II-VI Inc. (NASDAQ:IIVI) rose 1.6% during trading on Friday . The company traded as high as $20.14 and last traded at $20.01, with a volume of 99,720 shares trading hands. The stock had previously closed at $19.69.

IIVI has been the topic of a number of analyst reports. Zacks Investment Research lowered shares of II-VI from a “buy” rating to a “hold” rating in a research note on Wednesday, March 30th. B. Riley reaffirmed a “neutral” rating and issued a $21.50 price objective on shares of II-VI in a research note on Wednesday, April 27th. Needham & Company LLC reaffirmed a “buy” rating and issued a $26.00 price objective on shares of II-VI in a research note on Monday, June 13th. Sidoti initiated coverage on shares of II-VI in a research note on Thursday, April 21st. They issued a “buy” rating on the stock. Finally, Benchmark Co. upped their price objective on shares of II-VI from $23.50 to $25.00 and gave the company a “buy” rating in a research note on Tuesday, April 26th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $23.10.

The stock’s 50-day moving average price is $19.57 and its 200-day moving average price is $20.04. The company has a market cap of $1.23 billion and a P/E ratio of 18.49.

II-VI (NASDAQ:IIVI) last released its quarterly earnings results on Tuesday, April 26th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.07. The company earned $205.10 million during the quarter, compared to the consensus estimate of $192.62 million. The business’s revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.23 EPS. Analysts expect that II-VI Inc. will post $1.12 earnings per share for the current fiscal year.

In other II-VI news, COO Vincent D. Mattera, Jr. sold 11,000 shares of the firm’s stock in a transaction on Tuesday, June 14th. The stock was sold at an average price of $20.01, for a total transaction of $220,110.00. Following the completion of the transaction, the chief operating officer now owns 201,457 shares of the company’s stock, valued at $4,031,154.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Francis J. Kramer sold 26,300 shares of the firm’s stock in a transaction on Friday, April 29th. The shares were sold at an average price of $20.79, for a total value of $546,777.00. Following the transaction, the chief executive officer now directly owns 556,577 shares of the company’s stock, valued at approximately $11,571,235.83. The disclosure for this sale can be found here.

Other institutional investors have recently made changes to their positions in the company. First Trust Advisors LP raised its position in shares of II-VI by 16.9% in the fourth quarter. First Trust Advisors LP now owns 155,926 shares of the company’s stock valued at $2,894,000 after buying an additional 22,535 shares in the last quarter. Nationwide Fund Advisors raised its position in shares of II-VI by 0.7% in the fourth quarter. Nationwide Fund Advisors now owns 60,304 shares of the company’s stock valued at $1,119,000 after buying an additional 398 shares in the last quarter. State Board of Administration of Florida Retirement System raised its position in shares of II-VI by 21.8% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 69,818 shares of the company’s stock valued at $1,296,000 after buying an additional 12,500 shares in the last quarter. California State Teachers Retirement System raised its position in shares of II-VI by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 97,221 shares of the company’s stock valued at $1,804,000 after buying an additional 1,544 shares in the last quarter. Finally, Bank of Montreal Can raised its position in shares of II-VI by 420.8% in the fourth quarter. Bank of Montreal Can now owns 127,769 shares of the company’s stock valued at $2,371,000 after buying an additional 103,235 shares in the last quarter.

II-VI Incorporated develops, manufactures and markets engineered materials and opto-electronic components and products for precision use in industrial, optical communications, military, semiconductor, medical and life science, and consumer applications. The Company has three segments: II-VI Laser Solutions, II-VI Photonics and II-VI Performance Products.

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