Driehaus Capital Management 13F: Adds $27M to COHR Stake
Institutional filing data reveals Driehaus Capital Management grew its investment in Coherent Corp. by over 68,000 shares.
Reviewed by automated data checks against the source filing. How we make and check alerts
Driehaus Capital Management added 68,284 shares to its stake in Coherent Corp. ($COHR), a 15.24% increase, according to a 13F filing with the SEC dated May 15, 2026. It reported 516,229 shares worth $203.64 million at the end of the quarter.
Since the filing, $COHR is down 1.3% after 1 week, up 8.2% after 1 month and down 39.1% to date (from the $382.45 close on May 15, 2026).
Find the original: Driehaus Capital Management 13F filings on SEC EDGAR
COHR
Coherent Corp.
Key Points
- Driehaus Capital Management added 68,284 shares to its Coherent Corp. holding, marking a 15.2% increase to end with 516,229 shares valued around $203.6 million.
- Coherent Corp. shares trade at $394.47, with a forward P/E ratio of 17.8 and revenue growth of 33.7% reported over the tracked period.
- Wall Street analysts have stayed active on the stock, including a buy rating and $420 target from Jefferies on August 13, 2026.
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Driehaus Capital Management Grows Its Coherent Investment
Driehaus Capital Management boosted its stake in Coherent Corp. (NYSE:COHR) during the period ended May 15, 2026, according to a Form 13F filing with the Securities and Exchange Commission. The growth-oriented investment manager added 68,284 shares, representing a 15.2% increase from the prior period. That brought the firm's total holdings to 516,229 shares valued at approximately $203.6 million.
Inside the Position Increase
The fund's move lifted its position from 447,945 shares up to 516,229 shares. Institutional portfolio adjustments of this type arrive via quarterly regulatory filings, offering a look at how professional managers shift sector allocations. Because 13F filings look backward, the reported count captures holdings as of the filing date and may not match the firm's exact share count today.
Coherent Stock Context
Coherent shares trade at $394.47, well above their 50-day moving average of $301.87 and 200-day moving average of $294.28. The company carries a market capitalization of roughly $49.35 billion and a forward P/E ratio of 17.8. The stock has traded between a 52-week low of $112.96 and a high of $440.00.
Recent Earnings and Growth
The company reported annual revenue of $7.11 billion alongside a revenue growth rate of 33.7%. Net margin stood at 11.3%, with a return on equity of 8.0%. Earnings per share registered at $4.12. Investors look toward the next scheduled earnings report on November 4, 2026, for further updates on financial performance.
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.
Wall Street Analyst Activity
Analyst coverage remains active across major firms following the stock's recent performance. On August 13, 2026, Jefferies maintained a buy rating while lifting its price target from $375.00 to $420.00. On the same day, Morgan Stanley kept an equal-weight rating with a target of $375.00, up from $330.00. Later, on October 13, 2026, Rosenblatt maintained a buy rating and a $500.00 price target. Bernstein initiated coverage on September 30, 2026, with an outperform rating and a $350.00 price target, while Deutsche Bank started coverage on September 1, 2026, with a buy rating and a $400.00 price target.
About Coherent Corp.
Coherent Corp. operates in the technology sector, designing and manufacturing lasers, optical transceivers, and various optoelectronic systems for industrial, datacenter, and communications markets. Headquartered in Saxonburg, Pennsylvania, the company supplies components that support optical infrastructure and advanced manufacturing applications worldwide.
What to Watch at Coherent Corp.
Market participants will monitor upcoming regulatory filings to see if Driehaus and other institutional investors continue adjusting their positions. The company's upcoming earnings release on November 4, 2026, will also provide fresh financial data for shareholders tracking the technology provider's growth trajectory.
Related Filing Alerts
Source: Driehaus Capital Management's 13F filing on $COHR (May 15, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Find the original filing: Driehaus Capital Management 13F filings on SEC EDGAR. Written by software, not financial advice. How we make alerts