II-VI (NASDAQ:IIVI) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.

A number of other equities research analysts have also recently issued reports on IIVI. Zacks Investment Research raised II-VI from a “hold” rating to a “strong-buy” rating and set a $46.00 target price for the company in a research report on Wednesday, September 27th. ValuEngine cut II-VI from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Benchmark reaffirmed a “buy” rating and set a $52.00 target price (up previously from $44.00) on shares of II-VI in a research report on Wednesday, November 1st. B. Riley upped their target price on II-VI from $39.50 to $40.50 and gave the stock a “neutral” rating in a research report on Wednesday, November 1st. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $50.00 target price (up previously from $45.00) on shares of II-VI in a research report on Wednesday, November 1st. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $50.64.

II-VI (NASDAQ:IIVI) remained flat at $$46.25 during trading hours on Tuesday. The company had a trading volume of 789,073 shares, compared to its average volume of 690,957. II-VI has a 12-month low of $27.25 and a 12-month high of $52.55. The stock has a market cap of $2,880.00, a price-to-earnings ratio of 26.63 and a beta of 0.03. 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 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.04). II-VI had a return on equity of 12.25% and a net margin of 9.89%. The firm had revenue of $261.50 million during the quarter, compared to analyst estimates of $255.20 million. During the same quarter in the prior year, the company posted $0.35 EPS. The company’s quarterly revenue was up 18.1% on a year-over-year basis. analysts expect that II-VI will post 1.55 EPS for the current year.

In other II-VI news, Director Francis J. Kramer sold 25,000 shares of the company’s stock in a transaction that occurred on Monday, October 2nd. The stock was sold at an average price of $42.00, for a total transaction of $1,050,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP David G. Wagner sold 6,577 shares of the stock in a transaction that occurred on Thursday, November 30th. The shares were sold at an average price of $47.63, for a total value of $313,262.51. The disclosure for this sale can be found here. Insiders have sold 61,712 shares of company stock valued at $2,749,046 in the last ninety days. Company insiders own 3.80% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of IIVI. Pinebridge Investments L.P. boosted its position in shares of II-VI by 1.9% in the second quarter. Pinebridge Investments L.P. now owns 7,237 shares of the scientific and technical instruments company’s stock valued at $249,000 after acquiring an additional 137 shares during the period. Piedmont Investment Advisors LLC bought a new stake in shares of II-VI in the second quarter valued at approximately $407,000. SG Americas Securities LLC boosted its position in shares of II-VI by 329.0% in the second quarter. SG Americas Securities LLC now owns 15,112 shares of the scientific and technical instruments company’s stock valued at $518,000 after acquiring an additional 11,589 shares during the period. Aperio Group LLC boosted its position in shares of II-VI by 3.6% in the second quarter. Aperio Group LLC now owns 22,586 shares of the scientific and technical instruments company’s stock valued at $775,000 after acquiring an additional 784 shares during the period. Finally, Bridge City Capital LLC bought a new stake in shares of II-VI in the second quarter valued at approximately $1,295,000. 80.54% of the stock is owned by institutional investors.

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About II-VI

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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