Charter Equity Reaffirms 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 today at $54.88.

According to TipRanks, F. Snyder is a 5-star analyst with an average return of 20.0% and a 56.79% success rate. F. Snyder covers the Technology sector, focusing on stocks such as Wolfspeed, II-VI, and Broadcom.

Currently, the analyst consensus on II-VI is a Moderate Buy with an average price target of $68.80, representing a 25.36% upside. In a report released on August 16, Deutsche Bank also maintained a Hold rating on the stock with a $58.00 price target.

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The company has a one-year high of $75.05 and a one-year low of $45.78. Currently, II-VI has an average volume of 1.83M.

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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.

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