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Charter Equity Maintains Their Hold Rating on II-VI (IIVI)

Charter Equity analyst Edward F. Snyder maintained a Hold rating on II-VI (IIVIResearch Report) today. The company’s shares closed last Wednesday at $73.78.

According to TipRanks.com, Snyder is a 4-star analyst with an average return of 20.4% and a 58.2% success rate. Snyder covers the Technology sector, focusing on stocks such as Telefonaktiebolaget LM Ericsson, Skyworks Solutions, and Texas Instruments.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for II-VI with a $82.38 average price target, which is a 15.6% upside from current levels. In a report issued on February 10, Citigroup also maintained a Hold rating on the stock with a $75.00 price target.

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The company has a one-year high of $93.42 and a one-year low of $54.35. Currently, II-VI has an average volume of 1.26M.

Based on the recent corporate insider activity of 51 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of IIVI in relation to earlier this year.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

II-VI, Inc. engages in the development, refinement, manufacturing, and marketing of engineered materials and opto-electronic components and devices for precision in the field of industrial materials processing, optical communications, aerospace and defense, consumer electronics, semiconductor capital equipment, life sciences, and automotive applications and markets. It operates through the following three segments: Laser Solutions, Photonics, and Performance Products. The Laser Solutions segment designs, manufactures, and markets optical and electro-optical components and materials sold under the II-VI Infrared brand name. The Photonics segment manufactures crystal materials, optics, microchip lasers, and optoelectronic modules for use in optical communications networks and other diverse consumer, life sciences, and commercial applications. The Performance Products segment designs, manufactures, and markets infrared optical components and high-precision optical assemblies for aerospace and defense, medical, and commercial laser imaging applications. The company was founded Carl J. Johnson in 1971 and is headquartered in 1971 and is headquartered in Saxonburg, PA.

Read More on IIVI:

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