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NASDAQ:IIVIII-VI Stock Price, Forecast & News

$47.85
+0.32 (+0.67 %)
(As of 06/1/2020 12:01 PM ET)
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Compare
Today's Range
$46.58
Now: $47.85
$47.88
50-Day Range
$27.02
MA: $35.44
$47.75
52-Week Range
$19.00
Now: $47.85
$48.68
Volume227,641 shs
Average Volume2.26 million shs
Market Capitalization$4.37 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.28
II-VI Incorporated develops, manufactures, and markets engineered materials, and optoelectronic components and devices worldwide. The company operates in three segments: II-VI Laser Solutions, II-VI Photonics, and II-VI Performance Products. The II-VI Laser Solutions segment offers optical and electro-optical components and materials primarily used in high-power CO2 lasers; fiber-delivered beam delivery systems, and processing tools and direct diode lasers for industrial lasers; direct diode laser modules, sub-systems, and systems; super-hard materials processing laser systems; and compound semiconductor epitaxial and gallium arsenide wafers. The II-VI Photonics segment provides crystal materials, optics, microchip lasers, and optoelectronic modules for use in optical communication networks and other consumer, life sciences, and commercial applications. It also offers pump lasers, optical isolators, and optical amplifiers and micro-optics for optical amplifiers for terrestrial and submarine applications within the optical communications market. The II-VI Performance Products segment provides infrared optical components and high-precision optical assemblies for military, medical, and commercial laser imaging applications; and silicon carbide engineered materials for thermoelectric devices and subsystems for silicon carbide applications. The company serves OEMs, laser end-users, system integrators of high-power lasers, manufacturers of equipment and devices for the industrial, optical communications, military, semiconductor, medical and life science markets, consumers, the U.S. government prime contractors, various U.S. government agencies, and thermoelectric integrators. It has strategic collaboration with Sumitomo Electric Device Innovations, Inc. to establish vertically integrated wafer fabrication platform. II-VI Incorporated was founded in 1971 and is headquartered in Saxonburg, Pennsylvania.
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II-VI logo

Beat the Market (BTM) Rank

Analyst Opinion: 2.4Community Rank: 2.7Dividend Strength: 0.0Insider Behavior: 1.0Valuation: 0.6 5 -4 -3 -2 -1 -

Overall Beat the Market Rank

1.34 out of 5 stars


Industry, Sector and Symbol

Industry Optical instruments & lenses
Sub-IndustryElectrical Components & Equipment
Current SymbolNASDAQ:IIVI
CUSIP90210410
Phone724-352-4455

Debt

Price-To-Earnings

Sales & Book Value

Annual Sales$1.36 billion
Cash Flow$3.37 per share
Book Value$17.84 per share

Profitability

Net Income$107.52 million

Miscellaneous

Employees12,487
Market Cap$4.37 billion
Next Earnings Date8/11/2020 (Estimated)
OptionableOptionable

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II-VI (NASDAQ:IIVI) Frequently Asked Questions

How has II-VI's stock been impacted by COVID-19 (Coronavirus)?

II-VI's stock was trading at $22.50 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, IIVI shares have increased by 112.7% and is now trading at $47.85. View which stocks have been most impacted by Coronavirus.

Do Wall Street analysts recommend investors buy shares of II-VI?

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for II-VI in the last year. There are currently 4 hold ratings and 12 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for II-VI.

When is II-VI's next earnings date?

II-VI is scheduled to release its next quarterly earnings announcement on Tuesday, August 11th 2020. View our earnings forecast for II-VI.

How were II-VI's earnings last quarter?

II-VI, Inc. (NASDAQ:IIVI) announced its quarterly earnings data on Monday, May, 11th. The scientific and technical instruments company reported $0.47 EPS for the quarter, topping the Zacks' consensus estimate of $0.14 by $0.33. The scientific and technical instruments company earned $627 million during the quarter, compared to the consensus estimate of $575.66 million. II-VI had a negative net margin of 4.52% and a negative return on equity of 4.91%. The business's revenue for the quarter was up 83.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.62 EPS. View II-VI's earnings history.

What guidance has II-VI issued on next quarter's earnings?

II-VI issued an update on its fourth quarter earnings guidance on Monday, May, 11th. The company provided earnings per share guidance of $0.50-0.70 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.40. The company issued revenue guidance of $650-700 million, compared to the consensus revenue estimate of $626.90 million.

What price target have analysts set for IIVI?

16 equities research analysts have issued 12 month price targets for II-VI's shares. Their forecasts range from $30.00 to $71.00. On average, they anticipate II-VI's share price to reach $47.47 in the next year. This suggests that the stock has a possible downside of 0.8%. View analysts' price targets for II-VI.

Has II-VI been receiving favorable news coverage?

Press coverage about IIVI stock has been trending somewhat positive this week, InfoTrie Sentiment reports. The research firm scores the sentiment of news coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. II-VI earned a media sentiment score of 1.0 on InfoTrie's scale. They also assigned media stories about the scientific and technical instruments company a news buzz of 0.0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the company's share price in the next few days. View the latest news aboutII-VI.

Who are some of II-VI's key competitors?

What other stocks do shareholders of II-VI own?

Based on aggregate information from My MarketBeat watchlists, some companies that other II-VI investors own include NVIDIA (NVDA), Walt Disney (DIS), Lumentum (LITE), Alibaba Group (BABA), Square (SQ), Trade Desk (TTD), Splunk (SPLK), Verizon Communications (VZ), Arista Networks (ANET) and Shopify (SHOP).

Who are II-VI's key executives?

II-VI's management team includes the following people:
  • Dr. Vincent D. Mattera Jr., Pres, CEO & Director (Age 63)
  • Ms. Mary Jane Raymond, CFO, Treasurer & Assistant Sec. (Age 59)
  • Mr. Gary Alan Kapusta, Chief Operating Officer (Age 59)
  • Dr. Giovanni Barbarossa, CTO & Pres of Laser Solutions Segment (Age 59)
  • Ms. Jo Anne Schwendinger, Chief Legal & Compliance Officer and Sec. (Age 64)

What is II-VI's stock symbol?

II-VI trades on the NASDAQ under the ticker symbol "IIVI."

Who are II-VI's major shareholders?

II-VI's stock is owned by a number of retail and institutional investors. Top institutional investors include Wellington Management Group LLP (11.47%), State Street Corp (3.09%), Franklin Resources Inc. (2.95%), Robecosam AG (2.76%), Geode Capital Management LLC (1.45%) and Pictet Asset Management Ltd. (1.42%). Company insiders that own II-VI stock include Christopher Koeppen, David G Wagner, Francis J Kramer, Howard H Xia, Joseph J Corasanti, Marc Y E Pelaez, Mary Jane Raymond, Shaker Sadasivam, Vincent D Mattera Jr and Walter Robert Bashaw II. View institutional ownership trends for II-VI.

Which major investors are selling II-VI stock?

IIVI stock was sold by a variety of institutional investors in the last quarter, including State of Michigan Retirement System, Iridian Asset Management LLC CT, Balyasny Asset Management LLC, State of Michigan Retirement System, UBS Group AG, Pinnacle Associates Ltd., Principal Financial Group Inc., and Russell Investments Group Ltd.. Company insiders that have sold II-VI company stock in the last year include Christopher Koeppen, Francis J Kramer, Howard H Xia, Marc Y E Pelaez, Mary Jane Raymond, Vincent D Mattera Jr, and Walter Robert Bashaw II. View insider buying and selling activity for II-VI.

Which major investors are buying II-VI stock?

IIVI stock was acquired by a variety of institutional investors in the last quarter, including Franklin Resources Inc., Wellington Management Group LLP, Waddell & Reed Financial Inc., Robecosam AG, Pictet Asset Management Ltd., Channing Capital Management LLC, Geode Capital Management LLC, and State Street Corp. Company insiders that have bought II-VI stock in the last two years include Joseph J Corasanti, and Shaker Sadasivam. View insider buying and selling activity for II-VI.

How do I buy shares of II-VI?

Shares of IIVI can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is II-VI's stock price today?

One share of IIVI stock can currently be purchased for approximately $47.85.

How big of a company is II-VI?

II-VI has a market capitalization of $4.37 billion and generates $1.36 billion in revenue each year. The scientific and technical instruments company earns $107.52 million in net income (profit) each year or $1.63 on an earnings per share basis. II-VI employs 12,487 workers across the globe.

What is II-VI's official website?

The official website for II-VI is www.ii-vi.com.

How can I contact II-VI?

II-VI's mailing address is 375 SAXONBURG BOULEVARD, SAXONBURG PA, 16056. The scientific and technical instruments company can be reached via phone at 724-352-4455 or via email at [email protected]

This page was last updated on 6/1/2020 by MarketBeat.com Staff

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