II-VI Incorporated (NASDAQ: IIVI) is 38.31% higher on its value in year-to-date trading and has touched a low of $19.00 and a high of $52.97 in the current 52-week trading range. The IIVI stock was last observed hovering at around $49.85 in the last trading session, with the day’s loss setting it -3.28% off its average median price target of $58.00 for the next 12 months. It is also 30.49% off the consensus price target high of $67.00 offered by 16 analysts, but current levels are -8.3% lower than the price target low of $43.00 for the same period.
Currently trading at $46.57, the stock is -4.92% and -2.72% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 3.71 million and changing -6.58% at the moment leaves the stock 26.40% off its SMA200. IIVI registered 25.80% gain for a year compared to 6-month gain of 25.02%. The firm has a 50-day simple moving average (SMA 50) of $47.33 and a 200-day simple moving average (SMA200) of $38.61.
The stock witnessed a 5.48% loss in the last 1 month and extending the period to 3 months gives it a 16.40%, and is -10.11% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 5.86% over the week and 4.52% over the month.
II-VI Incorporated (IIVI) has around 12487 employees, a market worth around $5.08B and $2.00B in sales. Fwd P/E is 13.83. Profit margin for the company is -3.60%. Distance from 52-week low is 145.11% and -12.08% from its 52-week high. The company has generated returns on investments over the last 12 months (8.10%).
II-VI Incorporated (IIVI) Analyst Forecasts
Analyst recommendations provided by FactSet shows that the consensus forecast for II-VI Incorporated (IIVI) is a “Overweight”. 16 analysts offering their recommendations for the stock have an average rating of 2.20, where 5 rate it as a Hold and 0 think it is a “Overweight”. 11 of the analysts rate the stock as a “Buy”. 0 analysts have rated the stock as a Sell or Underperform.
II-VI Incorporated is expected to release its quarterly report on 11/03/2020 and quarterly earnings per share for the current quarter are estimated at $0.61 with sales reaching $726.1M over the same period.The EPS is expected to grow by 10.90% this year, but quarterly earnings will post 25.10% year-over-year.
II-VI Incorporated (IIVI) Top Institutional Holders
366 institutions hold shares in II-VI Incorporated (IIVI), with 4.09M shares held by insiders accounting for 4.47% while institutional investors hold 96.44% of the company’s shares. The shares outstanding are 91.08M, and float is at 88.18M with Short Float at 16.14%. Institutions hold 92.13% of the Float.
The top institutional shareholder in the company is FMR, LLC with over 11.12 million shares valued at $525.16 million. The investor’s holdings represent 12.19% of the IIVI Shares outstanding. As of Mar 30, 2020, the second largest holder is Wellington Management Company, LLP with 10.44 million shares valued at $297.61 million to account for 11.44% of the shares outstanding. The other top investors are Blackrock Inc. which holds 10.38 million shares representing 11.38% and valued at over $295.95 million, while Vanguard Group, Inc. (The) holds 9.26% of the shares totaling 8.45 million with a market value of $240.94 million.
II-VI Incorporated (IIVI) Insider Activity
A total of 38 insider transactions have happened at II-VI Incorporated (IIVI) in the last six months, with sales accounting for 24 and purchases happening 14 times. The most recent transaction is an insider sale by KRAMER FRANCIS J, the company’s Director. SEC filings show that KRAMER FRANCIS J sold 14,500 shares of the company’s common stock on Aug 05 at a price of $52.53 per share for a total of $0.76 million. Following the sale, the insider now owns 0.24 million shares.
II-VI Incorporated disclosed in a document filed with the SEC on Aug 03 that RAYMOND MARY JANE (Chief Financial Officer) sold a total of 2,000 shares of the company’s common stock. The trade occurred on Aug 03 and was made at $52.00 per share for $0.1 million. Following the transaction, the insider now directly holds 66789.0 shares of the IIVI stock.
Still, SEC filings show that on Jun 18, KRAMER FRANCIS J (Director) disposed off 14,500 shares at an average price of $50.04 for $0.73 million. The insider now directly holds 238,549 shares of II-VI Incorporated (IIVI).
II-VI Incorporated (IIVI): Who are the competitors?
The company’s main competitors (and peers) include Corning Incorporated (GLW) that is trading 19.13% up over the past 12 months. Viavi Solutions Inc. (VIAV) is 1.10% up on the 1-year trading charts. Short interest in the company’s stock has risen 17.99% from the last report on Jun 29, 2020 to stand at a total of 11.67 million short shares sold with a short interest ratio of 5.