What’s in II-VI Incorporated (IIVI) After Today’s Significant Increase?

March 14, 2018 - By Louis Casey

Investors sentiment increased to 1.08 in 2017 Q3. Its up 0.13, from 0.95 in 2017Q2. It is positive, as 20 investors sold II-VI Incorporated shares while 67 reduced holdings. 35 funds opened positions while 59 raised stakes. 48.90 million shares or 1.21% more from 48.32 million shares in 2017Q2 were reported.
Lazard Asset Mngmt Limited Liability Company, a New York-based fund reported 112 shares. Laurion Capital Mgmt Lp stated it has 9,144 shares. Envestnet Asset Mngmt Inc owns 1,077 shares. Carroll Assocs owns 1,000 shares for 0% of their portfolio. Proshare Advisors Ltd Company owns 5,256 shares. Robecosam Ag reported 0.16% in II-VI Incorporated (NASDAQ:IIVI). Navellier & Associates reported 26,841 shares. State Common Retirement Fund reported 75,634 shares. Parkside Savings Bank And holds 0% or 27 shares in its portfolio. Eulav Asset Mngmt holds 10,500 shares or 0.02% of its portfolio. Bessemer holds 0% of its portfolio in II-VI Incorporated (NASDAQ:IIVI) for 200 shares. Amalgamated Retail Bank holds 8,177 shares or 0.01% of its portfolio. 5.20M are held by Vanguard Gp. Dimensional Fund L P owns 3.45 million shares for 0.06% of their portfolio. Mason Street Advisors Ltd Company holds 14,103 shares.

Since October 2, 2017, it had 0 insider buys, and 1 insider sale for $1.05 million activity.

The stock of II-VI Incorporated (NASDAQ:IIVI) is a huge mover today! The stock increased 7.31% or $3.05 during the last trading session, reaching $44.8. About 2.00 million shares traded or 139.72% up from the average. II-VI Incorporated (NASDAQ:IIVI) has risen 55.26% since March 14, 2017 and is uptrending. It has outperformed by 38.56% the S&P500.
The move comes after 6 months positive chart setup for the $2.80 billion company. It was reported on Mar, 14 by Barchart.com. We have $47.94 PT which if reached, will make NASDAQ:IIVI worth $195.93M more.

Analysts await II-VI Incorporated (NASDAQ:IIVI) to report earnings on May, 1. They expect $0.36 earnings per share, up 2.86 % or $0.01 from last year’s $0.35 per share. IIVI’s profit will be $22.49 million for 31.11 P/E if the $0.36 EPS becomes a reality. After $0.39 actual earnings per share reported by II-VI Incorporated for the previous quarter, Wall Street now forecasts -7.69 % negative EPS growth.

II-VI Incorporated (NASDAQ:IIVI) Ratings Coverage

Among 11 analysts covering II-VI (NASDAQ:IIVI), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. II-VI had 30 analyst reports since August 4, 2015 according to SRatingsIntel. The firm has “Buy” rating by B. Riley & Co given on Wednesday, October 26. The company was maintained on Friday, September 8 by Benchmark. The firm has “Buy” rating by Benchmark given on Tuesday, January 24. The company was maintained on Wednesday, June 21 by Benchmark. As per Monday, November 13, the company rating was maintained by Needham. On Wednesday, July 26 the stock rating was downgraded by B. Riley & Co to “Neutral”. The company was downgraded on Saturday, August 15 by TheStreet. The rating was initiated by Piper Jaffray on Tuesday, February 13 with “Buy”. The stock has “Hold” rating by Northland Capital on Friday, February 2. The firm has “Hold” rating by Zacks given on Thursday, August 6.

More news for II-VI Incorporated (NASDAQ:IIVI) were recently published by: Globenewswire.com, which released: “II-VI Incorporated Unveils DFB Laser Diode for 3D Sensing” on March 12, 2018. Fool.com‘s article titled: “Why II-VI Inc. Stock Popped 8%” and published on March 10, 2018 is yet another important article.

II-VI Incorporated provides engineered materials and optoelectronic components worldwide. The company has market cap of $2.80 billion. The firm is a vertically integrated manufacturing firm that develops innovative products for various applications in the industrial, optical communications, military, life sciences, semiconductor equipment, and consumer markets. It has a 33.99 P/E ratio. It produces a range of application-specific photonic and electronic materials and components, and deploys them in various forms, including integrated with advanced software to enable its customers.

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