What Next for II-VI Incorporated (IIVI) Stock After Today’s Big Increase?

February 14, 2018 - By Hazel Jackson

Investors sentiment increased to 1.08 in Q3 2017. Its up 0.13, from 0.95 in 2017Q2. It increased, as 20 investors sold II-VI Incorporated shares while 67 reduced holdings. 35 funds opened positions while 59 raised stakes. 48.90 million shares or 1.21% more from 48.32 million shares in 2017Q2 were reported.
State Board Of Administration Of Florida Retirement Systems has 0.01% invested in II-VI Incorporated (NASDAQ:IIVI). Peak6 Lp holds 0.01% of its portfolio in II-VI Incorporated (NASDAQ:IIVI) for 32,983 shares. Brinker Capital holds 6,205 shares. Pacad Limited holds 0.02% or 2,396 shares in its portfolio. 1.25 million are owned by Bankshares Of New York Mellon. Rodgers Brothers reported 10.66% stake. North Carolina-based Piedmont Investment Ltd has invested 0.01% in II-VI Incorporated (NASDAQ:IIVI). Scout Invests holds 167,775 shares or 0.19% of its portfolio. Strs Ohio owns 108,100 shares or 0.02% of their US portfolio. Principal reported 1.11 million shares or 0.04% of all its holdings. Alphamark Limited Co stated it has 27,526 shares. Alliancebernstein Limited Partnership accumulated 137,418 shares. Mason Street Lc owns 14,103 shares. John G Ullman And Associate Incorporated invested in 0.12% or 15,000 shares. Rhumbline Advisers owns 134,008 shares for 0.01% of their portfolio.

Since October 2, 2017, it had 0 insider purchases, and 1 sale for $1.05 million activity.

The stock of II-VI Incorporated (NASDAQ:IIVI) is a huge mover today! The stock increased 5.52% or $2.05 during the last trading session, reaching $39.2. About 622,962 shares traded. II-VI Incorporated (NASDAQ:IIVI) has risen 55.26% since February 14, 2017 and is uptrending. It has outperformed by 38.56% the S&P500.
The move comes after 5 months positive chart setup for the $2.45 billion company. It was reported on Feb, 14 by Barchart.com. We have $41.94 PT which if reached, will make NASDAQ:IIVI worth $171.43M more.

II-VI Incorporated (NASDAQ:IIVI) Ratings Coverage

Among 9 analysts covering II-VI (NASDAQ:IIVI), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. II-VI had 28 analyst reports since August 4, 2015 according to SRatingsIntel. Northland Capital maintained the shares of IIVI in report on Wednesday, September 13 with “Buy” rating. The rating was upgraded by B. Riley & Co to “Buy” on Wednesday, October 26. The stock of II-VI Incorporated (NASDAQ:IIVI) has “Buy” rating given on Wednesday, August 23 by Benchmark. The firm has “Buy” rating by Benchmark given on Friday, September 8. The rating was maintained by Benchmark with “Buy” on Tuesday, October 25. Northland Capital downgraded II-VI Incorporated (NASDAQ:IIVI) on Monday, January 22 to “Hold” rating. The firm earned “Buy” rating on Monday, November 13 by Needham. As per Wednesday, January 25, the company rating was maintained by Needham. Needham maintained the stock with “Buy” rating in Tuesday, October 31 report. The stock has “Neutral” rating by B. Riley & Co on Wednesday, July 26.

More notable recent II-VI Incorporated (NASDAQ:IIVI) news were published by: Post-Gazette.com which released: “Optoelectronics maker II-VI Inc. posts profit for fourth quarter” on February 01, 2018, also Globenewswire.com with their article: “II-VI Incorporated Introduces Tristimulus Colorimeter Filters to Measure …” published on January 22, 2018, Streetinsider.com published: “II-VI, Inc. (IIVI) Announces ISO 13485 Certification of Dallas Site” on January 16, 2018. More interesting news about II-VI Incorporated (NASDAQ:IIVI) were released by: Globenewswire.com and their article: “II-VI Incorporated to Showcase Innovations at SPIE Photonics West 2018 and …” published on January 26, 2018 as well as Globenewswire.com‘s news article titled: “II-VI Incorporated to Webcast FY 2018 Second Quarter Earnings Conference Call” with publication date: January 18, 2018.

II-VI Incorporated provides engineered materials and optoelectronic components worldwide. The company has market cap of $2.45 billion. The firm is a vertically integrated manufacturing firm that develops innovative products for various applications in the industrial, optical communications, military, life sciences, semiconductor equipment, and consumer markets. It has a 29.74 P/E ratio. It produces a range of application-specific photonic and electronic materials and components, and deploys them in various forms, including integrated with advanced software to enable its customers.

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