Dodge & Cox Amends Coherent Corp. Stake to 15.8%

TL;DR

**Dodge & Cox still owns 15.8% of Coherent Corp., a big vote of confidence!**

AI Summary

Dodge & Cox, a prominent investment management firm, filed an amended SC 13G/A on February 13, 2024, disclosing its ownership in Coherent Corp. As of December 31, 2023, Dodge & Cox beneficially owned 10,767,880 shares of Coherent Corp.'s Common Stock, representing 15.8% of the company. This is an amendment (Amendment No. 2), indicating a change from their previous filing, and it matters to investors because it shows a significant institutional holder's continued, albeit slightly reduced, conviction in Coherent Corp., which can influence market perception and stock stability.

Why It Matters

This filing shows that a major institutional investor, Dodge & Cox, still holds a substantial portion of Coherent Corp. stock, signaling their ongoing belief in the company's value, which can reassure other investors.

Risk Assessment

Risk Level: low — The filing indicates a stable, significant institutional ownership, which generally reduces volatility and provides a floor for the stock.

Analyst Insight

Investors should note that a major institutional holder like Dodge & Cox maintains a substantial position in Coherent Corp., suggesting long-term confidence. While this filing doesn't indicate a new buy, it confirms continued significant institutional backing, which can be a positive signal for stability.

Key Numbers

• 10,767,880 — Shares Owned (The total number of Coherent Corp. shares Dodge & Cox beneficially owns.)
• 15.8% — Ownership Percentage (The percentage of Coherent Corp. stock owned by Dodge & Cox, indicating a significant stake.)
• December 31, 2023 — Reporting Date (The snapshot date for the ownership information provided in the filing.)

Key Players & Entities

• Dodge & Cox (company) — the investment management firm filing the SC 13G/A
• Coherent Corp. (company) — the subject company whose shares are being reported
• 10,767,880 shares (dollar_amount) — the total number of shares beneficially owned by Dodge & Cox
• 15.8% (dollar_amount) — the percentage of Coherent Corp.'s class of securities owned by Dodge & Cox
• December 31, 2023 (date) — the date of the event requiring the filing

Forward-Looking Statements

• Dodge & Cox will maintain a significant, albeit potentially fluctuating, stake in Coherent Corp. above 10% for the next year. (Dodge & Cox) — high confidence, target: December 31, 2024

FAQ

Filing Documents

• d524101dsc13ga.htm (SC 13G/A) — 36KB
• 0001193125-24-033355.txt ( ) — 38KB

From the Filing

SC 13G/A 1 d524101dsc13ga.htm SC 13G/A SC 13G/A UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G UNDER THE SECURITIES EXCHANGE ACT OF 1934 (AMENDMENT NO. 2 )* COHERENT CORP. (Name of Issuer) Common Stock (Title of Class of Securities) 19247G107 (CUSIP Number) December 31, 2023 (Date of Event Which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: Rule 13d-1(b) Rule 13d-1(c) Rule 13d-1(d) * The remainder of this cover page shall be filled out for a reporting persons initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). PAGE 1 OF 5 PAGES CUSIP NO. 19247G107 13G PAGE 2 OF 5 PAGES 1 NAME OF REPORTING PERSON S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON Dodge & Cox 94-1441976 2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a)(b) N/A 3 SEC USE ONLY 4 CITIZENSHIP OR PLACE OF ORGANIZATION California - U.S.A. NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER 17,441,208 6 SHARED VOTING POWER 0 7 SOLE DISPOSITIVE POWER 18,735,408 8 SHARED DISPOSITIVE POWER 0 9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 18,735,408 10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES* N/A 11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9 12.4% 12 TYPE OF REPORTING PERSON* IA PAGE 2 OF 5 PAGES Item1(a) Name of Issuer: COHERENT CORP. Item1(b) Address of Issuers Principal Executive Offices: 375 Saxonburg Boulevard Saxonburg, Pennsylvania 16056 Item2(a) Name of Person Filing: Dodge & Cox Item2(b) Address of the Principal Office or, if none, Residence: 555 California Street, 40th Floor San Francisco, CA 94104 Item2(c) Citizenship: California - U.S.A. Item2(d) Title of Class of Securities: Common Stock Item2(e) CUSIP Number: 19247G107 Item3 If the Statement is being filed pursuant to Rule 13d-1(b),or 13d-2(b), check whether the person filing is a: (e) Investment Advisor registered under section 203 of the Investment Advisors Act of 1940 Item4 (a) Amount Beneficially Owned: 18,735,408 (b) Percent of Class: 12.4% PAGE 3 OF 5 PAGES (c) Number of shares as to which such person has: (i) sole power to vote or direct the vote: 17,441,208 (ii) shared power to vote or direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 18,735,408 (iv) shared power to dispose or to direct the disposition of: 0 Item5 Not applicable. Item6 The clients of Dodge & Cox, including investment companies registered under the Investment Company Act of 1940 and other managed accounts, have the right to receive or power to direct the receipt of dividends from, and the proceeds from the sale of, COHERENT CORP. Dodge & Cox Stock Fund, an investment company registered under the Investment Company Act of 1940, has an interest of 10,409,900 or 6.9%, of the class of securities reported herein. Item7 Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company: Not applicable. Item8 Identification and Classification of Members of the Group: Not applicable. Item9 Notice of Dissolution of a Group: Not applicable. Item10 Certification: By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purpose or effect. PAGE 4 OF 5 PAGES 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. Dated: February 13, 2024 DODGE & COX By: /S/ Katherine M. Primas Name: Katherine M. Primas Title: Chief Compliance Officer PAGE 5 OF 5 PAGES

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View this SC 13G/A filing on SEC EDGAR