BidaskClub cut shares of II-VI (NASDAQ:IIVI) from a hold rating to a sell rating in a report released on Saturday morning.

Several other analysts have also recently commented on the stock. Northland Securities cut shares of II-VI from an outperform rating to a market perform rating in a research note on Monday, January 22nd. Needham & Company LLC lifted their price objective on shares of II-VI from $50.00 to $56.00 and gave the company a buy rating in a research note on Monday, November 13th. lifted their price objective on shares of II-VI from $50.00 to $56.00 and gave the company a buy rating in a research note on Wednesday, November 15th. Zacks Investment Research cut shares of II-VI from a buy rating to a hold rating in a research note on Tuesday, November 7th. Finally, Craig Hallum restated a buy rating and set a $58.00 price objective (up 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, four have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $52.44.

Shares of II-VI (NASDAQ:IIVI) opened at $37.15 on Friday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.71 and a current ratio of 4.01. II-VI has a 12 month low of $27.25 and a 12 month high of $53.08. The company has a market cap of $2,340.00 and a P/E ratio of 28.14.

II-VI (NASDAQ:IIVI) last announced its quarterly earnings data on Thursday, February 1st. The scientific and technical instruments company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. II-VI had a net margin of 8.08% and a return on equity of 11.10%. The business had revenue of $281.50 million during the quarter, compared to analysts’ expectations of $277.16 million. During the same period in the previous year, the business posted $0.49 EPS. The business’s quarterly revenue was up 21.4% compared to the same quarter last year. equities research analysts predict that II-VI will post 1.55 earnings per share for the current year.

In related news, VP David G. Wagner sold 6,577 shares of the business’s stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $47.63, for a total value of $313,262.51. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Howard H. Xia sold 4,135 shares of the business’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $51.58, for a total transaction of $213,283.30. The disclosure for this sale can be found here. Insiders own 3.80% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Suntrust Banks Inc. acquired a new position in shares of II-VI in the 4th quarter valued at $212,000. US Bancorp DE lifted its stake in shares of II-VI by 43.3% in the 4th quarter. US Bancorp DE now owns 4,891 shares of the scientific and technical instruments company’s stock valued at $229,000 after purchasing an additional 1,477 shares during the period. Granite Point Capital Management L.P. acquired a new position in shares of II-VI in the 4th quarter valued at $282,000. Affinity Investment Advisors LLC acquired a new position in shares of II-VI in the 4th quarter valued at $302,000. Finally, Piedmont Investment Advisors LLC acquired a new position in shares of II-VI in the 2nd quarter valued at $407,000. Hedge funds and other institutional investors own 81.26% of the company’s stock.

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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.

Analyst Recommendations for II-VI (NASDAQ:IIVI)

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