Supplemental Annuity Collective Trust of NJ Makes New $215,000 Investment in II-VI, Inc. (NASDAQ:IIVI)

Supplemental Annuity Collective Trust of NJ bought a new position in II-VI, Inc. (NASDAQ:IIVI) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,100 shares of the scientific and technical instruments company’s stock, valued at approximately $215,000.

Other hedge funds also recently added to or reduced their stakes in the company. Huntington National Bank purchased a new stake in II-VI in the 2nd quarter worth approximately $29,000. First Interstate Bank lifted its position in II-VI by 125.0% in the 2nd quarter. First Interstate Bank now owns 900 shares of the scientific and technical instruments company’s stock worth $33,000 after buying an additional 500 shares in the last quarter. Versant Capital Management Inc lifted its position in II-VI by 122.0% in the 3rd quarter. Versant Capital Management Inc now owns 1,230 shares of the scientific and technical instruments company’s stock worth $43,000 after buying an additional 676 shares in the last quarter. Doyle Wealth Management purchased a new stake in II-VI in the 2nd quarter worth approximately $55,000. Finally, Advisory Services Network LLC lifted its position in II-VI by 105.9% in the 1st quarter. Advisory Services Network LLC now owns 1,750 shares of the scientific and technical instruments company’s stock worth $65,000 after buying an additional 900 shares in the last quarter. Institutional investors own 92.70% of the company’s stock.

In other news, Director Marc Y. E. Pelaez sold 1,000 shares of the firm’s stock in a transaction on Tuesday, September 17th. The shares were sold at an average price of $40.72, for a total transaction of $40,720.00. Following the transaction, the director now owns 64,082 shares in the company, valued at approximately $2,609,419.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Mary Jane Raymond sold 16,000 shares of the firm’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $39.25, for a total transaction of $628,000.00. Following the transaction, the chief financial officer now owns 48,427 shares in the company, valued at approximately $1,900,759.75. The disclosure for this sale can be found here. Insiders have sold a total of 17,500 shares of company stock worth $687,300 in the last 90 days. 4.20% of the stock is owned by insiders.

Shares of II-VI stock traded down $0.13 during midday trading on Friday, reaching $32.33. 577,896 shares of the company’s stock traded hands, compared to its average volume of 2,333,010. The company has a market cap of $2.09 billion, a price-to-earnings ratio of 19.83 and a beta of 1.06. The company’s 50 day simple moving average is $36.25 and its 200 day simple moving average is $36.83. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.91 and a current ratio of 3.00. II-VI, Inc. has a 52 week low of $29.31 and a 52 week high of $47.53.

II-VI (NASDAQ:IIVI) last released its quarterly earnings results on Tuesday, August 13th. The scientific and technical instruments company reported $0.67 earnings per share for the quarter, beating analysts’ consensus estimates of $0.38 by $0.29. The business had revenue of $362.70 million for the quarter, compared to the consensus estimate of $348.02 million. II-VI had a net margin of 7.89% and a return on equity of 10.37%. II-VI’s revenue for the quarter was up 13.0% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 EPS. As a group, equities research analysts predict that II-VI, Inc. will post 1.82 earnings per share for the current year.

A number of equities research analysts have issued reports on IIVI shares. Zacks Investment Research upgraded shares of II-VI from a “sell” rating to a “hold” rating in a research report on Wednesday. ValuEngine downgraded shares of II-VI from a “buy” rating to a “hold” rating in a research report on Tuesday, September 24th. Craig Hallum set a $53.00 target price on shares of II-VI and gave the stock a “buy” rating in a research report on Thursday, September 26th. Benchmark reiterated a “buy” rating and issued a $53.00 target price on shares of II-VI in a research report on Wednesday, August 14th. Finally, BTIG Research set a $31.00 target price on shares of II-VI and gave the stock a “buy” rating in a research report on Friday, August 9th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the stock. II-VI has an average rating of “Hold” and an average price target of $43.91.

About II-VI

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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