SCHEDULE 13G/A: BlackRock Amends Coherent Corp. Stake, Discloses 11.9% Beneficial Ownership
Beneficial Ownership Disclosure
BlackRock, Inc. has filed an Amendment No. 4 to its Schedule 13G, disclosing a beneficial ownership of 11.9% of Coherent Corp.'s common stock as of December 31, 2024.
Summary
- BlackRock, Inc. filed an Amendment No. 4 to Schedule 13G concerning its beneficial ownership in Coherent Corp.
- As of December 31, 2024, BlackRock, Inc. beneficially owns an aggregate of 18,423,378 shares of Coherent Corp. common stock.
- This ownership represents 11.9% of the total outstanding common stock of Coherent Corp.
- BlackRock, Inc. holds sole voting power over 17,952,292 shares and sole dispositive power over 18,423,378 shares.
- The filing certifies that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Coherent Corp.
- Several BlackRock subsidiaries, including Aperio Group, LLC, BlackRock (Luxembourg) S.A., and BlackRock Fund Advisors, are identified as entities that beneficially own 5% or greater of the outstanding shares of Coherent Corp.
Sentiment
Score: 5
Explanation: The document is a factual disclosure of beneficial ownership and does not contain information that would indicate a positive or negative sentiment regarding Coherent Corp.'s performance or outlook.
Future Outlook
NA
Industry Context
This filing is a routine disclosure by a major institutional asset manager, BlackRock, Inc., detailing its passive investment stake in Coherent Corp. Such large holdings by firms like BlackRock are common across publicly traded companies, reflecting their broad market index and active investment strategies. It indicates BlackRock's continued presence as a significant shareholder in the technology and industrial materials sector, where Coherent Corp. operates.
Stakeholder Impact
- Shareholders: BlackRock's significant 11.9% stake indicates a major institutional investor's continued confidence, which could positively influence other investors' perceptions of Coherent Corp.
Key Dates
| Date | Description |
|---|---|
| 2023-04-30 | Previous Power of Attorney date, which was revoked by the new Power of Attorney. |
| 2024-12-31 | Date of event which requires the filing of this statement (reporting period end date). |
| 2025-01-21 | Date of execution for the new Power of Attorney. |
| 2025-02-03 | Date of filing of this Schedule 13G Amendment No. 4. |
Keywords
BlackRock, Coherent Corp., Schedule 13G, Beneficial Ownership, Institutional Investor, Common Stock, SEC Filing, Passive Investment
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