November 23, 2016 - By Marguerite Chambers
director, Howard Xia is the Ii-Vi Inc’s insider who made a sale of shares of Ii-Vi Inc, 4,000 to be precise. These insider shares were based on $30.7, with Howard Xia’s transaction having a market value of $122,693 U.S. Dollars. Howard Xia now indirectly has ownership of 4000 shares. He also directly has ownership of 26996 shares. In total he holds a stake of 0.05%. The trade, dated 23/11/2016, is recorded on a filing submitted with the D.C. based-SEC and is also accessible here.
Out of 4 analysts covering II-VI (NASDAQ:IIVI), 4 rate it a “Buy”, 0 “Sell”, while 0 “Hold”. This means 100% are positive. $30 is the highest target while $19 is the lowest. The $26.50 average target is -15.61% below today’s ($31.4) stock price. II-VI has been the topic of 8 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Benchmark maintained the shares of IIVI in a report on Tuesday, October 25 with “Buy” rating. The firm has “Hold” rating given on Thursday, August 6 by Zacks. The stock of II-VI, Inc. (NASDAQ:IIVI) earned “Buy” rating by B. Riley & Co on Wednesday, October 26. The firm has “Buy” rating by Sidoti given on Tuesday, August 4. The rating was maintained by Needham with “Buy” on Monday, October 24. The stock has “Buy” rating given by TheStreet on Saturday, August 15.
Insitutional Activity: The institutional sentiment decreased to 1.02 in 2016 Q2. Its down 0.01, from 1.03 in 2016Q1. The ratio fall, as 27 funds sold all II-VI, Inc. shares owned while 62 reduced positions. 24 funds bought stakes while 68 increased positions. They now own 41.67 million shares or 4.66% more from 39.81 million shares in 2016Q1.
Tudor Invest Et Al, a Connecticut-based fund reported 37,223 shares. Bahl And Gaynor Inc has 140,282 shares for 0.03% of their US portfolio. Tiaa Cref Inv Management Ltd Co holds 272,457 shares or 0% of its portfolio. Schroder Inv Mgmt Gru has invested 0% of its portfolio in II-VI, Inc. (NASDAQ:IIVI). Commercial Bank Of Montreal Can has 116,483 shares for 0% of their US portfolio. Millennium Limited reported 212,689 shares or 0.01% of all its holdings. Federated Invsts Pa has 0.03% invested in the company for 580,816 shares. Moreover, Oak Assoc Limited Oh has 0.03% invested in II-VI, Inc. (NASDAQ:IIVI) for 13,745 shares. Moreover, Commonwealth Equity Svcs Incorporated has 0.01% invested in II-VI, Inc. (NASDAQ:IIVI) for 75,527 shares. Group Inc One Trading L P last reported 500 shares in the company. Ameriprise Fincl accumulated 0.02% or 1.54M shares. Legal And General Gp Public Lc, a United Kingdom-based fund reported 14,831 shares. Wells Fargo & Mn reported 306,763 shares or 0% of all its holdings. Airain Ltd owns 24,448 shares or 0.03% of their US portfolio. D E Shaw & Incorporated last reported 736,933 shares in the company.
Insider Transactions: Since May 27, 2016, the stock had 1 insider buy, and 4 insider sales for $1.01 million net activity. MATTERA VINCENT D JR sold $220,125 worth of II-VI, Inc. (NASDAQ:IIVI) on Tuesday, June 14. MISTLER THOMAS E also sold $92,881 worth of II-VI, Inc. (NASDAQ:IIVI) shares. DICICCO WENDY F sold $89,200 worth of II-VI, Inc. (NASDAQ:IIVI) on Thursday, September 8. 33,400 shares with value of $689,353 were sold by CORASANTI JOSEPH J on Tuesday, June 7. Xia Howard H. had bought 3,696 shares worth $80,092.
About 106,765 shares traded hands. II-VI, Inc. (NASDAQ:IIVI) has risen 41.04% since April 21, 2016 and is uptrending. It has outperformed by 35.71% the S&P500.
II-VI Incorporated develops and manufactures engineered materials, optoelectronic components and products. The company has a market cap of $1.99 billion. The Firm has three divisions: II-VI Laser Solutions, II-VI Photonics and II-VI Performance Products. It has a 30.69 P/E ratio. The II-VI Laser Solutions segment designs, makes and markets optical and electro-optical components and materials sold under the II-VI Infrared brand name and used in carbon dioxide 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.
According to Zacks Investment Research, “II-VI Incorporated designs, manufactures and markets optical and opto-electronic components, devices and materials for infrared, near-infrared, visible light, x-ray and gamma ray instrumentation. The Company’s infrared optics business manufactures optical and opto-electronic components sold under the II-VI brand name and used primarily in CO2 lasers. The Company’s near-infrared optics business manufactures near-infrared & visible light products for industrial, scientific, military & medical instruments and laser gain materials and products for solid-state YAG and YLF lasers at the Company’s VLOC subsidiary. The Company’s military infrared optics business manufactures infrared products for military applications under the Exotic Electro-Optics brand name.”
Analysts await II-VI, Inc. (NASDAQ:IIVI) to report earnings on January, 24. They expect $0.26 EPS, down 16.13% or $0.05 from last year’s $0.31 per share. IIVI’s profit will be $16.48M for 30.19 P/E if the $0.26 EPS becomes a reality. After $0.35 actual EPS reported by II-VI, Inc. for the previous quarter, Wall Street now forecasts -25.71% negative EPS growth.
More notable recent II-VI, Inc. (NASDAQ:IIVI) news were published by: Fool.com which released: “Why II-VI, Inc. Gained 14.3% in October” on November 10, 2016, also Fool.com with their article: “Why II-VI, Inc. Gained 15% in September” published on October 12, 2016, Fool.com published: “Why Shares of II-VI Inc. Slumped Today” on April 27, 2016. More interesting news about II-VI, Inc. (NASDAQ:IIVI) were released by: Post-Gazette.com and their article: “II-VI Inc. ends 2nd quarter with revenue gains” published on August 02, 2016 as well as Seekingalpha.com‘s news article titled: “II-VI Inc.: The High Quality Play In Optics” with publication date: September 22, 2016.
II-VI Incorporated, incorporated on June 22, 1971, develops and makes engineered materials, optoelectronic components and products for precision use in industrial, optical communications, military, semiconductor, consumer and life science applications. The Firm has three operating divisions: II-VI Laser Solutions, II-VI Photonics and II-VI Performance Products. The Company’s II-VI Laser Solutions segment designs, makes and markets optical and electro-optical components and materials sold under the II-VI Infrared brand name and used primarily in high-power 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. The II-VI Laser Solutions segment also makes compound semiconductor epitaxial wafers for applications in optical components, wireless devices, and communication systems and makes approximately six-inch gallium arsenide wafers allowing for the production of lasers and integrated circuits sold under the II-VI EpiWorks and II-VI OptoElectronic Devices Division brand names. The II-VI Photonics segment makes crystal materials, optics, microchip lasers and opto-electronic modules for use in optical communication networks and other consumer and commercial applications. In addition, the II-VI Photonics segment also makes pump lasers, and optical amplifiers and micro-optics for optical amplifiers for both terrestrial and submarine applications within the optical communications market. The Company’s II-VI Performance Products segment designs, makes and markets infrared optical components and high-precision optical assemblies for military, medical and commercial laser imaging applications. In addition, the II-VI Performance Products segment designs, makes and markets engineered materials for thermo-electric and silicon carbide applications servicing the semiconductor, military and medical markets.
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