Is IIVI stock a buy?
Out of 7 analysts, 2 (28.57%) are recommending IIVI as a Strong Buy, 3 (42.86%) are recommending IIVI as a Buy, 1 (14.29%) are recommending IIVI as a Hold, 0 (0%) are recommending IIVI as a Sell, and 1 (14.29%) are recommending IIVI as a Strong Sell.
Why is IIVI stock dropping?
IIVI, +2.77% sank 6.1% toward a six-month low in premarket trading Thursday, after the optical technology company beat fiscal third-quarter earnings expectations, but provided a downbeat profit outlook for the current quarter.
What kind of company is IIVI?
II-VI Incorporated, a global leader in engineered materials and optoelectronic components, is a vertically integrated manufacturing company that develops innovative products for diversified applications in communications, industrial, aerospace & defense, semiconductor capital equipment, life sciences, consumer …
What does IIVI make?
II-VI Incorporated (II-VI) develops, refines, manufactures and markets high-technology materials and derivative precision components and products for precision use in industrial, military, telecommunications, photovoltaic, medical and aerospace applications.
Does IIVI stock pay dividends?
IIVI does not currently pay a dividend.
Is IIVI public?
II-VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, today announced the pricing of concurrent underwritten public offerings of (a) 9,302,235 shares of its common stock at a public offering price of $43.00 per share for gross proceeds to II-VI from the offering of …
Does Apple use Iivi?
At its core, II-VI is providing a fundamental laser technology that is imperative to the manufacturing of Apple’s iPhone 13.
Is Iivi an American company?
II-VI Incorporated is an American manufacturer of optical materials and semiconductors. As of 2021, the company had 22,961 employees. Their stock is listed at Nasdaq under the ticker symbol IIVI. The company’s name is pronounced “Two Six Incorporated”.
Where is Iivi located?
Saxonburg, Pennsylvania
Headquartered in Saxonburg, Pennsylvania, the Company has research and development, manufacturing, sales, service, and distribution facilities worldwide.
Is II-VI an Apple supplier?
As long as II-VI’s products are integrated into Apple’s business model, the company is in a solid position to experience growth.
What does II-VI Incorporated do?
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.
What is the price of II-VI stock?
One share of IIVI stock can currently be purchased for approximately $61.24. How much money does II-VI make? II-VI has a market capitalization of $6.50 billion and generates $3.11 billion in revenue each year.
Where is the II-VI site located?
The II-VI site in Wuxi represents approximately 50% of the company’s footprint in China and about 20% of its global footprint by area. Over the next four years, this facility will become the largest II-VI site to be powered with 100% renewable electricity.
Do analysts agree on ii-vi’s (ii-vi) price targets?
The company’s average rating score is 2.60, and is based on 10 buy ratings, 4 hold ratings, and 1 sell rating. According to analysts’ consensus price target of $87.31, II-VI has a forecasted upside of 42.6% from its current price of $61.24.