Ii-vi Inc (IIVI): Joseph J Corasanti , director of Ii-vi Inc sold 33,400 shares on Jun 7, 2016. The Insider selling transaction was reported by the company on Jun 9, 2016 to the Securities and Exchange Commission. The shares were sold at $20.63 per share for a total value of $689,353.50 , the company said in a SEC Form 4 Filing.
Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 6, 2016, Thomas E Mistler (director) sold 5,000 shares at $20.50 per share price.On May 2, 2016, Francis J Kramer (Chief Executive Officer) sold 26,300 shares at $20.79 per share price.Also, On Mar 30, 2016, Wendy F Dicicco (director) sold 2,000 shares at $21.16 per share price.On Mar 24, 2016, Marc Y E Pelaez (director) sold 13,400 shares at $21.14 per share price.
Shares of II-VI (IIVI) ended Thursday, Jun 9, 2016 session in red amid volatile trading. The shares closed down -0.27 points or -1.30% at $20.52 with 1,51,529 shares getting traded. Post opening the session at $20.72, the shares hit an intraday low of $20.42 and an intraday high of $20.72 and the price vacillated in this range throughout the day. The company has a market cap of $1,266 M and the number of outstanding shares has been calculated to be 6,16,88,986 shares. The 52-week high of II-VI is $23.39 and the 52-week low is $15.042.
Company has been under the radar of several Street Analysts.II-VI is Reiterated by The Benchmark Company to Buy and the brokerage firm has raised the Price Target to $ 25 from a previous price target of $23.50 .The Rating was issued on Apr 26, 2016.II-VI is Initiated by Sidoti to Buy. The Rating was issued on Apr 21, 2016.II-VI is Reiterated by Needham to Buy and the brokerage firm has raised the Price Target to $ 23 from a previous price target of $22 .The Rating was issued on Mar 22, 2016.
II-VI Incorporated develops manufactures and markets engineered materials and opto-electronic components and products for precision use in industrial optical communications military semiconductor medical and life science and consumer applications. The Company has three segments: II-VI Laser Solutions II-VI Photonics and II-VI Performance Products. Its II-VI Laser Solutions segment designs manufactures and markets optical and electro-optical components and materials sold under the II-VI Infrared brand and used in carbon dioxide (CO2) lasers. Its II-VI Photonics segment manufactures crystal materials optics microchip lasers and opto-electronic modules for use in optical communication networks and other consumer and commercial applications. Its II-VI Performance Products segment designs manufactures and markets infrared optical components and optical assemblies for military medical and commercial laser imaging applications.