Published on 13 Mar 2024 on Insider Monkey via Yahoo Finance
What Makes Coherent Corp. (COHR) an Investment Bet?
Diamond Hill Capital, an investment management company, released its “Select Strategy” fourth-quarter 2023 investor letter. A copy of the same can be downloaded here. In Q4, the portfolio rose strongly outperforming the Russell 3000 Index and adding to calendar-year outperformance. The strategy returned 18.06% (net) in Q4 compared to a 12.07% return for the index. For the calendar year, the strategy returned 30.60% compared to a 25.96% return for the index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2023.
Diamond Hill Select Strategy featured stocks like Coherent Corp. (NYSE:COHR) in the fourth quarter 2023 investor letter. Headquartered in Saxonburg, Pennsylvania, Coherent Corp. (NYSE:COHR) is a manufacturer and distributor of engineered materials and opto-electronic components and devices. On March 12, 2024, Coherent Corp. (NYSE:COHR) stock closed at $62.86 per share. One-month return of Coherent Corp. (NYSE:COHR) was 1.37%, and its shares gained 76.67% of their value over the last 52 weeks. Coherent Corp. (NYSE:COHR) has a market capitalization of $9.518 billion.
Diamond Hill Select Strategy stated the following regarding Coherent Corp. (NYSE:COHR) in its fourth quarter 2023 investor letter: