Merrill Lynch Believes II-VI (IIVI) Still Has Room to Grow

In a report released today, Wamsi Mohan from Merrill Lynch maintained a Buy rating on II-VI (IIVI), with a price target of $100.00. The company’s shares closed last Tuesday at $87.21, close to its 52-week high of $91.09.

According to, Mohan is a 4-star analyst with an average return of 11.8% and a 59.2% success rate. Mohan covers the Technology sector, focusing on stocks such as International Business Machines, Dell Technologies, and Pure Storage.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for II-VI with a $71.29 average price target.

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Based on II-VI’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $728 million and net profit of $46.27 million. In comparison, last year the company earned revenue of $340 million and had a GAAP net loss of $26 million.

Based on the recent corporate insider activity of 64 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.

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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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