In the last trading session, 3,016,836 shares of the II-VI Incorporated (NASDAQ:IIVI) were traded, and its beta was 1.55. Most recently the company’s share price was $75.47, and it changed around $0.21 or 0% from the last close, which brings the market valuation of the company to $7.91 Billion. IIVI currently trades at a discount to its 52-week high of $100.44, offering almost -33.09% off that amount. The share price’s 52-week low was $26.55, which indicates that the current value has risen by an impressive 64.82% since then. We note from II-VI Incorporated’s average daily trading volume that its 10-day average is 2.31 Million shares, with the 3-month average coming to 2Million.

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II-VI Incorporated stock received a consensus recommendation rating of Overweight, based on a mean score of 2.1. If we narrow it down even further, the data shows that none out of 16 analysts rate the stock as a Sell; another but none rate it as Overweight. Among the rest, 4 recommended IIVI as a Hold, whereas 12 deemed it a Buy, and no one rated it as Underweight. II-VI Incorporated is expected to report earnings per share of $0.88 for the current quarter.

II-VI Incorporated (NASDAQ:IIVI): Trading Information

Instantly IIVI has showed a green trend with a performance of 0.28% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $76.09 on Tuesday, Apr 06 increased the stock’s daily price by 0.81%. The company’s shares are currently down -0.01% year-to-date, but still up 0.13 over the last five days. On the other hand, II-VI Incorporated (NASDAQ:IIVI) is 0.01% up in the 30-day period. We can see from the shorts that 12.01 Million shares have been sold at a short interest cover period of 6.01 day (s).

The consensus price target as assigned by Wall Street analysts is $105.53, which translates to bears needing to increase their stock price by 39.83% from its current value. Analyst projections state that IIVI is forecast to be at a low of $60 and a high of $125. In order for the stock price to hit the forecast high, the stock would need to surge +65.63% from its current level, while the stock would need to crash -20.5% from its current level to reach the projected low.

II-VI Incorporated (IIVI) projections and forecasts

II-VI Incorporated share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +80.81 percent over the past six months and at a 27.37% annual growth rate that is well above the industry average of 20.6%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +87.2% in revenue this quarter, and will report a decline of -22.9% in the next quarter. The year-over-year growth rate is expected to be 29.6%, up from the previous year.

Consensus estimates provided by 16 financial analysts predict the company will bring in an average of $772.27 Million in revenue for the current quarter. 16 analysts expect II-VI Incorporated to make $798.76 Million in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $627.04 Million and $746.29 Million respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 23.2%. Forecasts for the next quarter put sales growth at 7%.

Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -22.4%. II-VI Incorporated earnings are expected to decrease by -148.4% in 2021, but the outlook is positive 24.39% per year for the next five years.


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II-VI Incorporated (NASDAQ:IIVI)’s Biggest Investors

Upon looking at major shareholders, it appears that insiders hold 1.56% of II-VI Incorporated shares, and 98.14% of them are in the hands of institutional investors. The stock currently has a share float of 99.7%. II-VI Incorporated stock is held by 516 institutions, with Wellington Management Group, LLP being the largest institutional investor. By Dec 30, 2020, it held 11.62% of the shares, which is about 12.17 Million shares worth $924.81 Million.

Blackrock Inc., with 11.34% or 11.88 Million shares worth $902.67 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.

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Hartford Mid Cap Fund and Vanguard Total Stock Market Index Fund were the top two Mutual Funds as of Jan 30, 2021. The former held 4319854 shares worth $363.17 Million, making up 4.12% of all outstanding shares. On the other hand, Vanguard Total Stock Market Index Fund held roughly 2.93 Million shares worth around $222.47 Million, which represents about 2.8% of the total shares outstanding.

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