Legal & General Group Plc grew its holdings in shares of II-VI, Inc. (NASDAQ:IIVI) by 1.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 141,592 shares of the scientific and technical instruments company’s stock after acquiring an additional 2,076 shares during the quarter. Legal & General Group Plc owned about 0.22% of II-VI worth $4,568,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp increased its stake in shares of II-VI by 5.9% in the third quarter. Bank of New York Mellon Corp now owns 1,537,620 shares of the scientific and technical instruments company’s stock valued at $72,729,000 after purchasing an additional 86,227 shares during the period. FMR LLC acquired a new stake in shares of II-VI in the third quarter valued at approximately $12,660,000. Great West Life Assurance Co. Can increased its stake in shares of II-VI by 5.7% in the third quarter. Great West Life Assurance Co. Can now owns 74,085 shares of the scientific and technical instruments company’s stock valued at $3,501,000 after purchasing an additional 4,000 shares during the period. Hsbc Holdings PLC increased its stake in shares of II-VI by 242.2% in the third quarter. Hsbc Holdings PLC now owns 19,804 shares of the scientific and technical instruments company’s stock valued at $936,000 after purchasing an additional 14,016 shares during the period. Finally, Crestline Management LP increased its stake in shares of II-VI by 97.7% in the third quarter. Crestline Management LP now owns 63,881 shares of the scientific and technical instruments company’s stock valued at $3,022,000 after purchasing an additional 31,563 shares during the period. Hedge funds and other institutional investors own 91.85% of the company’s stock.

II-VI stock opened at $40.18 on Thursday. The company has a quick ratio of 2.00, a current ratio of 3.17 and a debt-to-equity ratio of 0.43. The company has a market capitalization of $2.55 billion, a PE ratio of 23.36, a P/E/G ratio of 1.35 and a beta of 0.83. II-VI, Inc. has a 12-month low of $29.31 and a 12-month high of $50.75.

II-VI (NASDAQ:IIVI) last posted its quarterly earnings data on Thursday, January 31st. The scientific and technical instruments company reported $0.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.04. II-VI had a net margin of 8.81% and a return on equity of 10.93%. As a group, sell-side analysts anticipate that II-VI, Inc. will post 1.72 EPS for the current fiscal year.

Several equities research analysts have commented on the stock. ValuEngine upgraded shares of II-VI from a “hold” rating to a “buy” rating in a research note on Monday, February 25th. BidaskClub upgraded shares of II-VI from a “sell” rating to a “hold” rating in a research note on Wednesday, February 20th. Piper Jaffray Companies restated an “overweight” rating and issued a $50.00 price target on shares of II-VI in a research note on Friday, February 1st. Zacks Investment Research lowered shares of II-VI from a “buy” rating to a “hold” rating in a research note on Friday, February 1st. Finally, Benchmark restated a “buy” rating and issued a $55.00 price target on shares of II-VI in a research note on Friday, February 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and eight have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $49.09.

In other news, VP David G. Wagner sold 2,317 shares of the stock in a transaction that occurred on Thursday, January 17th. The shares were sold at an average price of $33.23, for a total value of $76,993.91. Following the completion of the transaction, the vice president now directly owns 60,734 shares in the company, valued at $2,018,190.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP David G. Wagner sold 13,200 shares of the stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $42.14, for a total transaction of $556,248.00. Following the completion of the transaction, the vice president now owns 68,317 shares of the company’s stock, valued at $2,878,878.38. The disclosure for this sale can be found here. Insiders sold 73,317 shares of company stock valued at $2,933,425 over the last quarter. Insiders own 4.00% of the company’s stock.

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II-VI Company Profile

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.

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Institutional Ownership by Quarter for II-VI (NASDAQ:IIVI)

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