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.
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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.
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