -5.7%
Royce & Associates 457.51K $50.75M -6.8%
Largest transactions
Shares Bought/sold Change
Carillon Tower Advisers 311.44K -332.61K -51.6%
WDR Waddell & Reed Financial, Inc. - 711.07K -288.46K -28.9%
Channing Capital Management 0 -283.28K EXIT
DekaBank Deutsche Girozentrale 207.5K +207.5K NEW
AO Asset Management 0 -200.1K EXIT
Electron Capital Partners 0 -148.87K EXIT
Marshall Wace North America 130.72K +130.72K NEW
Frontier Capital Management 128.13K +128.13K NEW
TROW T. Rowe Price 221.68K -125.19K -36.1%
FMR 33 -121.33K -100.0%

Financial report summary

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Risks
  • Our business, financial condition and results of operations for fiscal year 2020 and beyond have been and may continue to be materially adversely affected by the COVID-19 pandemic and the related private and public sector responses to the pandemic.
  • Our operating results and stock price have varied in the past and will continue to be subject to fluctuations in the future based upon numerous factors, including those discussed in this Item 1A and throughout this report.
  • We participate in the microelectronics market, which requires significant research and development expenses to develop and maintain products and a failure to achieve market acceptance for our products could have a significant negative impact on our business and results of operations.
  • We participate in the flat panel display market, which has a relatively limited number of end customer manufacturers. Our backlog, timing of net sales and results of operations could be negatively impacted in the event we face any significant periods with few or no orders or our customers reschedule or cancel orders.
  • Some of our laser systems are complex in design and may contain defects that are not detected until deployed by our customers, which could increase our costs and reduce our net sales.
  • Continued volatility in the advanced packaging and semiconductor manufacturing markets could adversely affect our business, financial condition and results of operations.
  • Our future success depends on our ability to increase our sales volumes and decrease our costs to offset potential declines in the average selling prices of our products and, if we are unable to realize greater sales volumes and lower costs, our operating results may suffer.
  • We face risks associated with our worldwide operations and sales that could harm our financial condition and results of operations.
  • We depend on skilled personnel to operate our business effectively in a rapidly changing market, and if we are unable to retain existing or hire additional personnel when needed, or manage transitions among members of our leadership team, our ability to develop and sell our products could be harmed.
  • The long sales cycles for many of our products may cause us to incur significant expenses without offsetting net sales.
  • The markets in which we sell our products are intensely competitive and increased competition could cause reduced sales levels, reduced gross margins or the loss of market share.
  • If we fail to accurately forecast component and material requirements for our products, we could incur additional costs and incur significant delays in shipments, which could result in a loss of customers.
  • Our reliance on contract manufacturing and outsourcing may adversely impact our financial results and operations due to our decreased control over the performance and timing of certain aspects of our manufacturing.
  • If we fail to effectively manage our growth or, alternatively, our spending during downturns, our business could be disrupted, which could harm our operating results.
  • Our market is unpredictable and characterized by rapid technological changes and evolving standards demanding a significant investment in research and development, and, if we fail to address changing market conditions, our business and operating results will be harmed.
  • Our future success depends on our ability to develop and successfully introduce new and enhanced products that meet the needs of our customers.
  • Our and our customers' operations would be seriously harmed if our logistics or facilities or those of our suppliers, our customers' suppliers or our contract manufacturers were to experience catastrophic loss.
  • We may not be able to integrate the business of Rofin or other future acquisitions successfully with our own, realize the anticipated benefits of such acquisitions or manage our expanded operations, any of which would adversely affect our results of operations.
  • Historically, acquisitions have been an important element of our strategy. However, we may not find suitable acquisition candidates in the future and we may not be able to successfully integrate and manage acquired businesses. Any acquisitions we make could disrupt our business and harm our financial condition.
  • Charges to earnings resulting from the application of the purchase method of accounting to the Rofin acquisition may adversely affect our results of operations.
  • Our indebtedness following the Rofin merger is substantially greater than our indebtedness prior to the merger. This increased level of indebtedness could adversely affect us, including by decreasing our business flexibility, and will increase our borrowing costs.
  • If our goodwill or intangible assets become impaired, we may be required to record a significant charge to earnings.
  • Our cash and cash equivalents and short-term investments are managed through various banks around the world and volatility in the capital and credit market conditions could cause financial institutions to fail or materially harm service levels provided by such banks, both of which could have an adverse impact on our ability to timely access funds.
  • We are exposed to credit risk and fluctuations in the market values of our investment portfolio.
  • If we are unable to protect our proprietary technology, our competitive advantage could be harmed.
  • We have been and may, in the future, be subject to claims or litigation from third parties, for claims of infringement of their proprietary rights or to determine the scope and validity of our proprietary rights or the proprietary rights of competitors or other rights holders. These claims could result in costly litigation and the diversion of our technical and management personnel. Adverse resolution of litigation may harm our operating results or financial condition.
  • Our information systems are subject to attacks, interruptions and failures.
  • Difficulties with our enterprise resource planning ("ERP") system and other parts of our global information technology system could harm our business and results of operation. If our network security measures are breached and unauthorized access is obtained to a customer's data or our data or our information technology systems, we may incur significant legal and financial exposure and liabilities.
  • Changes in tax rates, tax liabilities or tax accounting rules could affect future results.
  • We use standard laboratory and manufacturing materials that could be considered hazardous and we could be liable for any damage or liability resulting from accidental environmental contamination or injury.
  • Compliance or the failure to comply with current and future environmental regulations could cause us significant expense.
  • Failure to maintain effective internal controls may cause a loss of investor confidence in the reliability of our financial statements or cause us to delay filing our periodic reports with the SEC and adversely affect our stock price.
  • We may face particular privacy, data security and data protection risks due to laws and regulations regulating the protection or security of personal and other sensitive data.
  • Violations of anti-bribery, anti-corruption, and/or international trade laws to which we are subject could negatively affect our business, financial condition and results of operations.
  • Provisions of our charter documents and Delaware law, and our Change of Control and Leadership Change Severance Plan, may have anti-takeover effects that could prevent or delay a change in control.
  • Worldwide economic conditions and related uncertainties could negatively impact demand for our products and results of operations.
  • We are exposed to lawsuits in the normal course of business which could have a material adverse effect on our business, operating results, or financial condition.
Content analysis ?
Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
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Patents

APP
Utility
Beam Forming with Focus Location Adjustment
29 Oct 20
An apparatus includes a beam source, beam forming optics, a first focusing lens having a focal length, a second focusing lens having a focal length similar to the focal length of the first lens, and a lens translator configured to move the second lens transversely relative to the beam forming optics and to the first lens, and thereby move the elongated focus transversely.
APP
Utility
Excimer Laser with Uniform Beam
24 Sep 20
Fine-structure in the transverse mode of an excimer laser beam is minimized by having a plurality of resonator mirrors located at each end of a linear excimer laser.
APP
Utility
Optoelectronic Assembly
17 Sep 20
The invention relates to an optical assembly (100) comprising a first optical fiber (101) propagating coherent light in a predetermined direction (P) into an input end (110) of the optical assembly (100), said optical fiber having a core and a cladding; a heat sink (111) surrounding the optical fiber (101) at the input end (110); and a lens (120) arranged after the heat sink (111) in the propagating direction (P).
APP
Utility
Apparatus for Forming a Homogeneous Intensity Distribution with Bright or Dark Edges
17 Sep 20
A beam homogenizer for transforming a beam of laser-radiation into a flat-top intensity distribution having brighter or darker edges comprises a first lens array, a second lens array, and a positive lens.
APP
Utility
Laser Welding Method
13 Aug 20
A method for laser keyhole welding of metal alloys is disclosed.