Francis J. Kramer Sells 25,000 Shares of II-VI Incorporated (IIVI) Stock
II-VI Incorporated (NASDAQ:IIVI) Director Francis J. Kramer sold 25,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $42.00, for a total value of $1,050,000.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.
Francis J. Kramer also recently made the following trade(s):
- On Monday, July 24th, Francis J. Kramer sold 20,000 shares of II-VI stock. The stock was sold at an average price of $40.00, for a total value of $800,000.00.
II-VI Incorporated (NASDAQ:IIVI) traded down 0.24% on Tuesday, reaching $42.10. 652,289 shares of the company’s stock were exchanged. The firm has a 50 day moving average price of $37.62 and a 200 day moving average price of $35.08. The firm has a market cap of $2.66 billion, a PE ratio of 28.45 and a beta of 0.09. II-VI Incorporated has a one year low of $23.39 and a one year high of $42.50.
II-VI (NASDAQ:IIVI) last posted its quarterly earnings results on Monday, August 7th. The scientific and technical instruments company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.33 by $0.17. The business had revenue of $273.70 million for the quarter, compared to analyst estimates of $249.90 million. II-VI had a return on equity of 12.94% and a net margin of 9.80%. The company’s quarterly revenue was up 13.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.40 EPS. On average, equities analysts anticipate that II-VI Incorporated will post $1.83 earnings per share for the current year.
TRADEMARK VIOLATION NOTICE: “Francis J. Kramer Sells 25,000 Shares of II-VI Incorporated (IIVI) Stock” was originally posted by Watch List News and is owned by of Watch List News. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this article can be read at https://www.watchlistnews.com/francis-j-kramer-sells-25000-shares-of-ii-vi-incorporated-iivi-stock/1605964.html.
A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its stake in II-VI by 55,200.0% during the first quarter. BlackRock Inc. now owns 6,752,130 shares of the scientific and technical instruments company’s stock worth $243,415,000 after purchasing an additional 6,739,920 shares during the period. Vanguard Group Inc. boosted its holdings in II-VI by 10.0% in the 1st quarter. Vanguard Group Inc. now owns 4,959,583 shares of the scientific and technical instruments company’s stock valued at $178,793,000 after purchasing an additional 450,482 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in II-VI by 3.5% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,563,076 shares of the scientific and technical instruments company’s stock valued at $128,453,000 after purchasing an additional 121,261 shares during the last quarter. Wellington Management Group LLP acquired a new position in II-VI in the 1st quarter valued at about $88,905,000. Finally, State Street Corp boosted its holdings in II-VI by 9.1% in the 1st quarter. State Street Corp now owns 1,374,859 shares of the scientific and technical instruments company’s stock valued at $49,563,000 after purchasing an additional 114,283 shares during the last quarter. Hedge funds and other institutional investors own 78.25% of the company’s stock.
Several analysts have recently issued reports on IIVI shares. Zacks Investment Research upgraded shares of II-VI from a “hold” rating to a “strong-buy” rating and set a $46.00 target price on the stock in a research report on Wednesday, September 27th. Benchmark Co. reaffirmed a “buy” rating and issued a $44.00 price target on shares of II-VI in a report on Wednesday, September 13th. BidaskClub lowered II-VI from a “hold” rating to a “sell” rating in a research report on Monday, August 14th. B. Riley reiterated a “neutral” rating and issued a $39.50 price target on shares of II-VI in a research report on Thursday, August 10th. Finally, Needham & Company LLC reissued a “buy” rating and set a $45.00 price objective (up from $40.00) on shares of II-VI in a research note on Wednesday, August 9th. One analyst has rated the stock with a sell rating, one has issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. II-VI presently has an average rating of “Buy” and an average target price of $44.92.
II-VI Incorporated develops and manufactures engineered materials, optoelectronic components and products. The Company has three segments: II-VI Laser Solutions, II-VI Photonics and II-VI Performance Products. The II-VI Laser Solutions segment designs, manufactures and markets optical and electro-optical components and materials sold under the II-VI Infrared brand name and used in carbon dioxide (CO2) lasers, fiber-delivered beam delivery systems and processing tools and direct diode lasers for industrial lasers sold under the II-VI HIGHYAG and II-VI Laser Enterprise brand names.
Receive News & Ratings for II-VI Incorporated Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for II-VI Incorporated and related companies with Analyst Ratings Network's FREE daily email newsletter.