Coherent (COHR) Surged on Accelerated Demand

Core Insights - Diamond Hill Capital's "Select Fund" underperformed the Russell 3000 Index in Q3 2025, returning 4.98% compared to the index's 8% gain [1] - Coherent Corp. (NYSE:COHR) was highlighted as a top contributor, with a one-month return of 22.40% and a 52-week gain of 49.35% [2][3] Company Performance - Coherent Corp. closed at $138.06 per share on October 29, 2025, with a market capitalization of $21.666 billion [2] - The company is experiencing strong demand for its data center-related products, particularly optical transceivers, which is driving its growth [3] Hedge Fund Interest - Coherent Corp. was held by 66 hedge fund portfolios at the end of Q2 2025, an increase from 61 in the previous quarter [4] - Despite its potential, the company is not among the 30 most popular stocks among hedge funds, with some analysts suggesting that certain AI stocks may offer better upside potential [4]