Francis J. Kramer Sells 10,050 Shares of II-VI, Inc. (IIVI) Stock

II-VI, Inc. (NASDAQ:IIVI) Director Francis J. Kramer sold 10,050 shares of the firm’s stock in a transaction dated Friday, April 12th. The shares were sold at an average price of $40.52, for a total transaction of $407,226.00. Following the sale, the director now directly owns 172,697 shares in the company, valued at approximately $6,997,682.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of NASDAQ:IIVI opened at $41.54 on Wednesday. II-VI, Inc. has a twelve month low of $29.31 and a twelve month high of $50.75. The company has a current ratio of 3.17, a quick ratio of 2.00 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $2.59 billion, a PE ratio of 24.15, a price-to-earnings-growth ratio of 1.40 and a beta of 0.83.

II-VI (NASDAQ:IIVI) last issued its quarterly earnings data on Thursday, January 31st. The scientific and technical instruments company reported $0.71 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.04. II-VI had a net margin of 8.81% and a return on equity of 10.93%. As a group, analysts expect that II-VI, Inc. will post 1.72 EPS for the current fiscal year.

Several large investors have recently modified their holdings of IIVI. Advisory Services Network LLC lifted its stake in shares of II-VI by 750.0% in the 4th quarter. Advisory Services Network LLC now owns 850 shares of the scientific and technical instruments company’s stock worth $28,000 after purchasing an additional 750 shares during the period. Winslow Evans & Crocker Inc. bought a new stake in II-VI during the 4th quarter worth approximately $34,000. Doyle Wealth Management bought a new stake in II-VI during the 4th quarter worth approximately $49,000. FNY Investment Advisers LLC bought a new stake in II-VI during the 4th quarter worth approximately $116,000. Finally, Advisors Asset Management Inc. bought a new stake in II-VI during the 4th quarter worth approximately $130,000. Hedge funds and other institutional investors own 91.85% of the company’s stock.

IIVI has been the topic of a number of recent analyst reports. BidaskClub downgraded shares of II-VI from a “hold” rating to a “sell” rating in a report on Saturday, March 9th. Zacks Investment Research raised shares of II-VI from a “sell” rating to a “hold” rating in a report on Friday, January 4th. Northland Securities raised shares of II-VI from a “market perform” rating to an “outperform” rating and set a $40.00 price target on the stock in a report on Monday, December 31st. They noted that the move was a valuation call. Piper Jaffray Companies reaffirmed an “overweight” rating and set a $50.00 price target on shares of II-VI in a report on Friday, February 1st. Finally, Morgan Stanley set a $44.00 price objective on shares of II-VI and gave the stock a “hold” rating in a research note on Saturday, February 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $49.09.

COPYRIGHT VIOLATION WARNING: This piece of content was posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this piece of content on another domain, it was copied illegally and reposted in violation of international copyright laws. The legal version of this piece of content can be accessed at

About II-VI

II-VI Incorporated develops, manufactures, and markets engineered materials, and optoelectronic components and devices worldwide. The company operates in three segments: II-VI Laser Solutions, II-VI Photonics, and II-VI Performance Products. The II-VI Laser Solutions segment offers optical and electro-optical components and materials primarily used in high-power CO2 lasers; fiber-delivered beam delivery systems, and processing tools and direct diode lasers for industrial lasers; direct diode laser modules, sub-systems, and systems; super-hard materials processing laser systems; and compound semiconductor epitaxial and gallium arsenide wafers.

See Also: What is the price-to-earnings growth (PEG) ratio?

Insider Buying and Selling by Quarter for II-VI (NASDAQ:IIVI)

Receive News & Ratings for II-VI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for II-VI and related companies with's FREE daily email newsletter.