Sumitomo Mitsui Trust Group 13F: Adds $319M to COHR Stake

Sumitomo Mitsui Trust Group has significantly increased its stake in Coherent Corp. (NYSE: COHR), according to a recent Form 13F filing with the SEC. The group added 749,424 shares during the reporting period, raising its total holdings to 755,294 shares. This marks a dramatic increase of 12,767%, with the stake now valued at approximately $321.36 million.

What Changed in Sumitomo Mitsui Trust Group's Coherent Corp. Position

The Sumitomo Mitsui Trust Group's position in Coherent Corp. saw a substantial boost, as the fund grew its holdings from 5,870 shares to 755,294 shares. This increase of 749,424 shares represents a 12,767% surge in their investment, indicating a strong interest in the company. The total value of their stake now stands at about $321.36 million.

Other Institutional Activity in Coherent Corp.

Several other institutional investors have also been active in Coherent Corp. FMR LLC reduced its holdings by 946,136 shares, ending with 22,660,867 shares worth approximately $5.40 billion. On the other hand, BlackRock, Inc. added 499,098 shares to its portfolio, bringing its total to 14,952,975 shares valued at around $3.56 billion, a 3.5% increase. Vanguard Capital Management LLC and Vanguard Portfolio Management LLC both opened new positions, holding 12,179,609 shares and 9,459,601 shares, respectively. State Street Corp significantly increased its holdings by 3,031,466 shares, now owning 7,747,916 shares valued at about $1.85 billion, marking a 64.3% rise.

Coherent Corp. Stock Up 61.6%

Shares of Coherent Corp. (NYSE: COHR) traded near $425.48 on Tuesday. The company boasts a market capitalization of approximately $83.24 billion. It has a P/E ratio of 202.61 and a forward P/E of 52.04, with a beta of 2.054. Over the past year, the stock has seen a low of $77.84 and a high of $440.00. Its 50-day moving average stands at $357.24, while the 200-day moving average is $223.90. Coherent maintains a healthy current ratio of 3.05 and a quick ratio of 1.709, with a debt-to-equity ratio of 31.093.

Recent Earnings

Coherent Corp. reported revenue of approximately $6.60 billion with a growth rate of 20.5%. The company's net margin is 7.1%, and it has a return on equity of 4.72%. The next earnings report is expected on August 12, 2026.

Insider Buying and Selling at Coherent Corp.

Recent insider transactions at Coherent Corp. include CEO James Robert Anderson selling 25,836 shares on June 3, 2026, at an average price of $426.89. Chief Financial Officer Sherri Luther sold 2,000 shares on May 12, 2026, at $372.96 under a planned sale. Additionally, Howard Xia sold 2,000 shares on May 11, 2026, at $354.50 and purchased 2,000 shares at $21.67 on the same day.

Analysts Set New Price Targets

Analysts have recently updated their price targets for Coherent Corp. On May 7, 2026, TD Cowen and Rosenblatt both maintained their buy ratings, setting price targets at $395.00 and $425.00, respectively. Stifel also maintained a buy rating with a target of $412.00 on May 5, 2026. On May 1, 2026, Rothschild & Co initiated coverage with a buy rating and a target of $455.00. The consensus among analysts is a buy rating, with a mean price target of $384.45 based on 22 opinions.

About Coherent Corp.

Coherent Corp., headquartered in Saxonburg, Pennsylvania, is a technology company involved in the development, manufacturing, and marketing of engineered materials and optoelectronic components. The company serves a variety of markets, including industrial, communications, electronics, and instrumentation. Coherent operates through three main segments: Networking, Materials, and Lasers. Under the leadership of CEO James Robert Anderson, Coherent employs approximately 30,216 people.

Bottom Line

Investors often track institutional moves like Sumitomo Mitsui Trust Group's significant increase in Coherent Corp. as a sign of confidence. However, it's important to remember that 13F filings are historical and may not reflect current positions. Coherent Corp. continues to be a notable player in the technology sector, with recent insider sales and active institutional interest. The company's upcoming earnings report in August will be closely watched.