II-VI Incorporated (NASDAQ:IIVI) Director Francis J. Kramer sold 25,000 shares of the stock in a transaction on Tuesday, October 31st. The shares were sold at an average price of $45.10, for a total transaction of $1,127,500.00. Following the transaction, the director now directly owns 286,259 shares in the company, valued at approximately $12,910,280.90. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.
Francis J. Kramer also recently made the following trade(s):
- On Monday, October 2nd, Francis J. Kramer sold 25,000 shares of II-VI stock. The stock was sold at an average price of $42.00, for a total transaction of $1,050,000.00.
II-VI Incorporated (NASDAQ:IIVI) opened at $47.15 on Monday. The company has a current ratio of 3.89, a quick ratio of 2.63 and a debt-to-equity ratio of 0.43. II-VI Incorporated has a 1-year low of $27.25 and a 1-year high of $47.20. The stock has a market cap of $2,940.77, a PE ratio of 28.40 and a beta of 0.02.
II-VI (NASDAQ:IIVI) last released its quarterly earnings results on Tuesday, October 31st. The scientific and technical instruments company reported $0.32 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.04). The firm had revenue of $261.50 million for the quarter, compared to analysts’ expectations of $255.20 million. II-VI had a net margin of 9.89% and a return on equity of 12.25%. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.35 earnings per share. equities analysts anticipate that II-VI Incorporated will post 1.55 earnings per share for the current year.
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Institutional investors have recently made changes to their positions in the stock. Pinebridge Investments L.P. increased its holdings in II-VI by 1.9% in the 2nd quarter. Pinebridge Investments L.P. now owns 7,237 shares of the scientific and technical instruments company’s stock worth $249,000 after buying an additional 137 shares during the period. Piedmont Investment Advisors LLC acquired a new position in II-VI in the 2nd quarter worth approximately $407,000. Paloma Partners Management Co acquired a new position in II-VI in the 1st quarter worth approximately $417,000. SG Americas Securities LLC increased its holdings in II-VI by 329.0% in the 2nd quarter. SG Americas Securities LLC now owns 15,112 shares of the scientific and technical instruments company’s stock worth $518,000 after buying an additional 11,589 shares during the period. Finally, OppenheimerFunds Inc. increased its holdings in II-VI by 22.6% in the 1st quarter. OppenheimerFunds Inc. now owns 21,405 shares of the scientific and technical instruments company’s stock worth $771,000 after buying an additional 3,948 shares during the period. 78.35% of the stock is owned by hedge funds and other institutional investors.
A number of analysts have recently commented on the stock. BidaskClub lowered shares of II-VI from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. B. Riley lifted their price target on shares of II-VI from $39.50 to $40.50 and gave the company a “neutral” rating in a report on Wednesday, November 1st. Zacks Investment Research raised shares of II-VI from a “sell” rating to a “buy” rating and set a $47.00 price target on the stock in a report on Friday, November 3rd. Needham & Company LLC boosted their target price on shares of II-VI from $50.00 to $56.00 and gave the stock a “buy” rating in a report on Monday. Finally, Craig Hallum reaffirmed a “buy” rating and set a $58.00 price target (up previously from $50.00) on shares of II-VI in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $49.75.
II-VI Company Profile
II-VI Incorporated develops and manufactures engineered materials, optoelectronic components and products. The Company has three segments: II-VI Laser Solutions, II-VI Photonics and II-VI Performance Products. The II-VI Laser Solutions segment designs, manufactures and markets optical and electro-optical components and materials sold under the II-VI Infrared brand name and used in 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.
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