In today’s session II-VI, Inc. (IIVI) registered an unusually high (260) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the April, 2017 call, expecting serious IIVI increase. With 260 contracts traded and 3094 open interest for the Apr, 17 contract, it seems this is a quite bullish bet. The option with symbol: IIVI170421C00030000 closed last at: $1.05 or 8.7% down. About 24,821 shares traded hands. II-VI, Inc. (NASDAQ:IIVI) has risen 22.55% since March 10, 2016 and is uptrending. It has outperformed by 15.03% the S&P500.
Analysts await II-VI, Inc. (NASDAQ:IIVI) to report earnings on October, 25. They expect $0.23 earnings per share, down 14.81% or $0.04 from last year’s $0.27 per share. IIVI’s profit will be $14.45M for 27.50 P/E if the $0.23 EPS becomes a reality. After $0.40 actual earnings per share reported by II-VI, Inc. for the previous quarter, Wall Street now forecasts -42.50% negative EPS growth.
II-VI, Inc. (NASDAQ:IIVI) Ratings Coverage
Out of 2 analysts covering II-VI (NASDAQ:IIVI), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. II-VI has been the topic of 5 analyst reports since August 4, 2015 according to StockzIntelligence Inc. The rating was downgraded by TheStreet to “Buy” on Saturday, August 15. The stock of II-VI, Inc. (NASDAQ:IIVI) earned “Buy” rating by Sidoti on Tuesday, August 4. The firm earned “Hold” rating on Thursday, August 6 by Zacks.
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.”
Insitutional Activity: The institutional sentiment decreased to 1.03 in 2016 Q2. Its down 0.62, from 1.65 in 2016Q1. The ratio turned negative, 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.
Martingale Asset Mgmt Lp accumulated 0.01% or 44,926 shares. Rodgers Brothers last reported 6.13% of its portfolio in the stock. Great West Life Assurance Com Can holds 5,295 shares or 0% of its portfolio. Art Advisors Ltd Liability Co last reported 0.1% of its portfolio in the stock. Voya Management Limited Com has 0% invested in the company for 41,420 shares. Bard Associates holds 2.32% or 233,544 shares in its portfolio. First Citizens Bank And has 0.04% invested in the company for 23,694 shares. Texas Permanent School Fund last reported 40,565 shares in the company. Blackrock Grp Ltd last reported 0% of its portfolio in the stock. Comml Bank Of New York Mellon Corporation accumulated 0.01% or 1.41M shares. Janney Capital Mgmt Llc holds 17,046 shares or 0.02% of its portfolio. The Illinois-based First Trust Advsr Ltd Partnership has invested 0.01% in II-VI, Inc. (NASDAQ:IIVI). Fmr Ltd Company has 62,860 shares for 0% of their US portfolio. Moreover, Fifth Third State Bank has 0% invested in II-VI, Inc. (NASDAQ:IIVI) for 9,599 shares. Stevens Cap Management L P, a Pennsylvania-based fund reported 24,429 shares.
Insider Transactions: Since April 29, 2016, the stock had 1 insider buy, and 6 insider sales for $1.63 million net activity. CORASANTI JOSEPH J sold $689,353 worth of II-VI, Inc. (NASDAQ:IIVI) on Tuesday, June 7. 11,000 II-VI, Inc. (NASDAQ:IIVI) shares with value of $220,125 were sold by MATTERA VINCENT D JR. Another trade for 4,000 shares valued at $89,200 was made by DICICCO WENDY F on Thursday, September 8. $69,980 worth of shares were sold by MISTLER THOMAS E on Friday, May 27. Xia Howard H. also bought $80,092 worth of II-VI, Inc. (NASDAQ:IIVI) shares. 26,300 shares were sold by KRAMER FRANCIS J, worth $546,724 on Friday, April 29.
II-VI Incorporated develops and manufactures engineered materials, optoelectronic components and products. The company has a market cap of $1.59 billion. The Firm has three divisions: II-VI Laser Solutions, II-VI Photonics and II-VI Performance Products. It has a 24.3 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.
IIVI Company Profile
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.
More notable recent II-VI, Inc. (NASDAQ:IIVI) news were published by: Foxbusiness.com which released: “Why II-VI, Inc. Gained 15% in September” on October 12, 2016, also Fool.com with their article: “Why Shares of II-VI Inc. Slumped Today” published on April 27, 2016, Post-Gazette.com published: “II-VI Inc. ends 2nd quarter with revenue gains” on August 02, 2016. More interesting news about II-VI, Inc. (NASDAQ:IIVI) were released by: Fool.com and their article: “Why Shares of II-VI Inc. Are Surging Today” published on January 26, 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.
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