II-VI Incorporated (NASDAQ:IIVI – Get Rating) has earned an average rating of “Moderate Buy” from the sixteen research firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, five have given a hold recommendation and eight have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $77.62.
A number of equities research analysts recently commented on IIVI shares. TheStreet downgraded shares of II-VI from a “b-” rating to a “c” rating in a research report on Friday, July 1st. Barclays reduced their price objective on shares of II-VI from $65.00 to $47.00 and set an “underweight” rating for the company in a research report on Monday, July 25th. Susquehanna Bancshares reduced their price objective on shares of II-VI to $58.00 in a research report on Monday, July 25th. Craig Hallum reduced their price objective on shares of II-VI from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Friday, July 1st. Finally, Morgan Stanley dropped their target price on shares of II-VI from $82.00 to $75.00 and set an “overweight” rating for the company in a report on Tuesday, June 14th.
II-VI Price Performance
Shares of IIVI opened at $53.23 on Thursday. II-VI has a fifty-two week low of $45.78 and a fifty-two week high of $75.05. The company has a market capitalization of $5.67 billion, a price-to-earnings ratio of 29.41, a price-to-earnings-growth ratio of 1.38 and a beta of 1.45. The firm has a 50-day simple moving average of $53.94 and a 200-day simple moving average of $61.61. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.58 and a current ratio of 1.99.
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the business. Lord Abbett & CO. LLC purchased a new position in shares of II-VI during the 1st quarter worth approximately $46,448,000. Snyder Capital Management L P grew its stake in II-VI by 25.9% in the 1st quarter. Snyder Capital Management L P now owns 628,164 shares of the scientific and technical instruments company’s stock worth $45,536,000 after acquiring an additional 129,285 shares during the period. Waters Parkerson & CO. LLC grew its stake in II-VI by 13.4% in the 2nd quarter. Waters Parkerson & CO. LLC now owns 394,208 shares of the scientific and technical instruments company’s stock worth $20,085,000 after acquiring an additional 46,625 shares during the period. Rhumbline Advisers grew its stake in II-VI by 2.5% in the 1st quarter. Rhumbline Advisers now owns 314,164 shares of the scientific and technical instruments company’s stock worth $22,774,000 after acquiring an additional 7,639 shares during the period. Finally, Braun Stacey Associates Inc. grew its stake in II-VI by 26.7% in the 2nd quarter. Braun Stacey Associates Inc. now owns 289,315 shares of the scientific and technical instruments company’s stock worth $14,741,000 after acquiring an additional 61,003 shares during the period. 97.88% of the stock is owned by hedge funds and other institutional investors.
II-VI Company Profile
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.
- Get a free copy of the StockNews.com research report on II-VI (IIVI)
- PayPal Continues To Struggle As Competition Increases
- Two High-Yield Deep-Values You Shouldn’t Ignore
- Is Starbucks Shooting For The Moon?
- Proposed Tesla Stock Split Drives EV Market Higher
- AutoNation Stock is Firing on All Pistons
Receive News & Ratings for II-VI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for II-VI and related companies with MarketBeat.com's FREE daily email newsletter.