The stock of II-VI, Inc. (NASDAQ:IIVI) is a huge mover today! About 217,554 shares traded hands. II-VI, Inc. (NASDAQ:IIVI) has risen 34.73% since April 18, 2016 and is uptrending. It has outperformed by 30.30% the S&P500.
The move comes after 6 months positive chart setup for the $1.96B company. It was reported on Nov, 18 by Barchart.com. We have $41.62 PT which if reached, will make NASDAQ:IIVI worth $705.60 million more.
II-VI, Inc. (NASDAQ:IIVI) Ratings Coverage
Out of 4 analysts covering II-VI (NASDAQ:IIVI), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. II-VI has been the topic of 8 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The stock has “Buy” rating given by Benchmark on Tuesday, October 25. As per Tuesday, August 4, the company rating was upgraded by Sidoti. The rating was downgraded by TheStreet on Saturday, August 15 to “Buy”. The rating was upgraded by B. Riley & Co on Wednesday, October 26 to “Buy”. The firm earned “Buy” rating on Monday, October 24 by Needham. The firm earned “Hold” rating on Thursday, August 6 by Zacks.
According to Zacks Investment Research, “II-VI Incorporated designs, manufactures and markets optical and opto-electronic components, devices and materials for infrared, near-infrared, visible light, x-ray and gamma ray instrumentation. The Company’s infrared optics business manufactures optical and opto-electronic components sold under the II-VI brand name and used primarily in CO2 lasers. The Company’s near-infrared optics business manufactures near-infrared & visible light products for industrial, scientific, military & medical instruments and laser gain materials and products for solid-state YAG and YLF lasers at the Company’s VLOC subsidiary. The Company’s military infrared optics business manufactures infrared products for military applications under the Exotic Electro-Optics brand name.”
Insitutional Activity: The institutional sentiment decreased to 1.02 in Q2 2016. Its down 0.01, from 1.03 in 2016Q1. The ratio dived, as 27 funds sold all II-VI, Inc. shares owned while 62 reduced positions. 24 funds bought stakes while 68 increased positions. They now own 41.67 million shares or 4.66% more from 39.81 million shares in 2016Q1.
Vanguard Group Inc Inc accumulated 4.22 million shares or 0% of the stock. Citigroup owns 33,025 shares or 0% of their US portfolio. Alphamark Advsr Limited Com, a Kentucky-based fund reported 36,626 shares. Usa Portformulas last reported 0.1% of its portfolio in the stock. Prudential Incorporated accumulated 0% or 129,225 shares. Barclays Public Limited Company has 104,699 shares for 0% of their US portfolio. Moreover, Morgan Stanley has 0% invested in II-VI, Inc. (NASDAQ:IIVI) for 255,429 shares. Moreover, Bessemer Grp has 0% invested in II-VI, Inc. (NASDAQ:IIVI) for 200 shares. American Century Inc, a Missouri-based fund reported 28,002 shares. Smithfield Tru Company accumulated 3,500 shares or 0.01% of the stock. Spark Inv Mngmt Lc last reported 0.22% of its portfolio in the stock. Focused Wealth Mgmt Incorporated accumulated 0% or 200 shares. Blackrock Grp Incorporated, a United Kingdom-based fund reported 88,147 shares. Sector Pension Invest Board, a Quebec – Canada-based fund reported 37,637 shares. Cap One Natl Association holds 18,990 shares or 0.03% of its portfolio.
Insider Transactions: Since May 27, 2016, the stock had 1 insider purchase, and 5 selling transactions for $1.08 million net activity. 11,000 shares were sold by MATTERA VINCENT D JR, worth $220,125. The insider MISTLER THOMAS E sold $92,881. $80,092 worth of II-VI, Inc. (NASDAQ:IIVI) shares were bought by Xia Howard H.. Shares for $89,200 were sold by DICICCO WENDY F. $689,353 worth of II-VI, Inc. (NASDAQ:IIVI) was sold by CORASANTI JOSEPH J.
More notable recent II-VI, Inc. (NASDAQ:IIVI) news were published by: Fool.com which released: “Why II-VI, Inc. Gained 14.3% in October” on November 10, 2016, also Fool.com with their article: “Why II-VI, Inc. Gained 15% in September” published on October 12, 2016, Fool.com published: “Why Shares of II-VI Inc. Slumped Today” on April 27, 2016. More interesting news about II-VI, Inc. (NASDAQ:IIVI) were released by: Seekingalpha.com and their article: “II-VI Inc.: The High Quality Play In Optics” published on September 22, 2016 as well as Post-Gazette.com‘s news article titled: “Revenue up 17 percent at II-VI Inc. for quarter, but profit slips” with publication date: October 25, 2016.
IIVI Company Profile
II-VI Incorporated, incorporated on June 22, 1971, develops and makes engineered materials, optoelectronic components and products for precision use in industrial, optical communications, military, semiconductor, consumer and life science applications. The Firm has three operating divisions: II-VI Laser Solutions, II-VI Photonics and II-VI Performance Products. The Company’s II-VI Laser Solutions segment designs, makes and markets optical and electro-optical components and materials sold under the II-VI Infrared brand name and used primarily in high-power carbon dioxide (CO2) lasers, fiber-delivered beam delivery systems and processing tools and direct diode lasers for industrial lasers sold under the II-VI HIGHYAG and II-VI Laser Enterprise brand names. The II-VI Laser Solutions segment also makes compound semiconductor epitaxial wafers for applications in optical components, wireless devices, and communication systems and makes approximately six-inch gallium arsenide wafers allowing for the production of lasers and integrated circuits sold under the II-VI EpiWorks and II-VI OptoElectronic Devices Division brand names. The II-VI Photonics segment makes crystal materials, optics, microchip lasers and opto-electronic modules for use in optical communication networks and other consumer and commercial applications. In addition, the II-VI Photonics segment also makes pump lasers, and optical amplifiers and micro-optics for optical amplifiers for both terrestrial and submarine applications within the optical communications market. The Company’s II-VI Performance Products segment designs, makes and markets infrared optical components and high-precision optical assemblies for military, medical and commercial laser imaging applications. In addition, the II-VI Performance Products segment designs, makes and markets engineered materials for thermo-electric and silicon carbide applications servicing the semiconductor, military and medical markets.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.