Brokers Issue New Targets On II-VI Incorporated (NASDAQ:IIVI)

Author

18 July, 2017

Next quarter's EPS is estimated at $0.33 with next year's EPS anticipated to be $1.59.

II-VI Incorporated (IIVI) opened at 36.875 on Thursday. It has outperformed by 38.56% the S&P500. The company has market cap of $61.36 million.

Here are a few other firms who have also updated their positions. It now has negative earnings.

Investors sentiment decreased to 1.25 in Q4 2016. With short interest at 1,830,795 and short average daily volume at 591,527, days to cover is 3.1 and the percentage of shorted shares is 0.03% as of May 31. II-VI Incorporated has a 52 week low of $18.53 and a 52 week high of $41.10. Cornerstone Incorporated holds 0.02% or 660 shares. The legal version of this piece can be read at https://www.chaffeybreeze.com/2017/07/17/ameritas-investment-partners-inc-acquires-new-position-in-ii-vi-incorporated-iivi-updated-updated-updated-updated.html. (NASDAQ:IIVI) for 99,848 shares. Jag Cap Mngmt Lc has 76,467 shares for 1.96% of their portfolio. Vanguard Group holds 0.01% of its portfolio in II-VI, Inc. Its down 17.98% from 2.23 million shares previously. Alliancebernstein Limited Partnership invested in 0% or 81,038 shares. Moreover, Macquarie Gru Limited has 0.02% invested in II-VI, Inc. (NASDAQ:IIVI). Strs Ohio owns 37,100 shares.

Miles reported 9,179 shares or 0.17% of all its holdings. Blackrock Institutional Na accumulated 1.11 million shares or 0% of the stock. The Ontario - Canada-based Bancorporation Of Montreal Can has invested 0% in II-VI, Inc. (NASDAQ:IIVI). Goldman Sachs Gru Inc stated it has 246,660 shares or 0% of all its holdings.

Investors are feeling more bullish on shares of the company lately considering the change in short interest.

II-VI Incorporated (NASDAQ:IIVI) VP David G. Wagner sold 4,444 shares of the stock in a transaction on Monday, July 10th. Therefore 100% are positive. "Takes Position in II-VI Incorporated (IIVI)" was published by Chaffey Breeze and is the property of of Chaffey Breeze. Benchmark maintained II-VI, Inc. (NASDAQ:IIVI) rating on Wednesday, June 21. On Thursday, April 28 the stock rating was maintained by Barclays Capital with "Overweight". The stock of Facebook Inc (NASDAQ:FB) earned "Outperform" rating by Credit Suisse on Monday, October 17. (NASDAQ:IIVI) earned "Buy" rating by TheStreet on Saturday, August 15. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. (NASDAQ:IIVI) rating on Tuesday, January 24. The firm has "Overweight" rating by Pacific Crest given on Friday, January 20. Rhumbline Advisers holds 0.01% in II-VI, Inc. The firm has "Buy" rating given on Thursday, November 5 by Deutsche Bank.

Since January 31, 2017, it had 1 buying transaction, and 10 insider sales for $10.14 million activity. 37,922 shares were sold by Schroepfer Michael Todd, worth $5.71M on Tuesday, June 13. The shares were sold at an average price of $36.00, for a total value of $159,984.00. Glen Harbor Capital Management LLC now owns 3,638 shares of the scientific and technical instruments company's stock worth $131,000 after buying an additional 68 shares during the last quarter. 10,000 shares were bought by CORASANTI JOSEPH J, worth $334,947 on Wednesday, March 15. Another trade for 7,000 shares valued at $273,355 was sold by MATTERA VINCENT D JR. The II-VI Laser Solutions segment also manufactures compound semiconductor epitaxial wafers for applications in optical components, wireless devices, and communication systems and manufactures approximately six-inch gallium arsenide wafers allowing for the production of lasers and integrated circuits sold under the II-VI EpiWorks and II-VI OptoElectronic Devices Division brand names. The most current P/E ratio is 30.35 and market capitalization is 2.30B. 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.

About 115,027 shares traded. Facebook Inc (NASDAQ:FB) has risen 26.75% since July 12, 2016 and is uptrending. It has underperformed by 32.04% the S&P500. The Susquehanna International Group Llp holds 132,268 shares with $2.07 million value, up from 76,034 last quarter. Profund Ltd Llc owns 10,598 shares. Following the completion of the sale, the director now directly owns 33,046 shares of the company's stock, valued at $1,096,796.74. Bank Of New York Mellon Corp, a New York-based fund reported 49,084 shares.

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