Director Michael L Dreyer sold 11,570 shares of COHR at $144.88 for $1.7M, reducing holdings by 48.9%
Director Michael L Dreyer sold 11,570 shares of Coherent Corp at $144.88 on 2025-11-14, reducing his holdings from 23,655 shares to 12,085 shares—a 48.9% reduction in position size for approximately $1.7M in proceeds. The sale occurred at $144.88 while the current price stands at $139.07, representing a 3.3% decline from the transaction price, though the stock has appreciated 19.5% over the past 30 days and 58.5% over 90 days from lower levels. The transaction takes place in a company with strong recent fundamentals: revenue of $1.6B in the latest quarter, net income of $226.3M, annual revenue growth of 23.4%, and a market cap of $21.9B, though the elevated P/E of 87.47 reflects market expectations embedded in valuation. The substantial reduction in a director's stake—disposing of nearly half his shares at a near-52-week high of $166.72 (current price -16.6% from that peak)—represents a material change in personal exposure to the company.