La cadena de opciones muestra datos clave de las opciones de acciones de Coherent a varios precios de ejercicio y fechas de vencimiento. Los operadores utilizan esta información para analizar posibles operaciones y evaluar el sentimiento del mercado para Coherent..

Coherent (NYSE:COHR) Bolsa, Cadena de Opciones

COHERENT CORP

Coherent

Coherent Corp engaged in materials, networking, and lasers, is a vertically integrated manufacturing company that develops, manufactures, and markets engineered materials, optoelectronic components and devices, and lasers for use in the industrial, communications, electronics and instrumentation markets. The firm operates in three segments Networking, Materials, and Lasers Segment. It generates maximum revenue from Networking segment. The company geographically operates in North America. Europe, China, Japan and Rest of the world.

Chips, semiconductor shutterstock_2198551397

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AMZN

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Market Index Target Term Securities Linked To The Dow Jones Industrial Average

SLXN

SWKS

Coherent sorprende con sus resultados trimestrales y dispara sus acciones un 15,5%. ¿Qué otras empresas se mueven en el premercado de EE.UU.?

Acciones de Coherent (COHR) se disparan un 15%; 20 acciones que se mueven en el premercado de EE.UU.

Coherent's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) short percent of float has risen 13.39% since its last report. The company recently reported that it has 8.29 million shares sold short, which is 6.52% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.38 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Coherent Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1752253221_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Coherent has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Coherent's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Coherent's peer group average for short interest as a percentage of float is 3.50%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

What's Driving the Market Sentiment Around Coherent?

In the last three months, 18 analysts have published ratings on Coherent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>), offering a diverse range of perspectives from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">9</td>
<td align="right">5</td>
<td align="right">4</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">4</td>
<td align="right">2</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">5</td>
<td align="right">2</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $88.72, along with a high estimate of $115.00 and a low estimate of $70.00. A 6.72% drop is evident in the current average compared to the previous average price target of $95.11. 
<img src="https://www.benzinga.com/files/images/story/2025/1752012061_0.png" alt="price target chart" />
<h2>Deciphering Analyst Ratings: An In-Depth Analysis</h2>
The standing of Coherent among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Meta Marshall</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$92.00</td>
<td>$83.00</td>
</tr>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$100.00</td>
<td>$86.00</td>
</tr>
<tr>
<td>Atif Malik</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$115.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Tim Savageaux</td>
<td>Northland Capital Markets</td>
<td>Raises</td>
<td>Outperform</td>
<td>$85.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Vivek Arya</td>
<td>B of A Securities</td>
<td>Raises</td>
<td>Buy</td>
<td>$92.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Meta Marshall</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$83.00</td>
<td>$74.00</td>
</tr>
<tr>
<td>Mike Genovese</td>
<td>Rosenblatt</td>
<td>Maintains</td>
<td>Buy</td>
<td>$95.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Ryan Koontz</td>
<td>Needham</td>
<td>Raises</td>
<td>Buy</td>
<td>$90.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Meta Marshall</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$74.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Maintains</td>
<td>Overweight</td>
<td>$86.00</td>
<td>$86.00</td>
</tr>
<tr>
<td>Meta Marshall</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$70.00</td>
<td>$47.00</td>
</tr>
<tr>
<td>Mark Miller</td>
<td>Benchmark</td>
<td>Lowers</td>
<td>Buy</td>
<td>$95.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Mike Genovese</td>
<td>Rosenblatt</td>
<td>Raises</td>
<td>Buy</td>
<td>$95.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Ryan Koontz</td>
<td>Needham</td>
<td>Lowers</td>
<td>Buy</td>
<td>$85.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Tom O'Malley</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$80.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$80.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Vivek Arya</td>
<td>B of A Securities</td>
<td>Lowers</td>
<td>Buy</td>
<td>$70.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Atif Malik</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$110.00</td>
<td>$136.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Coherent. This information provides a snapshot of how analysts perceive the current state of the company.</li>
<li>Rating: Analysts unravel qualitative evaluations for stocks, ranging from 'Outperform' to 'Underperform'. These ratings offer insights into expectations for the relative performance of Coherent compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Coherent's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Understanding these analyst evaluations alongside key financial indicators can offer valuable insights into Coherent's market standing. Stay informed and make well-considered decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/COHR/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Coherent analyst ratings.</a>
<h2>Delving into Coherent's Background</h2>
Coherent Corp engaged in materials, networking, and lasers, is a vertically integrated manufacturing company that develops, manufactures, and markets engineered materials, optoelectronic components and devices, and lasers for use in the industrial, communications, electronics and instrumentation markets. The firm operates in three segments Networking, Materials, and Lasers Segment. It generates maximum revenue from Networking segment. The company geographically operates in North America. Europe, China, Japan and Rest of the world.
<h3>Key Indicators: Coherent's Financial Health</h3>
Market Capitalization: Boasting an elevated market capitalization, the company surpasses industry averages. This signals substantial size and strong market recognition.
Revenue Growth: Coherent's remarkable performance in 3M is evident. As of 31 March, 2025, the company achieved an impressive revenue growth rate of 23.91%. This signifies a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Coherent's net margin excels beyond industry benchmarks, reaching -1.13%. This signifies efficient cost management and strong financial health.
Return on Equity (ROE): Coherent's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -0.32%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): The company's ROA is a standout performer, exceeding industry averages. With an impressive ROA of -0.12%, the company showcases effective utilization of assets.
Debt Management: With a high debt-to-equity ratio of 0.74, Coherent faces challenges in effectively managing its debt levels, indicating potential financial strain.
<h2>The Basics of Analyst Ratings</h2>
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
Breaking: Wall Street's Next Big Mover
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Breaking Down Coherent: 18 Analysts Share Their Views

Morgan Stanley analyst Meta Marshall maintains Coherent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) with a Equal-Weight and raises the price target from $83 to $92.

Price Target

Morgan Stanley Maintains Equal-Weight on Coherent, Raises Price Target to $92

Wolfe Research analyst George Notter initiates coverage on Coherent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) with a Outperform rating.

Initiation

Wolfe Research Initiates Coverage On Coherent with Outperform Rating

As Amphenol Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/APH#NYSE">APH</a>) trades near its 52-week high, the company finds itself at a pivotal moment in an ever-evolving tech landscape. With a 42% surge in stock value this year, outpacing the broader S&amp;P 500 Information Technology Sector Index, Amphenol&#8217;s recent fiscal first-quarter results reveal robust demand for its advanced interconnect solutions, particularly in burgeoning markets such as IT <a href="https://www.benzinga.com/topic/technology-stocks">datacom and mobile devices.</a>
Amphenol designs, manufactures, and markets advanced interconnect, sensor, and antenna solutions worldwide. The company offers a range of products, including electrical, electronic, and fiber optic connectors, antennas, sensors, and specialty cables, for automotive, aerospace, communications, and industrial applications.
Also Read: <a target="_blank" href="https://www.benzinga.com/tech/25/05/45261116/cisco-unveils-quantum-chip-and-lab-to-push-next-gen-networking" rel="noreferrer noopener">Cisco Unveils Quantum Chip And Lab To Push Next-Gen Networking</a>
On April 23, Amphenol reported <a href="https://www.benzinga.com/news/earnings/25/04/44950358/amphenol-q1-earnings-48-topline-growth-driven-by-it-mobile-defense-sectors" target="_blank" rel="noreferrer noopener">fiscal first-quarter 2025</a> sales growth of 48% year-over-year to $4.81 billion, surpassing the analyst consensus estimate of $4.23 billion and the company&#8217;s estimate of $4.00 billion to $4.10 billion. On Jan. 22, the company reported <a href="https://www.benzinga.com/news/earnings/25/01/43130244/amphenol-q4-earnings-30-sales-growth-ceo-highlights-growth-in-it-mobile-and-defense-markets-forecasts-strong-q1-sales-growth" target="_blank" rel="noreferrer noopener">fourth-quarter topline</a> growth of 30% Y/Y to $4.32 billion, topping the analyst consensus estimate of $4.07 billion. 
Organic growth in the IT datacom market and robust organic growth in the mobile devices, defense, and communications networks markets, together with contributions from the company&#8217;s acquisition program, drove the topline growth. The adjusted operating margin for the quarter reached a record 21.3%, up from 21.0% in the same quarter last year.
Amphenol expects second-quarter sales to be between $4.90 billion and $5.00 billion. This represents a 36%-39% increase over the prior-year quarter, and the street view pegs expectations at $4.58 billion.
On March 17, JPMorgan analyst Samik Chatterjee flagged Amphenol as one of the companies <a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44362565/why-nvidias-next-moves-matter-for-amphenol-dell-super-micro" target="_blank" rel="noreferrer noopener">poised to benefit</a> from Nvidia Corp&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) Blackwell Ultra ramp. While the adoption of optics remains a concern, analysts expect copper to continue dominating in-rack connectivity—a positive sign for Amphenol. Amphenol, with its intense exposure to passive copper, along with Coherent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>), Fabrinet (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FN#NYSE">FN</a>), and Lumentum Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LITE#NASDAQ">LITE</a>), is likely to draw attention as the AI wave builds, according to the analyst.
Nineteen analysts have set a <a target="_blank" href="https://www.benzinga.com/quote/APH/analyst-ratings" rel="noreferrer noopener">consensus price target</a> of $92.50 for Amphenol. Recent ratings from Goldman Sachs, Evercore ISI Group, and UBS average a target of $104.33, indicating a potential upside of 5.55% for the stock.
Price Action: APH stock is down 0.23% to $98.32 during early trading on Tuesday.
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Photo: Shutterstock

LITE

Amphenol Soars 42% To 52-Week High Riding AI Wave

Chipmakers are likely to benefit from the &#8216;One Big Beautiful Bill Act&#8217; passed by the Senate on Tuesday, as they will be eligible for an investment tax credit that can incentivize the semiconductor business.
What Happened: According to the provisions of the tax cut bill proposed by President Donald Trump, the Big Beautiful Bill aims to temporarily increase an investment tax credit for semiconductor manufacturers till the end of 2026.
It would raise the tax credit to 30% of investments in manufacturing facilities, from the current 25%, providing stronger incentives for companies to expand domestic production.
Trump was initially critical of the Chips and Science Act, which granted awards worth $32.5417 billion and provided loans up to $5.85 billion to 32 companies, as per the <a href="https://www.semiconductors.org/chip-supply-chain-investments/">Semiconductor Industry Association</a>.
However, Trump set up a new entity, the <a href="https://www.benzinga.com/government/regulations/25/04/44584283/days-after-calling-the-chips-act-a-horrible-thing-donald-trump-sets-up-new-entity-for-negotiating-much-better-deals-heres-more">United States Investment Accelerator</a>, within the Commerce Department, which now oversees the CHIPS Act program, as established by an executive order signed by him. 
The Big Beautiful Bill has now gone back to the House after<a href="https://www.benzinga.com/news/politics/25/07/46211326/one-big-beautiful-bill-passes-senate-with-jd-vances-tie-breaking-vote-trump-says-its-going-to-go-very-nicely-in-the-house"> narrowly passing in the Senate</a>, before the President could finally sign it to make it into a law. 
These are the top chipmakers and the existing beneficiaries of the Chips Act that will benefit from this investment tax credit mentioned within the tax cut bill.
<figure class="wp-block-table is-style-stripes"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Company Stocks</td>
<td>YTD Performance</td>
<td>One-Year Performance</td>
</tr>
<tr>
<td>Nvidia Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>)</td>
<td>13.69%</td>
<td>22.58%</td>
</tr>
<tr>
<td>Broadcom Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AVGO#NASDAQ">AVGO</a>)</td>
<td>16.35%</td>
<td>56.08%</td>
</tr>
<tr>
<td>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</td>
<td>8.21%</td>
<td>-29.94%</td>
</tr>
<tr>
<td>Qualcomm Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QCOM#NASDAQ">QCOM</a>)</td>
<td>5.65%</td>
<td>-20.36%</td>
</tr>
<tr>
<td>Advanced Micro Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>)</td>
<td>14.83%</td>
<td>-15.49%</td>
</tr>
<tr>
<td>Applied Materials Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>)</td>
<td>15.95%</td>
<td>-21.91%</td>
</tr>
<tr>
<td>Taiwan Semiconductor Mfg. Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>)</td>
<td>2.35%</td>
<td>11.34%</td>
</tr>
<tr>
<td>Intel Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>)</td>
<td>8.21%</td>
<td>-29.94%</td>
</tr>
<tr>
<td>Texas Instruments Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>)</td>
<td>15.32%</td>
<td>8.37%</td>
</tr>
<tr>
<td>Micron Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MU#NASDAQ">MU</a>)</td>
<td>39.40%</td>
<td>-11.02%</td>
</tr>
<tr>
<td>Microchip Technology Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MCHP#NASDAQ">MCHP</a>)</td>
<td>28.62%</td>
<td>-21.82%</td>
</tr>
<tr>
<td>Analog Devices Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADI#NASDAQ">ADI</a>)</td>
<td>15.99%</td>
<td>6.58%</td>
</tr>
<tr>
<td>Coherent Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>)</td>
<td>-12.16%</td>
<td>19.63%</td>
</tr>
<tr>
<td>Corning Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GLW#NYSE">GLW</a>)</td>
<td>12.87%</td>
<td>37.22%</td>
</tr>
<tr>
<td>Entegris Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENTG#NASDAQ">ENTG</a>)</td>
<td>-11.08%</td>
<td>-38.54%</td>
</tr>
<tr>
<td>Globalfoundries Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>)</td>
<td>-6.90%</td>
<td>-22.05%</td>
</tr>
</tbody>
</table>
</figure>
See Also: <a href="https://www.benzinga.com/markets/equities/25/07/46188237/bill-gates-is-betting-two-thirds-of-his-foundations-portfolio-in-these-3-stocks">Bill Gates Is Betting Two-Thirds Of His Foundation&#8217;s Portfolio In These 3 Stocks</a>
Why It Matters: On March 4, during his joint address to Congress, Trump said, "Your Chips Act is a horrible, horrible thing."
He also urged U.S. House Speaker Mike Johnson to "get rid" of it and use "whatever is left over" to "reduce debt or any other reason you want to."
However, the Trump administration has skipped repealing the act with the Investment Accelerator entity and even managed to get the semiconductor firms to invest in the U.S. over and above the Chips Act this year.
In early March, Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TSM#NYSE">TSM</a>) revealed its plans to inject $100 billion into U.S. advanced semiconductor manufacturing, significantly expanding its ongoing $65 billion Arizona initiative under the Chips Act and bringing total investment to $165 billion.
Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>) has <a href="https://www.benzinga.com/tech/25/02/43910982/apple-commits-500-billion-in-us-investment-for-ai-push-boost-us-manufacturing-tech">committed over $500 billion</a> to U.S. investments, focusing on AI, silicon engineering, and expanding advanced manufacturing. 
Price Action: The SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) and Invesco QQQ Trust ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>), which track the S&amp;P 500 index and Nasdaq 100 index, respectively, edged higher on Wednesday. The SPY was up 0.45% at $620.45, while the QQQ advanced 0.70% to $550.80, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a> data.
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Photo courtesy: Shutterstock

Nvidia, Intel, Broadcom, Micron, AMD And Other Chipmakers Stand To Benefit As Trump's Tax Bill Increases Incentives To Make Semiconductors In US

On Tuesday, Bank of America Securities (BofA) analyst Vivek Arya highlighted five small and mid-cap (SMid Cap) stocks within his coverage, projecting they could outperform the SOX index over the next year. Notably, the SOX has already seen a strong 5% year-to-date gain compared to the S&amp;P 500&#8217;s 2%.
These selected companies, including Allegro MicroSystems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALGM#NASDAQ">ALGM</a>), Credo Technology Group Holding Ltd.(NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRDO#NASDAQ">CRDO</a>), Nova Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVMI#NASDAQ">NVMI</a>), Coherent Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>), and MACOM Technology Solutions Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MTSI#NASDAQ">MTSI</a>), are strategically positioned within the sector&#8217;s most investable themes.
Arya noted these companies are at the forefront of the sector&#8217;s most investable themes, exhibiting high growth or capturing market share within large, attractive total addressable markets (TAMs). He added that they&#8217;re also boosting EPS leverage through expanding margins.
Also Read: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst-color/25/06/45909439/nvidia-stock-could-get-boost-from-1-5-trillion-european-ai-build-out-analyst-says-significant-upside-in-shares">Nvidia Stock Could Get Boost From $1.5 Trillion European AI Build-Out: Analyst Says &#8216;Significant Upside In Shares&#8217;</a>
Among these top picks, BofA has raised price forecasts for two companies.
<h2 class="wp-block-heading">MACOM Technology Solutions Holdings</h2>
Arya increased his price forecast for MTSI to $160 (up from $140). He justified this revision with a higher 39x forward price-to-earnings (P/E) multiple for the calendar year 2026 (previously 34x), citing strong momentum in AI and defense sectors.
<h2 class="wp-block-heading">Nova Ltd.</h2>
He also raised his price forecast for NVMI to $270 from $250. This revised forecast is based on a higher 29x calendar 2026 estimated price-to-earnings (P/E) multiple (up from 26x), driven by robust demand for leading-edge Wafer Fabrication Equipment (WFE).
<h2 class="wp-block-heading">Allegro MicroSystems, Inc.</h2>
Among the other featured SMid Cap picks, ALGM, a magnetic sensor leader, is poised for a significant cyclical upturn. As noted in BofA&#8217;s June 16 initiation report, key drivers include auto sales returning to year-over-year growth in the June quarter following significant under-shipment relative to demand in the sensor category.
The content-rich e-mobility mix within auto sales is also expected to expand to the high 50% range by the second half of 2025 (from low-50%), and gross margins are projected to recover to 50% by the first half of 2026 (currently ~45.6%), with a full long-term recovery to 58% driven by increased volumes.
Coupled with disciplined operational expenditure, BofA forecasts a 46% calendar year 2024-2027 pro forma EPS Compound Annual Growth Rate (CAGR), more than three times the semiconductor peer average, justifying a premium P/E.
<h2 class="wp-block-heading">Credo Technology Group Holding Ltd.</h2>
CRDO is highlighted as a key Active Electrical Cables (AEC) supplier enabling larger AI clusters. Arya particularly favors Credo&#8217;s leadership in the fast-growing AEC market, where the TAM could double over the next two years.
He pointed to two new hyperscaler ramps scheduled for the fiscal second half of 2026, which will complement three existing customers and help reduce customer concentration.
Credo&#8217;s product portfolio is also meaningfully expanding in calendar 2026 to encompass Digital Signal Processors (DSPs), PCIe offerings, and line cards. A potential +67% EPS CAGR from calendar 2024-2027 is expected as opex growth remains below 50% of sales growth while GMs remain resilient.
<h2 class="wp-block-heading">Coherent Corp.</h2>
Finally, Coherent Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>), with its broad optics portfolio, is seen as playing a critical role in AI trends. Despite a wide year-to-date performance spread with Lumentum Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LITE#NASDAQ">LITE</a>) (+6% YTD vs. COHR -15% YTD), Arya maintains a Buy rating on Coherent.
This is due to its leadership across Electro-absorption Modulated Laser, Vertical Cavity Surface Emitting Laser, and Silicon Photonics technologies, which bolster its positioning for upcoming 1.6T ramps and share gains within a $32 billion data center serviceable addressable market.
Cost reductions and restructuring efforts are anticipated to drive gross margins to over 42% long-term from the current high-30s. Furthermore, U.S. fab investments could increase Indium Phosphide capacity four to five times, providing a significant competitive advantage.
Arya estimates Coherent&#8217;s long-term EPS power to be between $7.9 and $9.8, approximately 50% above Street estimates for fiscal 2028, where the implied valuation is only ~10x P/E, remaining below its ~15x historical median P/E.
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</ul>
Photo via: Shutterstock

ALGM

CRDO

MTSI

NVMI

Which Small And Mid-Cap Chip Stocks Are Set For Big Gains?

Coherent Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>), a global leader in photonics, today announces major enhancements to its FACTOR series of fiber-coupled diode pumps. The upgraded portfolio now offers increased output power, improved efficiency, and a wider locking range for pump modules at 976 nm. In addition, a new high-power pump module at 793 nm has been introduced to support growing demand in medical and industrial laser applications.
OEM laser manufacturers can benefit significantly from the FACTOR series, which offers reliable performance through automated, in-house micro-optics assembly that ensures high consistency and reliability. Designed for effortless integration, the system simplifies handling and installation, making it easy to incorporate into existing OEM laser systems. Additionally, the FACTOR series is volume-ready, supporting scalable manufacturing to meet high-volume demands and align with planned production cycles.

Coherent Upgrades FACTOR Laser Pumps With More Power and Efficiency for Medical and Industrial Use

Coherent Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>), a global leader in photonics, today announces the launch of the COMPACT EVOLUTION AC, a next-generation compact, air-cooled 500 W diode laser system, set to revolutionize polymer welding. The new system, compatible with existing diode laser processing heads, offers superior performance and convenience for a wide range of industries including precision manufacturing, semi &amp; display capital equipment and instrumentation.
Engineered for performance and ease of use, the COMPACT EVOLUTION AC features a 300 µm fiber and turnkey operation, supporting critical applications such as polymer welding, soldering, heat treatment, and laser-assisted bonding. Its air-cooled thermal management eliminates the need for external water cooling, making it well suited for high-humidity environments and streamlined product lines. Delivering up to 500 W of continuous-wave output in a compact rack-mountable (19", 5HU) form factor, the system introduces greater flexibility and simplifies integration for OEMs seeking efficient, high power diode laser solutions.

Coherent Launches Air-Cooled 500W Laser to Simplify Polymer Welding and Precision Manufacturing

WIIM

AAOI

AEVA

DELL

DOCN

FCUV

NTAP

RCAT

SMCI

TTMI

Shares of companies across the broader tech sector are trading lower amid negative overall market sentiment driven by the escalating conflict between Israel and Iran.

Ratings for Coherent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) were provided by 14 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The table below summarizes their recent ratings, showcasing the evolving sentiments within the past 30 days and comparing them to the preceding months.
<table>
<thead>
<tr>
<th></th>
<th align="right">Bullish</th>
<th align="right">Somewhat Bullish</th>
<th align="right">Indifferent</th>
<th align="right">Somewhat Bearish</th>
<th align="right">Bearish</th>
</tr>
</thead>
<tbody>
<tr>
<td>Total Ratings</td>
<td align="right">9</td>
<td align="right">3</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>Last 30D</td>
<td align="right">0</td>
<td align="right">1</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>1M Ago</td>
<td align="right">3</td>
<td align="right">0</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>2M Ago</td>
<td align="right">4</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
<tr>
<td>3M Ago</td>
<td align="right">2</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
<td align="right">0</td>
</tr>
</tbody>
</table>
Analysts have set 12-month price targets for Coherent, revealing an average target of $91.29, a high estimate of $115.00, and a low estimate of $74.00. A 11.0% drop is evident in the current average compared to the previous average price target of $102.57. 
<img src="https://www.benzinga.com/files/images/story/2025/1749751275_0.png" alt="price target chart" />
<h2>Analyzing Analyst Ratings: A Detailed Breakdown</h2>
The standing of Coherent among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
<table>
<thead>
<tr>
<th>Analyst</th>
<th>Analyst Firm</th>
<th>Action Taken</th>
<th>Rating</th>
<th>Current Price Target</th>
<th>Prior Price Target</th>
</tr>
</thead>
<tbody>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Raises</td>
<td>Overweight</td>
<td>$100.00</td>
<td>$86.00</td>
</tr>
<tr>
<td>Atif Malik</td>
<td>Citigroup</td>
<td>Raises</td>
<td>Buy</td>
<td>$115.00</td>
<td>$110.00</td>
</tr>
<tr>
<td>Meta Marshall</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$83.00</td>
<td>$74.00</td>
</tr>
<tr>
<td>Mike Genovese</td>
<td>Rosenblatt</td>
<td>Maintains</td>
<td>Buy</td>
<td>$95.00</td>
<td>$95.00</td>
</tr>
<tr>
<td>Ryan Koontz</td>
<td>Needham</td>
<td>Raises</td>
<td>Buy</td>
<td>$90.00</td>
<td>$85.00</td>
</tr>
<tr>
<td>Meta Marshall</td>
<td>Morgan Stanley</td>
<td>Raises</td>
<td>Equal-Weight</td>
<td>$74.00</td>
<td>$70.00</td>
</tr>
<tr>
<td>Mark Miller</td>
<td>Benchmark</td>
<td>Lowers</td>
<td>Buy</td>
<td>$95.00</td>
<td>$105.00</td>
</tr>
<tr>
<td>Mike Genovese</td>
<td>Rosenblatt</td>
<td>Raises</td>
<td>Buy</td>
<td>$95.00</td>
<td>$80.00</td>
</tr>
<tr>
<td>Ryan Koontz</td>
<td>Needham</td>
<td>Lowers</td>
<td>Buy</td>
<td>$85.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Tom O'Malley</td>
<td>Barclays</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$80.00</td>
<td>$125.00</td>
</tr>
<tr>
<td>Samik Chatterjee</td>
<td>JP Morgan</td>
<td>Lowers</td>
<td>Overweight</td>
<td>$80.00</td>
<td>$120.00</td>
</tr>
<tr>
<td>Atif Malik</td>
<td>Citigroup</td>
<td>Lowers</td>
<td>Buy</td>
<td>$110.00</td>
<td>$136.00</td>
</tr>
<tr>
<td>Mike Genovese</td>
<td>Rosenblatt</td>
<td>Lowers</td>
<td>Buy</td>
<td>$85.00</td>
<td>$115.00</td>
</tr>
<tr>
<td>Simon Leopold</td>
<td>Raymond James</td>
<td>Lowers</td>
<td>Strong Buy</td>
<td>$91.00</td>
<td>$110.00</td>
</tr>
</tbody>
</table>
<h3>Key Insights:</h3>
<ul>
<li>Action Taken: In response to dynamic market conditions and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their reaction to recent developments related to Coherent. This insight gives a snapshot of analysts' perspectives on the current state of the company.</li>
<li>Rating: Analysts assign qualitative assessments to stocks, ranging from 'Outperform' to 'Underperform'. These ratings convey the analysts' expectations for the relative performance of Coherent compared to the broader market.</li>
<li>Price Targets: Analysts gauge the dynamics of price targets, providing estimates for the future value of Coherent's stock. This comparison reveals trends in analysts' expectations over time.</li>
</ul>
Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Coherent's market standing. Stay informed and make data-driven decisions with our Ratings Table.
<a href="https://www.benzinga.com/quote/COHR/analyst-ratings?adType=benzinga-insights&amp;ad=analyst-ratings&amp;campaign=wallstreetadvantage">Stay up to date on Coherent analyst ratings.</a>
<h2>Get to Know Coherent Better</h2>
Coherent Corp engaged in materials, networking, and lasers, is a vertically integrated manufacturing company that develops, manufactures, and markets engineered materials, optoelectronic components and devices, and lasers for use in the industrial, communications, electronics and instrumentation markets. The firm operates in three segments Networking, Materials, and Lasers Segment. It generates maximum revenue from Networking segment. The company geographically operates in North America. Europe, China, Japan and Rest of the world.
<h3>Breaking Down Coherent's Financial Performance</h3>
Market Capitalization Analysis: With an elevated market capitalization, the company stands out above industry averages, showcasing substantial size and market acknowledgment.
Positive Revenue Trend: Examining Coherent's financials over 3M reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 23.91% as of 31 March, 2025, showcasing a substantial increase in top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.
Net Margin: Coherent's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of -1.13%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Coherent's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -0.32%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): Coherent's ROA stands out, surpassing industry averages. With an impressive ROA of -0.12%, the company demonstrates effective utilization of assets and strong financial performance.
Debt Management: Coherent's debt-to-equity ratio is notably higher than the industry average. With a ratio of 0.74, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
<h2>The Basics of Analyst Ratings</h2>
Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

Breaking Down Coherent: 14 Analysts Share Their Views

J.P. Morgan analyst Samik Chatterjee sees a brighter outlook for Coherent Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) and Lumentum Holdings Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LITE#NASDAQ">LITE</a>), having successfully scaled the &#8220;wall of worry&#8221; that defined the optics sector&#8217;s recent past.
With concerns easing around CPO (co-packaged optics) disruption, pricing pressure, tech transitions such as EML to SiPh, and tariffs, Chatterjee expects optics firms to deliver stronger performance in the second half of 2025, supported by improving demand and better strategic positioning.
For Coherent, the analyst raised the target multiple to 22x and increased the December 2025 price forecast to <a target="_blank" href="https://www.benzinga.com/quote/COHR/analyst-ratings" rel="noreferrer noopener">$100 from $86</a> while maintaining an Overweight rating.
Also Read: <a target="_blank" href="https://www.benzinga.com/25/04/44651784/coherent-upgraded-to-buy-analyst-sees-strong-growth-in-ai-transceivers-and-telecom-demand-through-2030" rel="noreferrer noopener">Coherent Gets Analyst Upgrade, But Tariffs Could Cast Shadow Over Future Growth</a>
He cited the company&#8217;s effective navigation of CPO disruption and the strength of its broad product portfolio as key drivers of confidence in its long-term growth and margin goals.
Chatterjee now models 10% revenue growth for Coherent in fiscal year 2026 and fiscal year 2027, with gross margins reaching approximately 39% and 40%, respectively. Updated EPS forecasts stand at $4.50 for fiscal year 2026 and $5.70 for fiscal year 2027, with the latter about 4% above consensus estimates.
For Lumentum, Chatterjee raised the target multiple to 20x and lifted the December 2025 price forecast to <a target="_blank" href="https://www.benzinga.com/quote/LITE/analyst-ratings" rel="noreferrer noopener">$100 from $87</a>, reiterating an Overweight rating.
The analyst highlighted stronger Telecom DCI demand and a faster ramp in Datacom, particularly through Cloudlight, as key drivers of Lumentum&#8217;s improved revenue outlook and raised earnings forecasts.
The analyst now projects that Lumentum will reach $600 million in quarterly revenue by the fourth quarter of fiscal 2026. EPS estimates have been raised to $4.20 for fiscal year 2026 (up from $3.95) and $5.90 for fiscal year 2027 (up from $5.55).
Recently, Lumentum <a target="_blank" href="https://www.benzinga.com/markets/guidance/25/06/45760251/lumentum-stock-jumps-after-the-close-on-rosier-outlook" rel="noreferrer noopener">raised</a> its fourth-quarter revenue guidance to $465 million-$475 million, up from the prior $440 million-$470 million range. The company also expects to reach $500 million in revenue in the first quarter of fiscal 2026, one quarter ahead of schedule.
It also raised Q4 earnings guidance to 78–85 cents per share, with operating margins now expected in the 14%–15% range.
Following recent company updates from Lumentum, multiple Wall Street analysts have raised their price forecasts, signaling increased confidence in the stock&#8217;s trajectory.
The ratings are generally positive, ranging from Neutral to Strong Buy, with firms like Rosenblatt and Needham now targeting a price of $105.
Price Action: COHR shares are trading higher by 0.23% to $81.79, and LITE is up 4.03% to $85.68 at last check Thursday.
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Image via Shutterstock

Reiteration

Optics Rebound In Sight: J.P. Morgan Boost Targets On Coherent, Lumentum Amid Tech Shift Easing

JP Morgan analyst Samik Chatterjee maintains Coherent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) with a Overweight and raises the price target from $86 to $100.

JP Morgan Maintains Overweight on Coherent, Raises Price Target to $100

Bank of America Securities analyst Vivek Arya on Monday <a href="https://www.benzinga.com/topic/tech-stocks" target="_blank" rel="noreferrer noopener">recapped takeaways from</a> a tech conference in which 27 companies attended.
Representatives from the following companies attended: Nvidia Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>); Advanced Micro Devices (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMD#NASDAQ">AMD</a>); Intel Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INTC#NASDAQ">INTC</a>); Marvell Tech (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MRVL#NASDAQ">MRVL</a>); Arm Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARM#NASDAQ">ARM</a>); Coherent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>); Lumentum Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LITE#NASDAQ">LITE</a>); ON Semiconductor (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ON#NASDAQ">ON</a>); Texas Instruments (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TXN#NASDAQ">TXN</a>); Synopsys (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SNPS#NASDAQ">SNPS</a>); and Lam Research Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LRCX#NASDAQ">LRCX</a>); KLA Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/KLAC#NASDAQ">KLAC</a>); and Applied Materials (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AMAT#NASDAQ">AMAT</a>).
Arya noted that the overall tone was positive across computing and networking for GPU (Nvidia and AMD) and ASIC (Marvell) vendors.
He maintains Nvidia with a Buy rating with a $180 price target. Nvidia remains best positioned to benefit from the ongoing AI tide, supported by a multi-year lead in performance (AI scaling), pipeline, incumbency, scale, and developer support, he adds.
Also, the company&#8217;s rack-scale systems are in full production and overall AI demand continues to rise for inference reasoning and sovereign AI.
Also Read: <a href="https://www.benzinga.com/m-a/25/06/45789800/amd-acquires-another-company-to-expands-ai-arsenal" target="_blank" rel="noreferrer noopener">AMD Acquires Another Company To Expand AI Arsenal</a>
Arm also expects a continued 50% server CPU deployment share this year, Arya said.
Arya raised his price target on Arm to $150 (from $135) on the continued proliferation (market share gain) of Arm-based CPUs in the data center, above peers, though justified by Arm&#8217;s superior growth profile, sticky Licensing business, and expanding Royalty rates.
Concerns about tariff-related pull-ins remain at Intel for PCs. Still, AMD continues to see strong sell-through in the second quarter, aided by higher-ASP new products, and could even see seasonal second-half strength, the analyst said.
Arya said Lam Research, KLA Corp, and Applied Materials indicated strong momentum in leading-edge F/L and advanced DRAM WFE this year, which is helping to offset weakness in China and trailing-edge spending to sustain mid-single-digit Y/Y growth in calendar 2025.
The analyst said KLA Corp also suggested that mid-single-digit Y/Y WFE growth in calendar 2026 could be a plausible assumption led by strong 2nm/GAA investments.
Lam Research noted NAND upgrades in the early stages across multiple customers inside a $40 billion multi-year opportunity, Arya said. Crucially, all vendors suggested China is &#8220;de-risked&#8221; this year despite recent restriction noise and can settle at 25%- 30% of sales, the analyst noted.
Arya raised his Lam Research price target to $100 (from $90), which was justified by improving NAND prospects as a leading-edge foundry/logic, and advanced DRAM (DDR5/HBM) remained strong.
The analyst raised his price target on KLA Corp to $900 (from $825), given increasing leading-edge F/L ramp visibility, advanced packaging TAM expansion, and best-in-class profitability.
He raised his Lumentum price target to $78 (from $70), justified by broad-based strength in the data center.
Arya raised his On Semiconductor price target to $60 (from $55), which was justified following management calling the second-quarter auto bottom with broad-based recovery across auto and industrial expected in the second half.
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KLAC

LRCX

MRVL

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AI Momentum Powers Nvidia, Arm And Chip Supply Chain In BofA Recap

Wall Street analysts responded to Ciena Corp.&#8217;s (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CIEN#NYSE">CIEN</a>) second-quarter financial results on Thursday.
Ciena reported a <a target="_blank" href="https://www.benzinga.com/markets/large-cap/25/06/45790736/ciena-stock-slides-after-q2-eps-miss-margin-drop-despite-strong-sales" rel="noreferrer noopener">quarterly revenue growth</a> of 23.6% to $1.13 billion, beating the&nbsp;analyst consensus&nbsp;estimate of $1.09 billion.
The American telecommunications networking equipment and software services supplier reported an adjusted EPS of 42 cents,&nbsp;which missed the&nbsp;analyst consensus estimate&nbsp;of 52 cents.
Also Read: <a target="_blank" href="https://www.benzinga.com/markets/large-cap/25/06/45779192/ciena-ai-ambitions-face-margin-math-marvell-ous-analyst" rel="noreferrer noopener">Ciena Set To Beat Q2 Estimates But AI Ambitions Face Margin Math And Marvell-ous Rivals</a>
The adjusted gross margin declined by 250 bps to 41%, and the adjusted operating margin increased by 140 bps to 8.2%.
Rosenblatt analyst Mike Genovese maintained Ciena <a href="https://www.benzinga.com/quote/CIEN/analyst-ratings" target="_blank" rel="noreferrer noopener">with a Neutral</a> and lowered the price target from&nbsp;$85&nbsp;to&nbsp;$78.
Needham analyst Ryan Koontz reiterated Ciena with a Buy and a $90&nbsp;price target.
Rosenblatt: Genovese noted his Ciena preview was accurate since he expected increased revenue guidance. However, he was worried about margins because of customer and product mix and the time it could take to achieve the mid-40s gross margin and mid-teens operating margin targets.
The analyst said the gross margin was light because of a heavy sales mix of new line systems, which tend to get filled with high-margin cards later and 400ZR pluggable. The good news is that higher revenues appear sustainable.
Genovese said Cloud and Service Provider DCI markets can drive multi-year growth above 8% to 11%. The analyst noted Ciena will likely increase its multi-year revenue growth above this range before the end of fiscal 2025. He said the company has also won its first two Datacom Campus deals, including one likely to be worth hundreds of millions of dollars, with revenues slated to begin in 2026.
As per Genovese, the read for Datacom companies, like Lumentum Holdings Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LITE#NASDAQ">LITE</a>) and Coherent Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>), is positive since Cloud capex is substantial and the 1.6+T Datacom products Ciena is moving over the next few years are expected to be good for the gross margins. 
The read is also positive for Telecom- and DCI-exposed names, like Viavi Solutions (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VIAV#NASDAQ">VIAV</a>), Ribbon Communications (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RBBN#NASDAQ">RBBN</a>) and ADTRAN Holdings (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADTN#NASDAQ">ADTN</a>), since Telecom demand is strong and Ciena&#8217;s gross margins issues are company-specific, the analyst said.
For Ciena, he sought signs that margins are sustainably improving before potentially becoming more constructive in his rating.
Genovese projected fiscal 2025 revenue of $4.58 billion (prior $4.41 billion) and adjusted EPS of $2.24 (prior $2.43).
Needham: Ciena reported mixed fiscal second-quarter results, with revenue and adjusted EPS +3% and -10 cents versus consensus, and fiscal second-half guidance reflects meaningfully higher revenue growth but lower gross margin and EPS than expected.
Fiscal second-quarter strength in Cloud (+88% Y/Y) drove the outperformance and strong bookings (B2B &gt; 1), but new products that carry lower gross margins are increasing in mix faster than expected, the analyst said. 
Increased tariff costs also impact gross profit by ~$10 million per quarter, which he feared could worsen given uncertainties.
Koontz noted the stock pullback as a buying opportunity for a company with the industry&#8217;s best technology and customer relationships. The analyst expects Ciena to benefit from continued share gains and is enthused about emerging intra-data center opportunities in fiscal 2027, although less bullish on Switching and Broadband.
Koontz projected fiscal 2025 revenue of $4.57 billion (prior $4.44 billion) and adjusted EPS of $2.25 (prior $2.58).
CIEN Price Action: CIEN stock is up 0.22% at $73.29 at publication on Friday.
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ADTN

CIEN

RBBN

VIAV

Ciena Poised For Growth On Cloud Demand, But Analysts Warn About Margin Pressure, Tariff Costs

Chief Executive Officer pay soared to new heights in 2024, with compensation packages for the top executives at America's largest companies <a href="https://www.benzinga.com/markets/equities/25/06/45740017/tsmc-ceo-tells-trump-100-billion-us-chip-expansion-will-take-time-amid-tariff-pressures-surging-ai-demand">reaching record levels.&nbsp;</a>
The median compensation for the highest-paid 100 CEOs in 2024, according to data from <a href="https://www.equilar.com/reports/116-highest-paid-ceos-2025-equilar-100.html">Equilar</a>, reached $25.6 million, reflecting a 9.5% increase over the previous year.
A significant driver of this increase was the median value of stock awards, which jumped 40.5% year over year — from $13.2 million in 2023 to $18.6 million in 2024. In 2024, stock awards represented about 73% of the median total compensation for Equilar&#8217;s top 100 CEOs.
Read Next: <a href="https://www.benzinga.com/news/space/25/06/45724938/space-stocks-weekly-countdown-rocketlab-gets-analyst-love-while-virgin-galactic-slides-into-june?utm_source=articleShare">Space Stocks Weekly Countdown: RocketLab Gets Analyst Love While Virgin Galactic Slides Into June</a>
Here are the top 10 S&amp;P 500 CEO pay packages in 2024:
<h3 class="wp-block-heading"> Company           CEO       Total Pay In 2024</h3>
<figure class="wp-block-table"> 
<table class="has-fixed-layout">
<tbody>
<tr>
<td>Coherent Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>)</td>
<td>James Robert Anderson</td>
<td>$ 101,497,009</td>
</tr>
<tr>
<td>Starbucks Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>)</td>
<td>Brian Niccol</td>
<td>$ 95,801,676</td>
</tr>
<tr>
<td>General Electric Company (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GE#NYSE">GE</a>)</td>
<td>&nbsp; H. Lawrence Culp, Jr.</td>
<td>$ 87,393,876</td>
</tr>
<tr>
<td>Microsoft Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSFT#NASDAQ">MSFT</a>)</td>
<td>Satya Nadella</td>
<td>$ 79,106,183</td>
</tr>
<tr>
<td>Apple Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AAPL#NASDAQ">AAPL</a>)</td>
<td>Tim Cook&nbsp;</td>
<td>$ 74,609,802</td>
</tr>
<tr>
<td>Carrier Global Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CARR#NYSE">CARR</a>)</td>
<td>David Gitlin</td>
<td>$ 65,554,845</td>
</tr>
<tr>
<td>Palo Alto Networks, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PANW#NASDAQ">PANW</a>)</td>
<td>Nikesh Arora</td>
<td>$ 58,036,875</td>
</tr>
<tr>
<td>Adobe Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ADBE#NASDAQ">ADBE</a>)</td>
<td>Shantanu Narayen</td>
<td>$ 52,390,182</td>
</tr>
<tr>
<td>Nutanix, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NTNX#NASDAQ">NTNX</a>)</td>
<td>Rajiv Ramaswami</td>
<td>$ 51,143,711</td>
</tr>
<tr>
<td>CrowdStrike Holdings, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CRWD#NASDAQ">CRWD</a>)</td>
<td>George Kurtz</td>
<td>$ 46,983,855</td>
</tr>
</tbody>
</table>
</figure>
One notable name missing from the list is NVIDIA Corp. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NVDA#NASDAQ">NVDA</a>) CEO Jensen Huang, who earned $49.9 million in total compensation, but was excluded because the company filed its proxy after Equilar's April 30 cutoff.&nbsp;
Two well-known billionaires ranked near the bottom: Warren Buffett, CEO of Berkshire Hathaway, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BRK#NYSE">BRK</a>) and Elon Musk of Tesla, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>).&nbsp;
Buffett received $405,000 in compensation, about five times the salary of the average Berkshire Hathaway employee.&nbsp;
Musk was the lowest-paid S&amp;P 500 CEO and received $0 in compensation from Tesla in 2024, as his $56 billion multiyear pay package from 2018 remains embroiled in a legal battle.&nbsp;
Read Next:<a href="https://www.benzinga.com/news/management/25/05/45675714/can-michael-burrys-nvidia-short-survive-the-stocks-stunning-comeback?utm_source=articleShare">&nbsp;</a>
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Image: Shutterstock

Large Cap

Movers & Shakers

Management

ADBE

CARR

CRWD

MSFT

NTNX

PANW

SBUX

TSLA

Here Are The Highest Paid CEOs In 2024: Where Did Elon Musk, Warren Buffett Rank?

MASS

PCLA

Shares of companies within the broader tech sector are trading higher amid overall market strength due to a rise in NVIDIA, a slight improvement in consumer confidence and as traders await details on potential US trade deals.

Morgan Stanley analyst Meta Marshall maintains Coherent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) with a Equal-Weight and raises the price target from $74 to $83.

Morgan Stanley Maintains Equal-Weight on Coherent, Raises Price Target to $83

Rosenblatt analyst Mike Genovese maintains Coherent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) with a Buy and maintains $95 price target.

Rosenblatt Maintains Buy on Coherent, Maintains $95 Price Target

Needham analyst Ryan Koontz maintains Coherent (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/COHR#NYSE">COHR</a>) with a Buy and raises the price target from $85 to $90.

Needham Maintains Buy on Coherent, Raises Price Target to $90

Press Releases

General

Coherent Introduces Breakthrough Diamond-Silicon Carbide Material for Next Generation Thermal Management in AI and High-Performance Computing

Coherent Launches Best-In-Class 18 W 880 nm Single-Emitter Laser Diode For High-Performance DPSS Systems

Coherent Expands PowerMax™ Line with PM15k+ High-Power Laser Sensor and New Backscatter Shield for PM10k+

Coherent Launches Industry-First 600 W Excimer Laser for High-Volume HTS Tape Production

Coherent Introduces Class-Leading Disposable Surgical Fiber Assemblies for Laser Lithotripsy and Advanced Medical Applications

Coherent Launches Compact, Air-Cooled Diode Laser System and Sets New Standard in Polymer Welding

Coherent Expands Factor Series Diode Pumps with Higher Power, Improved Efficiency, and New Wavelength Options

Coherent Introduces Osprey, a Compact Femtosecond Laser for Optogenetics, Microsurgery, and Medical Device Manufacturing

Coherent Launches ACE FL, an All-New, Two-Micron Fiber Laser to Address the Expanding Opportunities in Urology and Other Medical Markets

Coherent to Showcase Innovative Products, Technologies, and Thought Leadership at Laser World of Photonics 2025

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