Coherent Corp. director Enrico Digirolomo sells $628,998 in stock

Enrico Digirolomo, a director at Coherent Corp. (NASDAQ:COHR), sold 2,272 shares of common stock on August 31, 2026, for a total value of approximately $628,998. The shares were sold at prices ranging from $275.20 to $281.45. The sale comes after the stock delivered a remarkable 204% return over the past year, though shares have declined 9% in the past week and currently trade at $268.64, about 39% below their 52-week high of $440.

The transactions, executed at a weighted average price of $276.8479 per share, were carried out under a Rule 10b5-1 trading plan. This plan was adopted by Mr. Digirolomo on November 21, 2025. Following these sales, Mr. Digirolomo directly holds 17,238 shares of Coherent Corp. common stock. According to InvestingPro analysis, the stock appears slightly overvalued at current levels. Investors seeking deeper insights can access a comprehensive Pro Research Report on COHR, one of 1,400+ US equities covered with expert analysis and actionable intelligence.

In other recent news, Coherent Corp. reported impressive fiscal fourth-quarter 2026 results, with revenue reaching $2.05 billion and adjusted earnings per share at $1.74. These figures surpassed analysts’ consensus estimates of $1.99 billion for revenue and $1.62 for earnings per share. The company also achieved an adjusted gross margin of 40.2% and an adjusted operating margin of 21.8%. Coherent’s strong performance was further highlighted by Needham, which raised its price target for the company to $420, citing robust growth in the datacenter sector. Stifel reiterated its Buy rating with a $420 price target, emphasizing the company’s earnings beat. Additionally, Coherent shared that demand for its optical products, particularly those related to artificial intelligence infrastructure, remains strong. The company anticipates that demand will continue to exceed supply for the next 12 to 18 months.