AMF Tjanstepension 13F: Exits Coherent (COHR) Stake
Key Points
- AMF Tjanstepension filed a Form 13F on October 22, 2026, revealing it closed its position in Coherent Corp. by selling all 5,503 shares.
- Coherent Corp. recently traded around $220.16 on October 22, 2026, following an event close of $207.72 on the same day.
- Other large investment managers adjusted their positions in Coherent Corp. during recent reporting periods.
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AMF Tjanstepension completely exited its position in Coherent Corp. (NYSE:COHR), selling all 5,503 shares it held previously according to a Form 13F filing on October 22, 2026.
COHR
Coherent Corp.
What Changed in AMF Tjanstepension's Coherent Corp. Position
The fund's latest SEC filing shows a reduction from 5,503 shares to zero, representing a 100.0% decrease and a complete exit from the scientific and technical instruments maker.
Other Institutional Activity in Coherent Corp.
Gotham Asset Management trimmed its holdings by 18,860 shares, ending with 118,031 shares worth about $48,068,124.75. Rokos Capital Management cut its stake by 122,081 shares to hold 245,957 shares valued at roughly $97,022,658.09. Driehaus Capital Management grew its holdings by 68,284 shares, ending with 516,229 shares worth about $203,636,854.26. E. Ohman J:or Asset Management grew its holdings by 84,676 shares, ending with 89,666 shares worth about $25,806,771.00. ARS Wealth Advisors Group opened a new position with 2,141 shares worth about $616,201.00.
Coherent Corp. Stock Down 5.0%
Coherent Corp. shares closed at $207.72 on October 22, 2026, and recently traded around $220.16 as of that same date, putting the stock up about 6.0% since the filing. The shares trade well below their 52-week high of $440.00.
Recent Earnings
Coherent Corp. generated trailing-twelve-month revenue of $7.12 billion with earnings of $4.12 per share. The company posted a net profit margin of 11.3% and a return on equity of 8.0%.
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.
Company insiders executed several sales prior to the filing. Chief technology officer Julie Sheridan Eng sold 13,077 shares on September 1, 2026, for a total value of $3,583,081.00. Director Lisa Neal-Graves sold 2,200 shares at an average price of $268.42 on September 2, 2026, for $590,524.00. Officer Robert P Beard sold 500 shares at an average price of $309.32 on September 9, 2026, totaling $154,660.00. Director Enrico Digirolomo sold 5,315 shares at an average price of $305.98 on September 11, 2026, for $1,626,310.00.
Analysts Set New Price Targets
Bernstein initiated coverage on September 30, 2026, with an Outperform rating and a $350.00 price target. Rosenblatt maintained a Buy rating on October 13, 2026, with a $500.00 price target. B. Riley Securities maintained a Neutral rating on October 15, 2026, lowering its target from $345.00 to $297.00. TD Cowen maintained a Buy rating on October 19, 2026, lowering its target from $395.00 to $275.00. Susquehanna maintained a Positive rating on October 21, 2026, lowering its price target to $350.00 from $425.00.
About Coherent Corp.
Coherent Corp. builds advanced lasers, optical components, and transceivers used across technology and industrial markets. The company provides critical hardware that powers optical networks and advanced laser systems worldwide.
Bottom Line
Investors will look to Coherent Corp.'s upcoming financial disclosures to gauge demand for its optical and optoelectronic components. The stock continues to draw mixed analyst adjustments as the market evaluates its growth trajectory.
Related Filing Alerts
Source: AMF Tjanstepension's 13F filing on $COHR (Oct 22, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts