II-VI Incorporated (NASDAQ:IIVI) VP David G. Wagner sold 6,577 shares of II-VI stock in a transaction on Thursday, November 30th. The shares were sold at an average price of $47.63, for a total transaction of $313,262.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of II-VI Incorporated (NASDAQ IIVI) traded down $1.56 during trading hours on Friday, reaching $45.84. 531,849 shares of the company traded hands, compared to its average volume of 682,245. The company has a market cap of $3,180.90, a P/E ratio of 30.72 and a beta of 0.02. II-VI Incorporated has a one year low of $27.25 and a one year high of $52.55. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.89 and a quick ratio of 2.63.

II-VI (NASDAQ:IIVI) last released its quarterly earnings data on Tuesday, October 31st. The scientific and technical instruments company reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.36 by ($0.04). The company had revenue of $261.50 million during 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%. II-VI’s quarterly revenue was up 18.1% on a year-over-year basis. During the same period last year, the firm earned $0.35 earnings per share. analysts predict that II-VI Incorporated will post 1.55 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in IIVI. Assetmark Inc. lifted its position in shares of II-VI by 157.5% in the 3rd quarter. Assetmark Inc. now owns 137,616 shares of the scientific and technical instruments company’s stock worth $5,663,000 after purchasing an additional 84,176 shares during the period. Kornitzer Capital Management Inc. KS lifted its position in shares of II-VI by 83.0% in the 3rd quarter. Kornitzer Capital Management Inc. KS now owns 137,480 shares of the scientific and technical instruments company’s stock worth $5,657,000 after purchasing an additional 62,335 shares during the period. Rhumbline Advisers lifted its position in shares of II-VI by 2.2% in the 3rd quarter. Rhumbline Advisers now owns 134,008 shares of the scientific and technical instruments company’s stock worth $5,514,000 after purchasing an additional 2,855 shares during the period. Argent Capital Management LLC lifted its position in shares of II-VI by 23.0% in the 3rd quarter. Argent Capital Management LLC now owns 57,710 shares of the scientific and technical instruments company’s stock worth $2,375,000 after purchasing an additional 10,785 shares during the period. Finally, EAM Investors LLC purchased a new stake in shares of II-VI in the 3rd quarter worth approximately $2,252,000. 80.56% of the stock is owned by institutional investors.

A number of analysts have issued reports on the stock. B. Riley reiterated a “neutral” rating and issued a $39.50 price target on shares of II-VI in a report on Saturday, August 5th. 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, November 13th. Zacks Investment Research downgraded shares of II-VI from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Benchmark boosted their target price on shares of II-VI from $40.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, August 8th. Finally, Northland Securities set a $45.00 price target on shares of II-VI and gave the company a “buy” rating in a report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus price target of $50.64.

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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.

Insider Buying and Selling by Quarter for II-VI (NASDAQ:IIVI)

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