Coherent CFO Sherri Luther sells $306,680 in stock By Investing.com

Sherri R. Luther, Chief Financial Officer at COHERENT CORP. (), sold shares of the company’s common stock totaling $306,680 on July 22, 2026.

The transaction involved 1,000 shares, with the sale price reported at $306.68 per share. The sale was executed under a Rule 10b5-1 trading plan, which Ms. Luther adopted on November 13, 2025. Following this transaction, Ms. Luther directly beneficially owns 67,475 shares of Coherent common stock.The insider sale comes as Coherent shares have delivered exceptional returns, surging 182% over the past year and gaining 53% year-to-date. According to InvestingPro analysis, the stock currently trades above its Fair Value, placing it on the Most Overvalued list. Investors seeking deeper insights can access the comprehensive Pro Research Report, available for Coherent and 1,400+ other US equities.

In other recent news, Coherent Corp. has made significant strides with multiple developments. The company signed a three-year Master Development and Supply Agreement with AXT Inc., through its subsidiary AXT-Tongmei, for the supply of 6-inch indium phosphide wafer substrates, effective until June 2029. Additionally, Coherent is set to receive up to $50 million in funding from the CHIPS and Science Act to expand its semiconductor manufacturing facility in Sherman, Texas, which is projected to create over 1,000 jobs. Meanwhile, BofA Securities raised its price target for Coherent to $400 from $365, maintaining a Neutral rating, citing the company’s strong position in the global transceiver market. The firm expects Coherent to benefit from increased volumes in 800G and 1.6T transceivers. Furthermore, Rosenblatt’s analysis indicates that despite a planned production capacity increase, optical component supply may lag behind AI data center demand through 2030. These developments highlight Coherent’s strategic positioning in the semiconductor and optical components markets.

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