Weiss Asset Management LP lessened its holdings in Coherent Corp. (NASDAQ:IIVIP – Get Rating) by 99.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 64,473 shares of the company’s stock after selling 38,568,246 shares during the period. Weiss Asset Management LP’s holdings in Coherent were worth $10,208,000 at the end of the most recent quarter.
Other large investors also recently bought and sold shares of the company. BlueCrest Capital Management Ltd bought a new position in Coherent during the third quarter valued at $1,061,000. Prelude Capital Management LLC bought a new position in Coherent during the third quarter valued at $1,312,000. Uniplan Investment Counsel Inc. increased its position in Coherent by 4.0% during the third quarter. Uniplan Investment Counsel Inc. now owns 10,240 shares of the company’s stock valued at $1,602,000 after acquiring an additional 396 shares during the last quarter. Laffer Tengler Investments increased its position in Coherent by 2.8% during the first quarter. Laffer Tengler Investments now owns 10,437 shares of the company’s stock valued at $3,093,000 after acquiring an additional 281 shares during the last quarter. Finally, State Street Corp increased its position in Coherent by 36.5% during the third quarter. State Street Corp now owns 44,500 shares of the company’s stock valued at $7,032,000 after acquiring an additional 11,900 shares during the last quarter.
Coherent Trading Down 3.4 %
IIVIP stock opened at $164.42 on Friday. Coherent Corp. has a twelve month low of $141.47 and a twelve month high of $304.50. The firm’s fifty day simple moving average is $187.08 and its two-hundred day simple moving average is $173.22.
Coherent Company Profile
Coherent Corp. develops, manufactures, and markets engineered materials, optoelectronic components, and devices worldwide. It operates in two segments, Compound Semiconductors and Photonic Solutions. The Compound Semiconductors segment provides optical and electro-optical components and materials used in high-power CO2 lasers, fiber-lasers, and direct diode lasers for materials processing applications; infrared optical components and high-precision optical assemblies for aerospace and defense, medical, and commercial laser imaging applications; semiconductor lasers and detectors for optical interconnects and sensing applications; engineered materials for thermoelectric, ceramics, and silicon carbide various applications; and compound semiconductor epitaxial wafers for applications in optical and wireless communication.
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