II-VI, Inc. Is a Buy; Strong Momentum from Option Traders

 II VI, Inc. Is a Buy; Strong Momentum from Option Traders

In today’s session II-VI, Inc. (IIVI) registered an unusually high (1,384) 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 1,384 contracts traded and 19594 open interest for the Apr, 17 contract, it seems this is a quite bullish bet. The option with symbol: IIVI170421C00030000 closed last at: $1.4 or 20% down. About 40,558 shares traded hands. II-VI, Inc. (NASDAQ:IIVI) has risen 26.11% since April 1, 2016 and is uptrending. It has outperformed by 24.90% the S&P500.

II-VI, Inc. (NASDAQ:IIVI) Ratings Coverage

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 -2.93% below today’s ($27.3) stock price. II-VI has been the topic of 8 analyst reports since August 4, 2015 according to StockzIntelligence Inc. As per Wednesday, October 26, the company rating was upgraded by B. Riley & Co. The stock has “Buy” rating given by Sidoti on Tuesday, August 4. Benchmark maintained II-VI, Inc. (NASDAQ:IIVI) on Tuesday, October 25 with “Buy” rating. The firm has “Buy” rating given on Monday, October 24 by Needham. As per Saturday, August 15, the company rating was downgraded by TheStreet. The rating was downgraded by Zacks on Thursday, August 6 to “Hold”.

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.
Smithfield Communications has 3,500 shares for 0.01% of their US portfolio. California Public Employees Retirement Systems has 133,500 shares for 0% of their US portfolio. Kcg Hldg Inc owns 13,078 shares or 0.01% of their US portfolio. Aperio Grp Ltd Limited Liability Company accumulated 20,664 shares or 0% of the stock. Thrivent Finance For Lutherans last reported 25,820 shares in the company. Huntington Bancorp last reported 0% of its portfolio in the stock. Blackrock Lc has 0% invested in the company for 99,317 shares. Bessemer Gru accumulated 200 shares or 0% of the stock. Eqis Cap Inc accumulated 14,519 shares or 0.02% of the stock. Lsv Asset Management accumulated 236,976 shares or 0.01% of the stock. The United Kingdom-based Legal And General Group Inc Public Ltd Co has invested 0% in II-VI, Inc. (NASDAQ:IIVI). Us Commercial Bank De, a Minnesota-based fund reported 816 shares. Moreover, Dimensional Fund Advsrs Ltd Partnership has 0.03% invested in II-VI, Inc. (NASDAQ:IIVI) for 3.23 million shares. Bard Assoc last reported 233,544 shares in the company. Moreover, Commonwealth Equity Services Inc has 0.01% invested in II-VI, Inc. (NASDAQ:IIVI) for 75,527 shares.

Insider Transactions: Since May 27, 2016, the stock had 1 buy, and 5 sales for $1.08 million net activity. $69,980 worth of II-VI, Inc. (NASDAQ:IIVI) shares were sold by MISTLER THOMAS E. 33,400 shares with value of $689,353 were sold by CORASANTI JOSEPH J on Tuesday, June 7. The insider Xia Howard H. bought $80,092. 11,000 shares with value of $220,125 were sold by MATTERA VINCENT D JR on Tuesday, June 14. 4,000 II-VI, Inc. (NASDAQ:IIVI) shares with value of $89,200 were sold by DICICCO WENDY F.

II-VI Incorporated develops and manufactures engineered materials, optoelectronic components and products. The company has a market cap of $1.72 billion. The Firm has three divisions: II-VI Laser Solutions, II-VI Photonics and II-VI Performance Products. It has a 26.68 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: Fool.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: “Revenue up 17 percent at II-VI Inc. for quarter, but profit slips” on October 25, 2016. More interesting news about II-VI, Inc. (NASDAQ:IIVI) were released by: Seekingalpha.com and their article: “II-VI Inc.: The High Quality Play In Optics” published on September 22, 2016 as well as Streetinsider.com‘s news article titled: “II-VI, Inc. (IIVI) Enters Agreement to Acquire EpiWorks and ANADIGICS for $110M” with publication date: January 19, 2016.

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