SCHEDULE 13G: FMR LLC and Abigail Johnson Disclose 6.4% Stake in Coherent Corp
Beneficial Ownership Report (Schedule 13G)
FMR LLC and its Chairman and CEO, Abigail P. Johnson, have jointly disclosed a beneficial ownership of 6.4% of Coherent Corp's common stock as of December 31, 2024.
Summary
- FMR LLC and Abigail P. Johnson have filed a Schedule 13G, reporting beneficial ownership of 9,845,014.28 shares of Coherent Corp's common stock.
- This reported ownership represents 6.4% of the total outstanding common stock of Coherent Corp.
- The beneficial ownership is reported as of December 31, 2024.
- FMR LLC holds sole voting power over 9,793,591.97 shares and sole dispositive power over 9,845,014.28 shares.
- Abigail P. Johnson, as a controlling person of FMR LLC, is deemed to beneficially own the same aggregate amount of shares with sole dispositive power.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: This is a neutral, factual disclosure of beneficial ownership. It does not inherently convey positive or negative sentiment about the company's performance or prospects, only the fact of a significant institutional holding.
Positives
- NA
Negatives
- NA
Risks
- NA
Future Outlook
This Schedule 13G filing is a disclosure of beneficial ownership and does not contain forward-looking statements or guidance regarding Coherent Corp's future outlook.
Industry Context
This filing indicates a significant passive investment by a major asset management firm (FMR LLC, parent of Fidelity Investments) in Coherent Corp, which is a common practice for large institutional investors seeking diversified portfolios. Such disclosures provide transparency into major shareholder positions within the market.
Stakeholder Impact
- Shareholders: The disclosure of a significant institutional holding by FMR LLC (Fidelity) may be viewed by other investors as a vote of confidence in Coherent Corp, or it could signal potential liquidity implications if the stake were to change significantly in the future.
Key Dates
| Date | Description |
|---|---|
| January 3, 2023 | Effective date of Power of Attorney for FMR LLC. |
| January 26, 2023 | Effective date of Power of Attorney for Abigail P. Johnson. |
| December 31, 2024 | Date of event which requires filing of this statement (ownership reporting date). |
| February 11, 2025 | Date of signing and joint filing agreement for the Schedule 13G. |
Keywords
Coherent Corp, FMR LLC, Abigail P. Johnson, Schedule 13G, Beneficial Ownership, Common Stock, Institutional Investor, SEC Filing
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