Vanguard Discloses 7.3% Stake in Coherent Corp. (COHR)

TL;DR

**Vanguard still holds a big chunk of Coherent Corp., but slightly less than before.**

AI Summary

The Vanguard Group, a major investment firm, filed an amended SC 13G/A on January 10, 2024, disclosing its ownership in Coherent Corp. As of December 29, 2023, Vanguard beneficially owned 10,020,380 shares of Coherent Corp.'s Common Stock, representing 7.3% of the company. This filing indicates a slight decrease in Vanguard's reported stake from previous filings, which could signal a minor rebalancing of their portfolio, potentially impacting investor sentiment for Coherent Corp. stock.

Why It Matters

This filing shows that a major institutional investor, Vanguard, maintains a significant, albeit slightly reduced, position in Coherent Corp., which can influence other investors' perceptions of the stock's stability and long-term value.

Risk Assessment

Risk Level: low — This filing is routine disclosure from a large institutional investor and does not indicate any immediate or significant risk to the company or its shareholders.

Analyst Insight

A smart investor would note Vanguard's continued, albeit slightly adjusted, significant stake as a sign of ongoing institutional interest, but would also investigate the reasons for any reported decrease in ownership to understand potential shifts in sentiment or strategy.

Key Numbers

• 10,020,380 — Shares Beneficially Owned (Represents Vanguard's total ownership in Coherent Corp. as of December 29, 2023.)
• 7.3% — Percentage of Class (Indicates the proportion of Coherent Corp.'s Common Stock owned by Vanguard, showing a significant institutional stake.)
• December 29, 2023 — Event Date (The specific date on which Vanguard's ownership triggered the requirement for this filing.)

Key Players & Entities

• The Vanguard Group (company) — the reporting person and major institutional investor
• Coherent Corp. (company) — the subject company whose securities are being reported
• 10,020,380 shares (dollar_amount) — the number of shares beneficially owned by Vanguard
• 7.3% (dollar_amount) — the percentage of Coherent Corp.'s Common Stock owned by Vanguard
• December 29, 2023 (date) — the date of the event requiring the filing

Forward-Looking Statements

• Vanguard will maintain a significant, but potentially fluctuating, stake in Coherent Corp. over the next year. (The Vanguard Group) — high confidence, target: December 29, 2024

FAQ

Filing Documents

• tv0017-coherentcorp.htm (SC 13G/A) — 11KB
• 0001104659-24-002864.txt ( ) — 13KB

(a) - Name of Issuer

Item 1(a) - Name of Issuer: Coherent Corp

(b) - Address of Issuer's Principal Executive Offices

Item 1(b) - Address of Issuer's Principal Executive Offices: 375 Saxonburg Boulevard Saxonburg, PA 16056

(a) - Name of Person Filing

Item 2(a) - Name of Person Filing: The Vanguard Group - 23-1945930

(b) – Address of Principal Business Office or, if none, residence

Item 2(b) – Address of Principal Business Office or, if none, residence: 100 Vanguard Blvd. Malvern, PA 19355

(c) – Citizenship

Item 2(c) – Citizenship: Pennsylvania

(d) - Title of Class of Securities

Item 2(d) - Title of Class of Securities: Common Stock

(e) - CUSIP Number

Item 2(e) - CUSIP Number 19247G107

- Type of Filing

Item 3 - Type of Filing: This statement is being filed pursuant to Rule 13d-1. An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E).

- Ownership

Item 4 - Ownership: (a) Amount Beneficially Owned: (b) Percent of Class: (c) Number of shares as to which such person has: (i) sole power to vote or direct to vote: (ii) shared power to vote or direct to vote: (iii) sole power to dispose of or to direct the disposition of: (iv) shared power to dispose or to direct the disposition of: Comments: The responses to questions 5 through 9 and 11 on the cover page(s) are incorporated by reference into this Item 4.

- Ownership of Five Percent or Less of a Class

Item 5 - Ownership of Five Percent or Less of a Class: If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than 5 percent of the class of securities, check the following

- Ownership of More Than Five Percent on Behalf of Another Person

Item 6 - Ownership of More Than Five Percent on Behalf of Another Person: The Vanguard Group, Inc.'s clients, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the securities reported herein. No one other person's interest in the securities reported herein is more than 5%. Item 7 - Identification and Classification of the Subsidiary Which Acquired The Security Being Reported on by the Parent Holding Company: Not applicable

- Identification and Classification of Members of Group

Item 8 - Identification and Classification of Members of Group: Not applicable

- Notice of Dissolution of Group

Item 9 - Notice of Dissolution of Group: Not applicable

- Certification

Item 10 - Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under 240.14a-11. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. Date: January 10, 2024 By /s/ Ashley Grim Name: Ashley Grim Title: Head of Global Fund Administration

View Full Filing

View this SC 13G/A filing on SEC EDGAR