Jefferies Group LLC grew its stake in shares of II-VI, Inc. (NASDAQ:IIVI) by 358.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 37,176 shares of the scientific and technical instruments company’s stock after buying an additional 29,064 shares during the quarter. Jefferies Group LLC owned 0.06% of II-VI worth $1,745,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Argent Capital Management LLC raised its position in shares of II-VI by 23.0% during the 3rd quarter. Argent Capital Management LLC now owns 57,710 shares of the scientific and technical instruments company’s stock valued at $2,375,000 after buying an additional 10,785 shares in the last quarter. Arizona State Retirement System raised its position in shares of II-VI by 219.8% during the 4th quarter. Arizona State Retirement System now owns 92,246 shares of the scientific and technical instruments company’s stock valued at $4,331,000 after buying an additional 63,398 shares in the last quarter. Rhumbline Advisers grew its holdings in shares of II-VI by 12.3% during the 4th quarter. Rhumbline Advisers now owns 150,550 shares of the scientific and technical instruments company’s stock valued at $7,068,000 after purchasing an additional 16,542 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of II-VI by 73.0% during the 4th quarter. SG Americas Securities LLC now owns 12,642 shares of the scientific and technical instruments company’s stock valued at $594,000 after purchasing an additional 5,333 shares during the last quarter. Finally, Emerald Advisers Inc. PA bought a new position in shares of II-VI during the 4th quarter valued at $12,541,000. Hedge funds and other institutional investors own 89.26% of the company’s stock.
Several equities analysts recently commented on the stock. BidaskClub raised shares of II-VI from a “hold” rating to a “buy” rating in a report on Wednesday, January 10th. Piper Jaffray Companies assumed coverage on shares of II-VI in a report on Tuesday, February 13th. They set an “overweight” rating and a $50.00 target price on the stock. Craig Hallum reduced their target price on shares of II-VI to $53.00 and set a “buy” rating on the stock in a report on Friday, February 2nd. Northland Securities lowered shares of II-VI from an “outperform” rating to a “market perform” rating in a report on Monday, January 22nd. Finally, ValuEngine lowered shares of II-VI from a “buy” rating to a “hold” rating in a report on Friday, December 1st. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. II-VI presently has a consensus rating of “Buy” and a consensus price target of $51.55.
II-VI (NASDAQ:IIVI) last announced its quarterly earnings results on Thursday, February 1st. The scientific and technical instruments company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.02. The business had revenue of $281.50 million for the quarter, compared to analyst estimates of $277.16 million. II-VI had a net margin of 8.08% and a return on equity of 11.10%. The company’s revenue was up 21.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.49 EPS. equities analysts expect that II-VI, Inc. will post 1.55 earnings per share for the current year.
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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.
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