Is Coherent Corp. (COHR) a Good Long-Term Investment? - Yahoo Finance

Carillon Tower Advisers, an investment management company, released its “Carillon Scout Small Cap Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. Economic slowdown, inflation, ongoing Russia-Ukraine war, and Federal Reserve actions provided uncertainty in the market. Investors reacted negatively to these issues; thus, the equity market declined considerably in the second quarter. The small-cap funds represented by the Russell 2000 Growth Index declined significantly in the quarter. Investing in small-cap companies involves more risk compared to other investments. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Carillon Tower Advisers discussed stocks like Coherent Corp. (NASDAQ:COHR) in the second quarter 2022 investor letter. The company was previously named II-VI Incorporated and changed its name to Coherent Corp. (NASDAQ:COHR) in September 2022 . Headquartered in Saxonburg, Pennsylvania, Coherent Corp. (NASDAQ:COHR) is a manufacturer and distributor of semiconductors and optical materials. On October 6, 2022, Coherent Corp. (NASDAQ:COHR) stock closed at $37.97 per share. One-month return of Coherent Corp. (NASDAQ:COHR) was -12.23% and its shares lost 34.00% of their value over the last 52 weeks.

Here is what Carillon Tower Advisers specifically said about Coherent Corp. (NASDAQ:COHR) in its Q2 2022 investor letter:

"Coherent Corp. (NASDAQ:COHR) designs and manufactures optical and optoelectronic devices for a variety of electronic, communication, and industrial end markets. The company continues to face headwinds within its supply chain but is maintaining a strong outlook and backlog growth for the year ahead. Additionally, the stock remains under some pressure from uncertainty related to its recent acquisition of a global provider of lasers and related technology."

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Coherent Corp. (NASDAQ:COHR) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 33 hedge fund portfolios held Coherent Corp. (NASDAQ:COHR) at the end of the second quarter which was 36 in the previous quarter.

We discussed Coherent Corp. (NASDAQ:COHR) in another article and shared the list of stocks to buy according to Carlson Capital. In addition, please check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other leading investors.

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Is Coherent Corp. (COHR) a Good Long-Term Investment? - Yahoo Finance

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