
What smart money is saying about Coherent Corp.
2 funds in our archive have pitched Coherent Corp. — most recently Baron Technology ETF in March 2026.
Coherent, Inc. specializes in advanced laser technologies, offering a comprehensive suite of products that includes lasers, laser-based solutions, and complete systems. These are deployed across a spectrum of uses, from commercial and industrial operations to critical scientific research. The company's operations are distinctly segmented into two primary areas: laser sources for Original Equipment Manufacturers (OEMs) and industrial lasers alongside integrated systems. Coherent handles the entire lifecycle of its offerings, from conceptual design and manufacturing to global marketing and ongoing service. Their product portfolio spans lasers, specialized laser tools, high-precision optical components, associated accessories, and sophisticated laser measurement and control devices. These sophisticated tools are integral to fields such as microelectronics fabrication, advanced materials processing, integration into original equipment manufacturer (OEM) components and instrumentation, scientific studies, and various governmental programs. Distribution in the U.S. is primarily managed by an in-house sales team, while international markets are reached through a combination of direct sales personnel and independent representatives. Established in 1966, Coherent, Inc. maintains its headquarters in Santa Clara, California. Notably, since July 1, 2022, the company has operated as a wholly-owned subsidiary of II-VI Incorporated.
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Position history
Between Q1 2025 and Q2 2026, 3 fund letters reported a position in Coherent Corp., with no move described.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 3 | 0 | 0 | 0 |
| Q1 2026 | 0 | 0 | 0 | 1 |
| Q1 2025 | 0 | 0 | 0 | 1 |
Fund activity · 3 positions
- HoldsClearBridge Investments SMID Cap Growth StrategyJune 2026
“Semiconductor companies including Allegro MicroSystems and Lattice Semiconductor, along with networking and semiconductor capital equipment providers such as Coherent, Credo Technology and Onto Innovation, benefited from demand tied to AI infrastructure, semiconductor cycle improvement, automation and cutting-edge AI applications.”
Read the letterCoherent Corp. - HoldsBaron Opportunity FundJune 2026
“Several of our AI-infrastructure and semiconductor investments also contributed to absolute and relative performance, including Taiwan Semiconductor Manufacturing Company Limited (the world’s advanced-semiconductor manufacturing champion), indie Semiconductor, Inc. (automotive semiconductor innovator), Coherent Corp. (optical technology leader), ASML Holding N.V. (the world’s dominant provider of advanced lithography semiconductor manufacturing equipment), Micron, and Broadcom.”
Read the letterCoherent Corp. - HoldsBaron SMID Cap ETFJune 2026
“Coherent Corp. is a vertically integrated provider of laser-based systems.”
Read the letterCoherent Corp.
Fund coverage · 2 theses
- Baron Technology ETFMarch 2026
Coherent Corp. is a vertically integrated photonics leader poised to benefit from expanding optical communications in AI data centers and emerging technologies like co-packaged optics.
Read the full thesis - RoyceMarch 2025
Coherent is a technology company leveraging engineered materials and laser solutions to drive growth in key markets like datacom, electric vehicles, and AI, with recent success in datacom transceivers amid rising demand.
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