II-VI Incorporated (NASDAQ:IIVI) CTO Sells $30,855.00 in Stock

II-VI Incorporated (NASDAQ:IIVI – Get Rating) CTO Christopher Koeppen sold 500 shares of the company’s stock in a transaction dated Monday, April 18th. The stock was sold at an average price of $61.71, for a total transaction of $30,855.00. Following the sale, the chief technology officer now directly owns 29,329 shares in the company, valued at $1,809,892.59. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

II-VI stock traded up $0.19 during mid-day trading on Wednesday, reaching $64.10. The company’s stock had a trading volume of 2,144 shares, compared to its average volume of 1,302,553. The company has a market capitalization of $6.82 billion, a price-to-earnings ratio of 29.18, a price-to-earnings-growth ratio of 1.39 and a beta of 1.45. II-VI Incorporated has a 12 month low of $54.35 and a 12 month high of $79.12. The business’s 50 day simple moving average is $68.34 and its 200 day simple moving average is $65.61. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.61 and a current ratio of 2.00.

II-VI (NASDAQ:IIVI – Get Rating) last released its earnings results on Wednesday, February 9th. The scientific and technical instruments company reported $0.79 earnings per share for the quarter, beating analysts’ consensus estimates of $0.74 by $0.05. The business had revenue of $806.82 million during the quarter, compared to the consensus estimate of $816.20 million. II-VI had a net margin of 9.57% and a return on equity of 13.66%. During the same quarter last year, the firm earned $0.89 earnings per share. As a group, sell-side analysts expect that II-VI Incorporated will post 3.07 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the company. First Horizon Advisors Inc. grew its stake in II-VI by 276.0% in the 4th quarter. First Horizon Advisors Inc. now owns 485 shares of the scientific and technical instruments company’s stock valued at $33,000 after buying an additional 356 shares during the last quarter. Lindbrook Capital LLC acquired a new position in II-VI in the 4th quarter valued at about $140,000. IFP Advisors Inc grew its stake in II-VI by 17.4% in the 4th quarter. IFP Advisors Inc now owns 2,934 shares of the scientific and technical instruments company’s stock valued at $201,000 after buying an additional 434 shares during the last quarter. Crestwood Advisors Group LLC acquired a new position in II-VI in the 4th quarter valued at about $284,000. Finally, Herold Advisors Inc. acquired a new position in II-VI in the 3rd quarter valued at about $415,000. Institutional investors own 99.48% of the company’s stock.

A number of equities analysts have recently issued reports on the stock. KeyCorp lowered shares of II-VI to a “hold” rating in a research report on Friday, January 14th. Needham & Company LLC reduced their target price on shares of II-VI from $85.00 to $84.00 and set a “buy” rating on the stock in a research report on Tuesday, February 8th. Canaccord Genuity Group reduced their target price on shares of II-VI from $104.00 to $88.00 and set a “buy” rating on the stock in a research report on Friday, February 11th. Bank of America increased their price objective on shares of II-VI from $71.00 to $80.00 and gave the company a “neutral” rating in a report on Monday, January 10th. Finally, Zacks Investment Research lowered shares of II-VI from a “hold” rating to a “sell” rating in a report on Tuesday, April 12th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and ten have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $81.57.

About II-VI (Get Rating)

II-VI Incorporated develops, manufactures, and markets engineered materials, optoelectronic components, and devices worldwide. It operates through two segments, Compound Semiconductors and Photonic Solutions. The Compound Semiconductors segment provides optical and electro-optical components and materials used in high-power CO2 lasers, fiber-lasers, and direct diode lasers for materials processing applications; infrared optical components and high-precision optical assemblies for aerospace and defense, medical, and commercial laser imaging applications; semiconductor lasers and detectors for optical interconnects and sensing applications; engineered materials for thermoelectric, ceramics, and silicon carbide various applications; and compound semiconductor epitaxial wafers for applications in optical and wireless communication.

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