Robecosam AG Buys 260,000 Shares of II-VI, Inc. (IIVI)

Robecosam AG increased its stake in shares of II-VI, Inc. (NASDAQ:IIVI) by 520.0% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 310,000 shares of the scientific and technical instruments company’s stock after purchasing an additional 260,000 shares during the period. Robecosam AG’s holdings in II-VI were worth $14,741,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of IIVI. Stone Ridge Asset Management LLC purchased a new stake in II-VI during the 4th quarter worth about $210,000. Suntrust Banks Inc. purchased a new stake in II-VI during the 4th quarter worth about $212,000. US Bancorp DE lifted its holdings in II-VI by 43.3% during the 4th quarter. US Bancorp DE now owns 4,891 shares of the scientific and technical instruments company’s stock worth $229,000 after purchasing an additional 1,477 shares in the last quarter. Granite Point Capital Management L.P. purchased a new stake in II-VI during the 4th quarter worth about $282,000. Finally, Affinity Investment Advisors LLC purchased a new stake in II-VI during the 4th quarter worth about $302,000. 89.26% of the stock is currently owned by institutional investors and hedge funds.

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II-VI, Inc. (NASDAQ IIVI) opened at $41.65 on Monday. The company has a quick ratio of 2.71, a current ratio of 4.01 and a debt-to-equity ratio of 0.48. The firm has a market capitalization of $2,602.56, a PE ratio of 31.55, a price-to-earnings-growth ratio of 1.24 and a beta of 0.12. II-VI, Inc. has a one year low of $27.25 and a one year high of $53.08.

II-VI (NASDAQ:IIVI) last announced its quarterly earnings data on Thursday, February 1st. The scientific and technical instruments company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.37 by $0.02. The firm had revenue of $281.50 million for the quarter, compared to analyst estimates of $277.16 million. II-VI had a return on equity of 11.10% and a net margin of 8.08%. The company’s revenue was up 21.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.49 EPS. equities analysts predict that II-VI, Inc. will post 1.53 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on IIVI shares. Craig Hallum decreased their target price on II-VI to $53.00 and set a “buy” rating on the stock in a research note on Friday, February 2nd. Loop Capital started coverage on II-VI in a research note on Monday, January 29th. They issued a “buy” rating and a $70.00 target price on the stock. BidaskClub upgraded II-VI from a “hold” rating to a “buy” rating in a research note on Wednesday, January 10th. upped their target price on II-VI from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Finally, Needham & Company LLC upped their target price on II-VI from $50.00 to $56.00 and gave the stock a “buy” rating in a research note on Monday, November 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $51.55.

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II-VI Company Profile

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.

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

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