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TOP PICK
Stockchase Research Editor: Michael O'Reilly We reiterate IIVI, a maker of industrial optic and laser components, as a TOP PICK. The company remains well positioned to benefit from 5G rollout, cloud migration, and EVs. It is investing over $1 billion over the next 10 years to focus on highly efficient semiconductors for EV adoption. It issued over $2 billion in new equity, giving it a solid cash position to do so. It trades at 26x earnings compared to peers at 30x and earnings are expected to be $4.48 per share next year compared o $2.28 this year. Sales have been growing over 30% annually for the past five years. We would buy this with a stop loss at $50, looking to achieve $85 -- upside potential over 38%. Yield 0% (Analysts’ price target is $85.12)
Technology

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TOP PICK
Stockchase Research Editor: Michael O'Reilly IIVI is a maker of industrial optic and laser components and is very well positioned to benefit from 5G rollout, cloud migration, and EVs. This will be particularly true following its merger with another laser maker, which is subject to a shareholder vote June 24. Recently reported earnings of $0.91 EPS, beat analyst expectations. Revenues rose 25% and the company reports a backlog of orders exceeding $1.1 billion. The company has been adding cash reserves, which now is estimated over $1.4 billion. It trades at 29x earnings, compared to peers at 42x. We would buy this with a stop loss at $50, looking to achieve $90 -- upside potential over 32%. Yield 0% (Analysts’ price target is $90.00)
Technology
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II-VI Incorporated(IIVI-Q) Rating

Ranking : 1 out of 5

Bullish - Buy Signals / Votes : 0

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 0

Stockchase rating for II-VI Incorporated is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

II-VI Incorporated(IIVI-Q) Frequently Asked Questions

What is II-VI Incorporated stock symbol?

II-VI Incorporated is a American stock, trading under the symbol IIVI-Q on the NASDAQ (IIVI). It is usually referred to as NASDAQ:IIVI or IIVI-Q

Is II-VI Incorporated a buy or a sell?

In the last year, there was no coverage of II-VI Incorporated published on Stockchase.

Is II-VI Incorporated a good investment or a top pick?

II-VI Incorporated was recommended as a Top Pick by on . Read the latest stock experts ratings for II-VI Incorporated.

Why is II-VI Incorporated stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is II-VI Incorporated worth watching?

0 stock analysts on Stockchase covered II-VI Incorporated In the last year. It is a trending stock that is worth watching.

What is II-VI Incorporated stock price?

On 2021-10-20, II-VI Incorporated (IIVI-Q) stock closed at a price of $58.68.