Lanark Financial 13F: Adds $723K to Coherent (COHR) Stake
Key Points
- Lanark Financial increased its holdings in Coherent Corp. by 2,513 shares, a 39.1% rise from its previous total of 6,428 shares.
- Lanark Financial held 8,941 $COHR shares at quarter end, up 39.09% from the prior quarter.
- The stock closed at $221.50 on the filing date and has recently traded around $221.55, which is about equal to that closing price.
- Coherent Corp. has a market cap of approximately $43.6 billion and reported trailing twelve-month revenue of about $7.12 billion.
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On October 26, 2026, Lanark Financial boosted its stake in Coherent Corp. (COHR) by 2,513 shares, bringing its total to 8,941 shares valued at approximately $2.57 million. This information comes from the fund's latest Form 13F filing with the SEC.
In its filing, Lanark Financial reported a total value of $2,573,309 for its position, which now represents 0.94% of its overall reported holdings. The increase reflects a 39.1% rise from its previous share count of 6,428 shares.
COHR
Coherent Corp.
Where Coherent Corp. Fits in Lanark Financial's Portfolio
Lanark Financial ranks 24th among its reported positions, with this particular stake being a notable addition to its portfolio.
Other Institutional Activity in Coherent Corp.
Rokos Capital Management reduced its stake in Coherent Corp. by 122,081 shares, ending up with 245,957 shares valued at about $97.0 million. In contrast, Driehaus Capital Management increased its holdings by 68,284 shares, bringing its total to 516,229 shares worth approximately $203.6 million. Gf Fund Management opened a new position with 37,466 shares valued at around $10.8 million.
Coherent Corp. Stock Up 5.9%
Coherent Corp. shares closed at $221.50 on October 26, 2026, which is about equal to the recent trading price of $221.55 as of October 27. However, the stock remains significantly below its 50-day moving average of $285.82 and its 200-day average of $295.59, reflecting ongoing challenges in the market.
Recent Earnings
Coherent Corp. reported trailing twelve-month revenue of approximately $7.12 billion, with a year-over-year revenue growth of 33.7%. The next earnings report is scheduled for November 4, 2026.
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.
Since September, several insiders have sold shares of Coherent Corp. Julie Sheridan Eng, the Chief Technology Officer, sold 13,077 shares valued at about $3.58 million on September 1, 2026. Other insiders, including Lisa Neal-Graves and Enrico Digirolomo, also sold shares during this period, indicating active management decisions.
Analysts Set New Price Targets
On October 26, 2026, StoneX initiated coverage of Coherent Corp. with a Buy rating and a price target of $425. Earlier, several firms maintained their ratings, with B. Riley Securities setting a target of $297 and TD Cowen a target of $275. The consensus among analysts is a Buy with a mean price target of approximately $396.
About Coherent Corp.
Coherent Corp. develops and manufactures lasers and other optical devices, serving a global market. The company plays a significant role in the technology sector, particularly in scientific and technical instruments, which is relevant as Lanark Financial increases its stake amid current market conditions.
Bottom Line
Investors will likely watch Coherent Corp. closely as the next earnings date approaches on November 4, 2026. Lanark Financial's recent position change reflects its confidence in the company, especially as analysts maintain positive ratings despite market challenges.
Related Filing Alerts
Source: Lanark Financial'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