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NASDAQ:IIVI

II-VI (IIVI) Stock Price, News & Analysis

Notice: This company has been marked as potentially delisted and may not be actively trading.
Today's Range
$220.96
$228.18
50-Day Range
$41.65
$56.83
52-Week Range
$40.80
$75.05
Volume
247,144 shs
Average Volume
1.63 million shs
Market Capitalization
$29.72 billion
P/E Ratio
156.61
Dividend Yield
N/A
Price Target
N/A
IIVI stock logo

About II-VI Stock (NASDAQ:IIVI)

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.

IIVI Stock News Headlines

SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
SHOCKING Crypto Leak…
A shocking leak has revealed tech giant Microsoft's plans to add crypto support to future products. If the plans in these leaked internal documents pan out, we could see prices skyrocket for Bitcoin, Ethereum, XRP and MORE… The coupling of gaming and cryptocurrency could absolutely transform digital finance as we know it in 2024.
Why Coherent Stock Dropped on Wednesday
II-VI Reaches New 52-Week High (IIVI)
Company News for May 11, 2023
See More Headlines
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Company Calendar

Last Earnings
8/24/2022
Today
4/19/2024
Fiscal Year End
6/30/2024

Industry, Sector and Symbol

Industry
Optical Instruments & Lenses
Sub-Industry
Electrical Components & Equipment
Current Symbol
NASDAQ:IIVI
CUSIP
90210410
Employees
23,658
Year Founded
1971

Profitability

Net Income
$234.76 million
Pretax Margin
8.50%

Debt

Sales & Book Value

Annual Sales
$3.32 billion
Cash Flow
$38.16 per share
Book Value
$29.79 per share

Miscellaneous

Free Float
127,602,000
Market Cap
$29.72 billion
Optionable
Optionable
Beta
1.46

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Should I Buy II-VI Stock? IIVI Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in II-VI Incorporated:

  • II-VI Incorporated has a strong presence in the optical instruments & lenses industry, which is a sector with high growth potential due to increasing demand for advanced optical technologies in various applications.
  • The company's Compound Semiconductors segment provides components and materials for high-power lasers used in materials processing applications, a market with steady growth driven by industrial and technological advancements.
  • II-VI's Photonic Solutions segment manufactures components for data centers and optical networks, benefiting from the expanding digital infrastructure and telecommunications industry.
  • Recent leadership changes, such as Walter R. Bashaw II becoming President in 2019, indicate a focus on strategic growth and M&A activities, potentially leading to enhanced market positioning and revenue growth.
  • With a comprehensive product portfolio spanning various industries like aerospace, defense, medical, and consumer electronics, II-VI offers diversified revenue streams that can mitigate risks associated with market fluctuations.

Cons

Investors should be bearish about investing in II-VI Incorporated for these reasons:

  • The company operates in a competitive market with other established players, which may pose challenges in maintaining market share and pricing power, potentially impacting profitability.
  • Fluctuations in raw material prices, particularly in the semiconductor and optical industries, can affect II-VI's production costs and margins, leading to financial volatility.
  • Global economic uncertainties and geopolitical tensions could impact demand for II-VI's products, especially in sectors like aerospace and defense, where government spending plays a significant role.
  • Investing in II-VI Incorporated involves exposure to market risks associated with technological disruptions and rapid industry changes, requiring continuous innovation and adaptation to stay competitive.
  • Stock price fluctuations in the semiconductor sector, influenced by factors like supply chain disruptions and macroeconomic conditions, can affect the valuation of II-VI's shares, impacting investor returns.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, April 13, 2024. Please send any questions or comments about these II-VI pros and cons to contact@marketbeat.com.

IIVI Stock Analysis - Frequently Asked Questions

How were II-VI's earnings last quarter?

II-VI Incorporated (NASDAQ:IIVI) issued its earnings results on Wednesday, August, 24th. The scientific and technical instruments company reported $0.98 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.04. The scientific and technical instruments company had revenue of $887 million for the quarter, compared to analyst estimates of $858.96 million. II-VI had a trailing twelve-month return on equity of 14.27% and a net margin of 7.08%. The business's quarterly revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the company earned $0.75 EPS.

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).

Does II-VI have any subsidiaries?
The following companies are subsidiares of II-VI: ANADIGICS, Aegis Lightwave, Ascatron, Coherent Laser, Finisar, Finisar Corporation, Finisar Sherman RE Holdco LLC, Fuzhou Photop Optics Co. Ltd., HIGHYAG Lasertechnologie, II-VI Delaware Inc., II-VI Holdings B.V., II-VI Laser Enterprise GmbH, II-VI Laser Enterprise Ltd., II-VI Malaysia Advanced Manufacturing Center Sdn. Bhd., II-VI Photonics Inc., Integrated Photonics, Kaiam Laser Ltd., LightWorks Optics, M Cubed Technologies, Marlow Industries, Max Levy Autograph, Oclaro Switzerland, Pacific Rare Specialty Metals & Chemicals, Photop Technologies, and Photop Technologies Inc..
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This page (NASDAQ:IIVI) was last updated on 4/19/2024 by MarketBeat.com Staff

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