II-VI (NASDAQ:IIVI) had its price objective boosted by Susquehanna Bancshares from $50.00 to $54.00 in a research note issued to investors on Wednesday morning, The Fly reports. Susquehanna Bancshares currently has a hold rating on the scientific and technical instruments company’s stock.

IIVI has been the topic of a number of other research reports. Piper Sandler lifted their price objective on shares of II-VI from $40.00 to $54.00 and gave the stock an overweight rating in a research report on Tuesday, May 12th. Craig Hallum lifted their price objective on shares of II-VI from $35.00 to $55.00 and gave the stock a buy rating in a research report on Tuesday, May 12th. Deutsche Bank lifted their price objective on shares of II-VI from $35.00 to $50.00 and gave the stock a buy rating in a research report on Tuesday, May 12th. Needham & Company LLC lifted their price objective on shares of II-VI from $52.00 to $57.00 and gave the stock a buy rating in a research report on Tuesday, June 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of II-VI from $45.00 to $53.00 and gave the stock an overweight rating in a research report on Tuesday, May 12th. Five analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $49.32.

NASDAQ IIVI opened at $44.10 on Wednesday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.69 and a current ratio of 2.80. The company has a market capitalization of $4.02 billion, a price-to-earnings ratio of -45.00, a price-to-earnings-growth ratio of 2.81 and a beta of 1.29. The company’s 50-day simple moving average is $47.01 and its two-hundred day simple moving average is $35.97. II-VI has a one year low of $19.00 and a one year high of $51.90.

II-VI (NASDAQ:IIVI) last posted its earnings results on Monday, May 11th. The scientific and technical instruments company reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.33. The business had revenue of $627.00 million for 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 company’s revenue for the quarter was up 83.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.62 EPS. Equities analysts expect that II-VI will post -1.27 earnings per share for the current fiscal year.

In other II-VI news, Director Francis J. Kramer sold 14,500 shares of the business’s stock in a transaction that occurred on Thursday, June 18th. The shares were sold at an average price of $50.04, for a total transaction of $725,580.00. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Vincent D. Mattera, Jr. sold 18,100 shares of the business’s stock in a transaction that occurred on Wednesday, April 29th. The stock was sold at an average price of $35.00, for a total transaction of $633,500.00. Following the sale, the chief executive officer now directly owns 444,751 shares in the company, valued at approximately $15,566,285. The disclosure for this sale can be found here. In the last three months, insiders have sold 99,949 shares of company stock worth $4,223,658. 4.20% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Brookstone Capital Management lifted its stake in II-VI by 2.8% during the 1st quarter. Brookstone Capital Management now owns 15,626 shares of the scientific and technical instruments company’s stock valued at $445,000 after acquiring an additional 432 shares during the period. Vista Investment Management increased its holdings in II-VI by 2.2% in the 1st quarter. Vista Investment Management now owns 23,171 shares of the scientific and technical instruments company’s stock worth $660,000 after acquiring an additional 500 shares in the last quarter. Sheets Smith Wealth Management increased its holdings in II-VI by 4.3% in the 1st quarter. Sheets Smith Wealth Management now owns 13,991 shares of the scientific and technical instruments company’s stock worth $399,000 after acquiring an additional 575 shares in the last quarter. Ironwood Investment Management LLC increased its holdings in II-VI by 4.6% in the 4th quarter. Ironwood Investment Management LLC now owns 13,884 shares of the scientific and technical instruments company’s stock worth $467,000 after acquiring an additional 609 shares in the last quarter. Finally, State of Alaska Department of Revenue increased its holdings in II-VI by 4.6% in the 1st quarter. State of Alaska Department of Revenue now owns 14,993 shares of the scientific and technical instruments company’s stock worth $427,000 after acquiring an additional 656 shares in the last quarter. Institutional investors and hedge funds own 99.54% of the company’s stock.

About II-VI

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.

See Also: How can you know how many shares are floating?

The Fly

Analyst Recommendations for II-VI (NASDAQ:IIVI)

Receive News & Ratings for II-VI Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for II-VI and related companies with MarketBeat.com's FREE daily email newsletter.