Highland Capital Management 13F: New $4.8M Stake in COHR
Key Points
- Highland Capital Management opened a new position with 16,817 shares in Coherent Corp. at a value of approximately $4.84 million.
- The stock closed at $221.50 on October 26, 2026, and recently traded around $221.55, showing little change.
- Coherent Corp. has a market cap of about $43.6 billion and a P/E ratio of 53.76, indicating its shares are priced significantly higher than its earnings.
Get Coherent Corp. text alerts
We text you when insiders, Congress, analysts or big funds move on $COHR.
By entering your mobile number and tapping the sign-up button, you provide express written consent to receive recurring automated text messages from TradeTexts at that number, including stock alerts about SEC filings, insider and congress trades, analyst ratings, hedge fund moves, and earnings results. Consent is not a condition of any purchase. Message frequency varies. Messages are not investment advice. Message and data rates may apply. Reply HELP for help and STOP to opt out at any time. See our Terms and Privacy Policy.
Not investment advice. TradeTexts is not a registered investment adviser, and this automated Coherent Corp. alert may contain errors. Disclosures
Highland Capital Management took a new position in Coherent Corp. (COHR), acquiring 16,817 shares valued at approximately $4,840,101. This information was disclosed in a filing on October 26, 2026.
COHR
Coherent Corp.
What Changed in Highland Capital Management's Coherent Corp. Position
Highland Capital Management's new stake consists of 16,817 shares, representing a 0.58% weight in its portfolio. The total reported value for Highland's holdings is about $833 million, placing this new position at rank 22 among its 415 positions.
Where Coherent Corp. Fits in Highland Capital Management's Portfolio
This new position adds a modest amount to Highland's overall portfolio, with the recent investment reflecting a small but noteworthy commitment to Coherent Corp.
Other Institutional Activity in Coherent Corp.
Gf Fund Management also made moves in Coherent Corp., taking a position of 37,466 shares worth about $10.8 million. Similarly, Lanark Financial boosted its stake by 2,513 shares, bringing its total to 8,941 shares valued at approximately $2.57 million.
Coherent Corp. Stock Up 5.9%
As of October 26, 2026, Coherent Corp. closed at $221.50. The stock trades about equal to its closing price but is significantly below its 50-day and 200-day moving averages by 22.5% and 25.0%, respectively. Additionally, it is about 49.6% below its 52-week high of $440.00.
Recent Earnings
Coherent Corp. reported trailing twelve-month revenue of approximately $7.12 billion, with an EPS of $4.12. The company has shown strong revenue growth at 33.7% year-over-year and has a net margin of 11.3%. The next earnings report is scheduled for November 4, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
-
Forward outlook
3 analysts raised price targets.
-
EPS & revenue
EPS missed estimates by 1.1%. Revenue missed estimates by 0.5%.
-
Profit surprise
EBITDA missed by 59 percent. Operating income missed by 63 percent.
-
Pre-earnings setup
Bar was high, analysts already very bullish.
-
Analyst signal
3 target raises.
-
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.
Dividend
Coherent Corp. does not currently pay a dividend, as indicated by a zero dividend yield.
Insider Buying and Selling at Coherent Corp.
Recent insider transactions include Chief Technology Officer Julie Sheridan Eng, who sold 13,077 shares valued at approximately $3.58 million on September 1, 2026. Director Lisa Neal-Graves sold 2,200 shares for about $590,524 on September 2, 2026, while Officer Robert P Beard sold 500 shares for approximately $154,660 on September 9, 2026. Director Enrico Digirolomo sold 5,315 shares valued at $1.63 million on September 11, 2026.
Analysts Set New Price Targets
On October 26, 2026, StoneX initiated coverage on Coherent Corp. with a Buy rating and a price target of $425. Earlier, several analysts maintained their ratings: Rosenblatt kept a Buy rating with a $500 target, while B. Riley Securities maintained a Neutral rating with a lowered target of $297. TD Cowen and Susquehanna also upheld Buy ratings with targets of $275 and $350, respectively.
About Coherent Corp.
Coherent Corp. develops and manufactures lasers and other optical devices used in various industries. The company is headquartered in Saxonburg, Pennsylvania, and employs about 51,478 people. With a focus on advanced optical technologies, Coherent Corp. plays a significant role in the scientific and technical instruments sector.
Bottom Line
Investors should keep an eye on Coherent Corp.'s upcoming earnings report on November 4, 2026, as well as any further filings from Highland Capital Management. This new position marks a fresh commitment from Highland, reflecting their interest in the technology sector.
Related Filing Alerts
Source: Highland Capital Management's 13F filing on $COHR (Oct 26, 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