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NASDAQ:IIVI

II-VI - IIVI Stock Forecast, Price & News

$52.53
+0.38 (+0.73%)
(As of 08/11/2022 03:59 PM ET)
Add
Compare
Today's Range
$51.97
$53.28
50-Day Range
$47.00
$64.46
52-Week Range
$45.78
$75.05
Volume
40,029 shs
Average Volume
1.36 million shs
Market Capitalization
$5.59 billion
P/E Ratio
29.02
Dividend Yield
N/A
Price Target
$79.93

II-VI MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.54 Rating Score
Upside/​Downside
50.6% Upside
$79.15 Price Target
Short Interest
Healthy
10.17% of Shares Sold Short
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
0.41mentions of II-VI in the last 14 days
Based on 10 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
27.22%
From $3.16 to $4.02 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.60 out of 5 stars

Industrial Products Sector

40th out of 184 stocks

Optical Instruments & Lenses Industry

1st out of 5 stocks

IIVI stock logo

About II-VI (NASDAQ:IIVI) Stock

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. The Photonic Solutions segment manufactures transceivers for data centers and telecom optical networks; pump lasers, optical amplifiers, wavelength selective switches, and advanced components for telecom networks; and crystal materials, optics, lasers, and optoelectronic modules in a range of applications, including optical communications, life sciences, and consumer electronics markets. The company serves original equipment manufacturers, laser end users, system integrators of high-power lasers, U.S. government prime contractors, and various U.S. government agencies, as well as manufacturers of equipment and devices for industrial, optical communications, consumer electronics, and security and monitoring applications. II-VI Incorporated was incorporated in 1971 and is headquartered in Saxonburg, Pennsylvania.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on IIVI shares. Susquehanna Bancshares dropped their price objective on shares of II-VI to $58.00 in a report on Monday, July 25th. TheStreet cut II-VI from a "b-" rating to a "c" rating in a report on Friday, July 1st. Morgan Stanley dropped their price target on shares of II-VI from $82.00 to $75.00 and set an "overweight" rating for the company in a research report on Tuesday, June 14th. Craig Hallum reduced their target price on II-VI from $85.00 to $80.00 and set a "buy" rating on the stock in a report on Friday, July 1st. Finally, Cowen reduced their target price on shares of II-VI to $110.00 in a report on Tuesday. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $79.93.

II-VI Trading Up 0.6 %

II-VI stock traded up $0.33 during trading hours on Thursday, hitting $52.48. The company had a trading volume of 36,544 shares, compared to its average volume of 1,355,564. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.58 and a current ratio of 1.99. The company has a 50-day moving average price of $53.06 and a two-hundred day moving average price of $61.13. The firm has a market cap of $5.59 billion, a P/E ratio of 28.81, a P/E/G ratio of 1.33 and a beta of 1.45. II-VI has a 1 year low of $45.78 and a 1 year high of $75.05.

II-VI (NASDAQ:IIVI - Get Rating) last posted its quarterly earnings data on Tuesday, May 10th. The scientific and technical instruments company reported $0.83 EPS for the quarter, topping the consensus estimate of $0.72 by $0.11. II-VI had a net margin of 8.44% and a return on equity of 13.85%. The firm had revenue of $827.72 million during the quarter, compared to analyst estimates of $804.79 million. During the same quarter in the previous year, the business posted $0.80 EPS. II-VI's revenue was up 5.7% on a year-over-year basis. On average, sell-side analysts anticipate that II-VI will post 3.16 earnings per share for the current year.

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IIVI Stock News Headlines

Cowen Cuts II-VI (NASDAQ:IIVI) Price Target to $110.00
Brokerages Set II-VI Incorporated (NASDAQ:IIVI) PT at $77.62
Form 8-K/A II-VI INC For: Jul 01 - StreetInsider.com
II-VI (NASDAQ:IIVI) Price Target Cut to $58.00
II-VI (NASDAQ:IIVI) PT Lowered to $47.00
See More Headlines
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IIVI Company Calendar

Last Earnings
11/09/2021
Today
8/11/2022
Next Earnings (Confirmed)
8/24/2022
Fiscal Year End
6/30/2023

Industry, Sector and Symbol

Industry
Optical instruments & lenses
Sub-Industry
Electrical Components & Equipment
Current Symbol
NASDAQ:IIVI
CUSIP
90210410
Employees
22,961
Year Founded
1971

Price Target and Rating

Average Stock Price Forecast
$79.15
High Stock Price Forecast
$110.00
Low Stock Price Forecast
$47.00
Forecasted Upside/Downside
+52.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.54
Research Coverage
12 Analysts

Profitability

Net Income
$297.55 million
Pretax Margin
10.07%

Debt

Sales & Book Value

Annual Sales
$3.11 billion
Cash Flow
$6.76 per share
Book Value
$28.19 per share

Miscellaneous

Free Float
103,796,000
Market Cap
$5.59 billion
Optionable
Optionable
Beta
1.45

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IIVI Stock - Frequently Asked Questions

Should I buy or sell II-VI stock right now?

12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for II-VI in the last year. There are currently 1 sell rating, 4 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" IIVI shares.
View IIVI analyst ratings
or view top-rated stocks.

What is II-VI's stock price forecast for 2022?

12 analysts have issued 12 month price targets for II-VI's shares. Their IIVI share price forecasts range from $47.00 to $110.00. On average, they expect the company's share price to reach $79.15 in the next year. This suggests a possible upside of 50.5% from the stock's current price.
View analysts price targets for IIVI
or view top-rated stocks among Wall Street analysts.

How have IIVI shares performed in 2022?

II-VI's stock was trading at $68.33 at the beginning of the year. Since then, IIVI stock has decreased by 23.0% and is now trading at $52.60.
View the best growth stocks for 2022 here
.

When is II-VI's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 24th 2022.
View our IIVI earnings forecast
.

How were II-VI's earnings last quarter?

II-VI Incorporated (NASDAQ:IIVI) announced its quarterly earnings results on Tuesday, November, 9th. The scientific and technical instruments company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.83 by $0.04. The scientific and technical instruments company earned $795.10 million during the quarter, compared to analyst estimates of $809.79 million. II-VI had a net margin of 8.44% and a trailing twelve-month return on equity of 13.85%. The company's quarterly revenue was up 9.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.38 earnings per share.

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

II-VI updated its fourth quarter 2022 earnings guidance on Tuesday, June, 7th. The company provided EPS guidance of $0.85-$1.00 for the period, compared to the consensus EPS estimate of $0.92. The company issued revenue guidance of $840.00 million-$880.00 million, compared to the consensus revenue estimate of $835.84 million.

What is Dr. Vincent D. (Chuck) Mattera, Jr.'s approval rating as II-VI's CEO?

12 employees have rated II-VI Chief Executive Officer Dr. Vincent D. (Chuck) Mattera, Jr. on Glassdoor.com. Dr. Vincent D. (Chuck) Mattera, Jr. has an approval rating of 91% among the company's employees. This puts Dr. Vincent D. (Chuck) Mattera, Jr. in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

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), Block (SQ), Lumentum (LITE), Advanced Micro Devices (AMD), Salesforce (CRM), Trade Desk (TTD), Alibaba Group (BABA), QUALCOMM (QCOM) and Tesla (TSLA).

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 variety of institutional and retail investors. Top institutional shareholders include Walleye Trading LLC (0.00%), Waters Parkerson & CO. LLC (0.37%), Braun Stacey Associates Inc. (0.27%), Scout Investments Inc. (0.18%), Thompson Investment Management Inc. (0.14%) and Kennedy Capital Management Inc. (0.13%). Insiders that own company stock include Christopher Koeppen, Enrico Digirolomo, Francis J Kramer, Francis J Kramer, Giovanni Barbarossa, Howard H Xia, Jo Anne Schwendinger, Joseph J Corasanti, Marc Y E Pelaez, Mary Jane Raymond, Vincent D Mattera Jr and Walter Robert Bashaw II.
View institutional ownership trends
.

How do I buy shares of II-VI?

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

What is II-VI's stock price today?

One share of IIVI stock can currently be purchased for approximately $52.60.

How much money does II-VI make?

II-VI (NASDAQ:IIVI) has a market capitalization of $5.60 billion and generates $3.11 billion in revenue each year. The scientific and technical instruments company earns $297.55 million in net income (profit) each year or $1.81 on an earnings per share basis.

How many employees does II-VI have?

The company employs 22,961 workers across the globe.

Does II-VI have any subsidiaries?

The following companies are subsidiares of II-VI: ANADIGICS, Aegis Lightwave, Ascatron, CoAdna Photonics Inc., Finisar, Finisar Corporation, Finisar Malaysia Sdn. Bhd., Finisar Sherman RE Holdco LLC, Finisar Wuxi, Fuzhou Photop Optics Co. Ltd., HIGHYAG Lasertechnologie, II-VI Advanced Materials Inc., II-VI Aerospace & Defense Inc., II-VI Compound Semiconductors Limited, II-VI Delaware Inc., II-VI Holdings B.V., II-VI Japan Incorporated, II-VI Laser Enterprise GmbH, II-VI Laser Enterprise Ltd., II-VI Photonics (Shenzhen) Inc., II-VI Photonics Inc., II-VI Singapore Pte. Ltd., II-VI Vietnam Co. Ltd., Integrated Photonics, Kaiam Laser Ltd., LightWorks Optics, M Cubed Technologies, M Cubed Technologies Inc., Marlow Industries, Marlow Industries Inc., Max Levy Autograph, Oclaro Switzerland, Optimal Coatech (Guangzhou) Co. Ltd., Pacific Rare Specialty Metals & Chemicals, Photop Technologies, and Photop Technologies Inc..
Read More

When was II-VI founded?

II-VI was founded in 1971.

How can I contact II-VI?

II-VI's mailing address is 375 SAXONBURG BOULEVARD, SAXONBURG PA, 16056. The official website for the company is www.ii-vi.com. The scientific and technical instruments company can be reached via phone at (724) 352-4455, via email at info@ii-vi.com, or via fax at 724-352-5284.

This page (NASDAQ:IIVI) was last updated on 8/11/2022 by MarketBeat.com Staff

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