Is Buying Ii-vi Incorporated (NASDAQ:IIVI) Here Good Idea?

II-VI Incorporated (NASDAQ:IIVI) Logo

Investors sentiment decreased to 1.3 in 2019 Q2. Its down 0.15, from 1.45 in 2019Q1. It worsened, as 35 investors sold II-VI Incorporated shares while 57 reduced holdings. 34 funds opened positions while 86 raised stakes. 56.44 million shares or 1.00% more from 55.88 million shares in 2019Q1 were reported.
Virginia Retirement Systems Et Al reported 0.01% in II-VI Incorporated (NASDAQ:IIVI). Moreover, Hsbc Holdings Public Ltd Co has 0% invested in II-VI Incorporated (NASDAQ:IIVI) for 7,188 shares. Sg Americas Limited Liability Company accumulated 5,034 shares or 0% of the stock. 1.52M were reported by Goldman Sachs Grp Inc Inc. Sheets Smith Wealth stated it has 9,530 shares. Northwestern Mutual Wealth Co invested in 0% or 1,600 shares. 292,200 were reported by Paradigm Capital Mngmt Ny. Stifel Financial Corporation holds 9,204 shares or 0% of its portfolio. Comerica National Bank & Trust reported 56,293 shares stake. State Treasurer State Of Michigan has 0.28% invested in II-VI Incorporated (NASDAQ:IIVI) for 832,961 shares. Citigroup stated it has 54,598 shares. Carroll Fincl Associates holds 0% of its portfolio in II-VI Incorporated (NASDAQ:IIVI) for 1,000 shares. Levin Capital Strategies Lp stated it has 8,500 shares. Gemmer Asset Limited Liability, California-based fund reported 150 shares. Focused Wealth Inc accumulated 0.01% or 1,300 shares.

Since May 21, 2019, it had 1 insider purchase, and 0 insider sales for $493,496 activity.

The stock of Ii-vi Incorporated (NASDAQ:IIVI) registered an increase of 4.94% in short interest. IIVI’s total short interest was 9.24M shares in September as published by FINRA. Its up 4.94% from 8.80 million shares, reported previously. With 801,900 shares average volume, it will take short sellers 12 days to cover their IIVI’s short positions. The short interest to Ii-vi Incorporated’s float is 15.69%.

The stock increased 0.49% or $0.2 during the last trading session, reaching $41.38. About 395,855 shares traded. II-VI Incorporated (NASDAQ:IIVI) has declined 5.92% since September 13, 2018 and is downtrending. It has underperformed by 5.92% the S&P500.

II-VI Incorporated develops, manufactures, and markets engineered materials, and optoelectronic components and devices worldwide. The company has market cap of $2.63 billion. The companyÂ’s II-VI Laser Solutions segment provides optical and electro-optical components and materials for use in high-power CO2 lasers, and fiber-delivered beam delivery systems and processing tools, as well as offers direct diode lasers for industrial lasers under the II-VI HIGHYAG and II-VI Laser Enterprise brands; compound semiconductor epitaxial wafers for optical components, wireless devices, and high-speed communication systems applications; and 6-inch gallium arsenide wafers for use in production of high performance lasers and integrated circuits under the II-VI EpiWorks and II-VI OptoElectronic Devices Division brands. It has a 25.39 P/E ratio. The Company’s II-VI Photonics segment provides crystal materials, optics, microchip lasers, and optoelectronic modules for use in optical communication networks, and other various consumer and commercial applications.

II-VI Incorporated (NASDAQ:IIVI) Ratings Coverage

Among 3 analysts covering II-VI (NASDAQ:IIVI), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. II-VI has $5000 highest and $31 lowest target. $40’s average target is -3.33% below currents $41.38 stock price. II-VI had 4 analyst reports since April 26, 2019 according to SRatingsIntel. As per Monday, June 24, the company rating was maintained by BTIG Research. B. Riley & Co maintained it with “Neutral” rating and $3900 target in Wednesday, August 14 report.

More notable recent II-VI Incorporated (NASDAQ:IIVI) news were published by: Finance.Yahoo.com which released: “What Does II-VI Incorporated’s (NASDAQ:IIVI) 9.6% ROCE Say About The Business? – Yahoo Finance” on July 18, 2019, also Nasdaq.com with their article: “Finisar (FNSR) Q1 Earnings Match Estimates, Revenues Miss – Nasdaq” published on September 05, 2019, Nasdaq.com published: “Notable Thursday Option Activity: IIVI, THO, APPN – Nasdaq” on August 08, 2019. More interesting news about II-VI Incorporated (NASDAQ:IIVI) were released by: Seekingalpha.com and their article: “Why I’m Fading The Finisar Deal For Now – Seeking Alpha” published on September 05, 2019 as well as Nasdaq.com‘s news article titled: “II-VI Incorporated Launches Faster Laser Processing Heads with Integrated Vision Systems for Precision Welds in Next Generation Automotive Manufacturing – Nasdaq” with publication date: June 19, 2019.

II-VI Incorporated (NASDAQ:IIVI) Institutional Positions Chart

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