The stock of II-VI, Inc. (NASDAQ:IIVI) reached all time high today, Nov, 22 and still has $33.01 target or 7.00% above today’s $30.85 share price. This indicates more upside for the $1.99B company. This technical setup was reported by Barchart.com. If the $33.01 PT is reached, the company will be worth $139.30 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 81,009 shares traded hands. II-VI, Inc. (NASDAQ:IIVI) has risen 40.29% since April 20, 2016 and is uptrending. It has outperformed by 35.74% 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. II-VI has been the topic of 8 analyst reports since August 4, 2015 according to StockzIntelligence Inc. TheStreet downgraded II-VI, Inc. (NASDAQ:IIVI) on Saturday, August 15 to “Buy” rating. Needham maintained it with “Buy” rating and $29 target price in Monday, October 24 report. Benchmark maintained it with “Buy” rating and $30 target price in Tuesday, October 25 report. The rating was downgraded by Zacks on Thursday, August 6 to “Hold”. Sidoti upgraded the stock to “Buy” rating in Tuesday, August 4 report. The stock has “Buy” rating given by B. Riley & Co on Wednesday, October 26.
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 1.02 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.
Louisiana State Employees Retirement Sys holds 0.02% or 23,500 shares in its portfolio. State Board Of Administration Of Florida Retirement owns 68,129 shares or 0% of their US portfolio. Barclays Public Limited Company holds 104,699 shares or 0% of its portfolio. Walleye Trading Lc last reported 4,797 shares in the company. Blackrock Management Ltd Limited Liability Company accumulated 261,169 shares or 0.01% of the stock. Barrow Hanley Mewhinney Strauss Ltd Liability owns 3.99M shares or 0.11% of their US portfolio. Moreover, Creative Planning has 0% invested in II-VI, Inc. (NASDAQ:IIVI) for 1,149 shares. Gradient Invs Ltd Com reported 100 shares or 0% of all its holdings. Prudential reported 129,225 shares or 0% of all its holdings. Strs Ohio has invested 0% of its portfolio in II-VI, Inc. (NASDAQ:IIVI). Rhumbline Advisers owns 93,046 shares or 0.01% of their US portfolio. Highbridge Capital Mgmt Limited Liability last reported 32,739 shares in the company. Moreover, Aqr Cap Management Limited Co has 0.01% invested in II-VI, Inc. (NASDAQ:IIVI) for 275,225 shares. The New York-based Bnp Paribas Arbitrage Sa has invested 0% in II-VI, Inc. (NASDAQ:IIVI). Geode Capital Limited Liability Co last reported 399,088 shares in the company.
Insider Transactions: Since May 27, 2016, the stock had 1 buy, and 5 insider sales for $1.08 million net activity. Shares for $69,980 were sold by MISTLER THOMAS E. DICICCO WENDY F sold $89,200 worth of II-VI, Inc. (NASDAQ:IIVI) on Thursday, September 8. 3,696 shares with value of $80,092 were bought by Xia Howard H. on Saturday, August 20. Shares for $689,353 were sold by CORASANTI JOSEPH J on Tuesday, June 7. Shares for $220,125 were sold by MATTERA VINCENT D JR on Tuesday, June 14.
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: Seekingalpha.com and their article: “II-VI Inc.: The High Quality Play In Optics” published on September 22, 2016 as well as Post-Gazette.com‘s news article titled: “Revenue up 17 percent at II-VI Inc. for quarter, but profit slips” with publication date: October 25, 2016.
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.
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