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II-VI (NASDAQ:IIVI) CEO Francis J. Kramer sold 10,500 shares of the stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $14.29, for a total value of $150,045.00. Following the completion of the transaction, the chief executive officer now directly owns 386,362 shares of the company’s stock, valued at approximately $5,521,113. The transaction was disclosed in a document filed with the SEC, which is available at this link.

Separately, analysts at Zacks upgraded shares of II-VI from an “underperform” rating to a “neutral” rating in a research note on Monday, May 19th. They now have a $13.80 price target on the stock. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. II-VI currently has an average rating of “Hold” and a consensus target price of $16.14.

Shares of II-VI (NASDAQ:IIVI) traded down 0.21% on Wednesday, hitting $14.23. 210,592 shares of the company’s stock traded hands. II-VI has a 1-year low of $12.63 and a 1-year high of $20.80. The stock has a 50-day moving average of $13.87 and a 200-day moving average of $15.41. The company has a market cap of $881.4 million and a P/E ratio of 25.37.

II-VI (NASDAQ:IIVI) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.20 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.05. The company had revenue of $173.56 million for the quarter, compared to the consensus estimate of $167.10 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. The company’s quarterly revenue was up 20.6% on a year-over-year basis. Analysts expect that II-VI will post $0.72 EPS for the current fiscal year.

II-VI Incorporated (NASDAQ:IIVI) develops, refines, manufactures and markets high-technology materials and derivative precision components and products for precision use in industrial, military, telecommunications, photovoltaic, medical and aerospace applications.

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