II-VI Incorporated develops, manufactures, and markets engineered materials, and optoelectronic components and devices worldwide. The company operates through two segments, Compound Semiconductors and Photonic Solutions. The Compound Semiconductors segment offers optical and electro-optical components and materials used in high-power CO2 lasers; fiber-delivered beam delivery systems, and processing tools and direct diode lasers for industrial lasers; and compound semiconductor epitaxial and gallium arsenide wafers. This segment also provides infrared optical components and optical assemblies for aerospace and defense, medical, and commercial laser imaging applications; semiconductor lasers and detectors for optical interconnects and sensing applications with InP; and engineered materials for thermoelectric and silicon carbide applications to the semiconductor, aerospace, and defense and medical markets. In addition, it offers compound semiconductor epitaxial wafers for applications in optical components, wireless devices, and communication systems; and GaAs wafers for the production of lasers and integrated circuits. The Photonic Solutions segment provides crystal materials, optics, microchip lasers, and optoelectronic modules for use in optical communication networks and other consumer, life sciences, and commercial applications. This segment also offers pump lasers, optical isolators, and optical amplifiers and micro-optics for optical amplifiers, terrestrial and submarine applications. The company serves original equipment manufacturers, laser end users, system integrators of high-power lasers, U.S. government prime contractors, and various U.S. government agencies, as well as manufacturers of equipment and devices for industrial, optical communications, consumer electronics, security and monitoring applications. The company was founded in 1971 and is headquartered in Saxonburg, Pennsylvania.
IPO Year: 1987
Exchange: NASDAQ
Website: ii-vi.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 8/12/2022 | $75.00 → $59.00 | Overweight → Equal-Weight | Morgan Stanley |
| 2/10/2022 | $87.00 → $88.00 | Buy | B. Riley Securities |
| 2/10/2022 | $68.00 → $75.00 | Neutral | Citigroup |
| 2/10/2022 | $77.00 → $79.00 | Outperform | Raymond James |
| 2/8/2022 | $85.00 → $84.00 | Buy | Needham |
| 1/10/2022 | $71.00 → $80.00 | Neutral | BofA Securities |
| 1/3/2022 | $77.00 | Mkt Perform → Outperform | Raymond James |
| 12/15/2021 | $80.00 → $82.00 | Equal-Weight → Overweight | Morgan Stanley |
| 10/4/2021 | $65.00 → $56.00 | Equal-Weight → Underweight | Barclays |
| 9/2/2021 | $75.00 | Buy → Hold | Deutsche Bank |
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4 - COHERENT CORP. (0000820318) (Issuer)
4 - COHERENT CORP. (0000820318) (Issuer)
4 - COHERENT CORP. (0000820318) (Issuer)
4 - COHERENT CORP. (0000820318) (Issuer)
4 - COHERENT CORP. (0000820318) (Issuer)
4 - COHERENT CORP. (0000820318) (Issuer)
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S-8 POS - COHERENT CORP. (0000820318) (Filer)
New York, United States, Sept. 21, 2022 (GLOBE NEWSWIRE) -- Industrial lasers are used to precisely weld metals, cut metals and fabrics, mark tracking codes for manufacturing process traceability, clean metal surfaces, change surface roughness, and measure part dimensions. The EV and primary metals sectors are just two of the many areas where they are widely utilized. Due to the multiple technological advancements in an industrial setting, including industrial automation, industrial robotics, 3D printing, etc., brought about by the development of Industry 4.0 and Industrial IoT, it is projected that the adoption of laser systems in industries will rise. The demand for precision in manufact
Delivers record quarterly revenues of $887 million, up 7% sequentially and 10% year-over-yearPosts Q4FY22 GAAP EPS of $0.23 and non-GAAP diluted EPS of $0.98Achieves record FY22 bookings of $4.32 billion and revenue of $3.32 billion; up 29% and 7% annually respectivelyGenerates operating cash flow of $413 million PITTSBURGH, Aug. 24, 2022 (GLOBE NEWSWIRE) -- II-VI Incorporated (NASDAQ:IIVI) ("II-VI," "We" or the "Company") an innovator in materials, networking and lasers enabling a sustainable world, today reported results for its fiscal 2022 fourth quarter and fiscal year ended June 30, 2022. The Company revenue for the fourth fiscal quarter of 2022 was $887 million, an increase of 7% o
PITTSBURGH, Aug. 10, 2022 (GLOBE NEWSWIRE) -- II-VI Incorporated (NASDAQ:IIVI), a global leader in engineered materials and optoelectronic components, announced today that the Company will hold a conference call on Wednesday, August 24, 2022, at 9:00 a.m. ET. The call will be hosted by Dr. Vincent D. (Chuck) Mattera, Jr., Chair and CEO; Mary Jane Raymond, Chief Financial Officer; and Dr. Giovanni Barbarossa, Chief Strategy Officer and President, Materials Segment. The fourth-quarter results for FY 2022 will be released before the market opens on Wednesday, August 24, 2022, and will be posted on the Company's website at www.ii-vi.com/investor-relations. Individuals wishing to listen to th
PITTSBURGH and SANTA CLARA, Calif., July 01, 2022 (GLOBE NEWSWIRE) -- II‐VI Incorporated (NASDAQ:IIVI) today successfully completed the acquisition of Coherent, Inc. (NASDAQ:COHR), forming a global leader in materials, networking, and lasers. Under the terms of the merger agreement, each share of Coherent common stock was converted into the right to receive $220.00 in cash and 0.91 of a share of II-VI common stock. Both organizations bring their own formidable strengths. The combined business will be more distributed across the value chain from materials to components, subsystems, systems, and service. II-VI's scale, at the levels of the value chain where expertise in materials matters,
Record Revenue of $828 million Record Bookings of $1.2 billion, grew 48% year-over-yearRecord Backlog of $2.1 billion, grew 88% year-over-yearGAAP EPS of $0.28 Non-GAAP EPS of $0.95 PITTSBURGH, May 10, 2022 (GLOBE NEWSWIRE) -- II-VI Incorporated (NASDAQ:IIVI) ("II-VI," "We" or the "Company") today reported results for its fiscal 2022 third quarter ended March 31, 2022. "We experienced a tremendous surge in demand, booking $1.2 billion of new orders, an increase of 48% compared to a year ago. Our backlog grew 88% year-over-year to $2.1 billion. Clearly, we continue to benefit from a broad and diverse portfolio of differentiated products that serve a rapidly growing list of industry-leadin
PITTSBURGH, April 27, 2022 (GLOBE NEWSWIRE) -- II-VI Incorporated (NASDAQ:IIVI), a global leader in engineered materials and optoelectronic components, announced today that the Company will hold a live webcast and conference call on Tuesday, May 10, 2022, at 9:00 a.m. ET. The webcast and call will be hosted by Dr. Vincent D. (Chuck) Mattera, Jr., Chair and CEO; Mary Jane Raymond, Chief Financial Officer; and Dr. Giovanni Barbarossa, Chief Strategy Officer and President, Compound Semiconductors. The third-quarter results for FY 2022 will be released before the market opens on Tuesday, May 10, 2022, and will be posted on the Company's website at www.ii-vi.com/investor-relations. Webcast UR
Record Bookings of $1.1 billion, grew 21% year over yearRecord Backlog of $1.7 billion, grew 58% year over yearRevenue of $807 million GAAP EPS of $0.44 Non-GAAP EPS of $0.92 $990 million notes issued and $4.0 billion secured facility allocated and priced for Coherent acquisition PITTSBURGH, Feb. 09, 2022 (GLOBE NEWSWIRE) -- II-VI Incorporated (NASDAQ:IIVI) ("II-VI," "We" or the "Company") today reported results for its fiscal 2022 second quarter ended December 31, 2021. "II-VI delivered our first quarter of greater than $1.1 billion in bookings and a record backlog of $1.7 billion as demand continues across our end markets, due to continued strength in the megatrends underpinning our gr
PITTSBURGH, Jan. 26, 2022 (GLOBE NEWSWIRE) -- II-VI Incorporated (NASDAQ:IIVI), a global leader in engineered materials and optoelectronic components, announced today that the Company will hold a live webcast and conference call on Wednesday, February 9, 2022, at 9:00 a.m. EST. The webcast and call will be hosted by Dr. Vincent D. (Chuck) Mattera, Jr., Chair and CEO; Mary Jane Raymond, Chief Financial Officer; and Dr. Giovanni Barbarossa, Chief Strategy Officer and President, Compound Semiconductors. The second-quarter results for FY 2022 will be released before the market opens on Wednesday, February 9, 2022, and will be posted on the Company's website at www.ii-vi.com/investor-relations
Record Bookings of $939 million grew 43% year over yearRevenue of $795 million grew 9% year over year Record Backlog of $1.4 billionGAAP Net Earnings of $75 million GAAP EPS of $0.50 grew 32% year over yearNon-GAAP EPS of $0.87 grew 4% year over year Non-GAAP return on sales of 14.8% grew 7% year over year PITTSBURGH, Nov. 09, 2021 (GLOBE NEWSWIRE) -- II-VI Incorporated (NASDAQ:IIVI) ("II-VI," "We" or the "Company") today reported results for its fiscal 2022 first quarter ended September 30, 2021. "Fiscal year 2022 is starting with very strong momentum and sustainable demand signals that translated into another quarterly bookings record of $939 million and record backlog of $1.4 billion.
PITTSBURGH, Oct. 26, 2021 (GLOBE NEWSWIRE) -- II-VI Incorporated (NASDAQ:IIVI), a global leader in engineered materials and optoelectronic components, announced today that the Company will hold a live webcast and conference call on Tuesday, November 9, 2021, at 9:00 a.m. EST. The webcast and call will be hosted by Dr. Vincent D. (Chuck) Mattera, Jr., Chief Executive Officer; Mary Jane Raymond, Chief Financial Officer; and Dr. Giovanni Barbarossa, Chief Strategy Officer and President, Compound Semiconductors. The first-quarter results for FY 2022 will be released before the market opens on Tuesday, November 9, 2021, and will be posted on the Company's website at www.ii-vi.com/investor-rela
New York, United States, Sept. 21, 2022 (GLOBE NEWSWIRE) -- Industrial lasers are used to precisely weld metals, cut metals and fabrics, mark tracking codes for manufacturing process traceability, clean metal surfaces, change surface roughness, and measure part dimensions. The EV and primary metals sectors are just two of the many areas where they are widely utilized. Due to the multiple technological advancements in an industrial setting, including industrial automation, industrial robotics, 3D printing, etc., brought about by the development of Industry 4.0 and Industrial IoT, it is projected that the adoption of laser systems in industries will rise. The demand for precision in manufact
PITTSBURGH, Sept. 16, 2022 (GLOBE NEWSWIRE) -- Coherent Corp. (NASDAQ:COHR), a leader in optical communications technology, today announced the introduction of its ultrahigh-resolution telemetry module, or optical channel monitor (UHR-OCM), for embedded performance monitoring in optical transport systems transmitting at up to 800G and beyond. Communications service providers are rapidly scaling up the capacity of optical networks to support the exponential growth of internet traffic, driving the demand for next-generation communications equipment that can deliver greater bandwidth while maintaining long transmission reach. The UHR-OCM module provides next-generation transport systems, s
PITTSBURGH, Sept. 15, 2022 (GLOBE NEWSWIRE) -- Coherent Corp. (NASDAQ:COHR), a global leader in optical communications components and subsystems, today announced the introduction of its 200 Gbps indium phosphide (InP) electro-absorption modulated lasers (EMLs) for high-speed datacenter transceivers. The growing demand for 400G and 800G transceivers and the anticipated demand for next-generation 1.6 Tbps transceivers for intra-datacenter communication are rapidly driving a technology shift toward advanced EML devices that maintain transmission reach at higher bit rates. Coherent's EML devices are designed for high reliability and high signal integrity, enabling transceiver modules operatin
PITTSBURGH, Sept. 14, 2022 (GLOBE NEWSWIRE) -- Coherent Corp. (NASDAQ:COHR), a leader in pump laser technology for optical networks, today announced the introduction of its I-Temp micro-pump lasers for extended ambient temperature operation in broadband optical access networks. The growing demand for broadband services is bringing fiber-optic networks closer to subscribers, with environmentally hardened equipment deployed in uncontrolled ambient environments where space is constrained and the availability of power is strictly limited. Coherent's new industry-leading I-Temp micro-pump lasers are now capable of operating over the extended temperature range of -40 to 85 degrees Celsius, enab
PITTSBURGH, Sept. 13, 2022 (GLOBE NEWSWIRE) -- Coherent Corp. (NASDAQ:COHR), a leader in photonics for communications and aerospace & defense, today announced that it has won a Defense Advanced Research Projects Agency (DARPA) contract to develop coherent optical transceiver technology for the agency's Space-Based Adaptive Communications Node (Space-BACN) program. The aim of Space-BACN is to create low-cost, high-speed, reconfigurable, laser-based data links that will enable communications between various government and private-sector low-Earth-orbit (LEO) satellite constellations. Various incompatible and often proprietary optical intersatellite links (OISLs) prevent LEO satellite arrays
PITTSBURGH, Sept. 08, 2022 (GLOBE NEWSWIRE) -- II-VI Incorporated (NASDAQ:IIVI), a leader in engineered materials and optoelectronic components, today announced a corporate name change to Coherent Corp. (NASDAQ:COHR) and a new brand identity, following the successful completion of II-VI's acquisition of Coherent, Inc., on July 1, 2022. "We chose the name Coherent because it has the universal meaning of ‘bringing things together,' and an appeal that we believe will expand our brand recognition and ultimately lead to value creation," said Dr. Vincent D. Mattera, Jr., Chair and CEO of Coherent Corp. "The broader meaning of the word coherent represents our diversity in thinking distilled into
PITTSBURGH, Sept. 02, 2022 (GLOBE NEWSWIRE) -- II-VI Incorporated (NASDAQ:IIVI), a global leader in engineered materials and optoelectronic components, today announced that the Company will present at the following upcoming investor conference: Citi 2022 Global Technology Conference•Date:Friday, September 9, 2022•Time:9:00 a.m. ET•Location: New York Hilton Midtown, 1335 Avenue of the Americas, New York City Participants•Dr. Vincent D. Mattera, Jr., Chair and CEO•Mary Jane Raymond, Chief Financial Officer A real-time audio webcast of the presentation can be accessed via the Investors section of the II-VI website at https://www.ii-vi.com/investors-events/. A replay of the webcast will be a
Delivers record quarterly revenues of $887 million, up 7% sequentially and 10% year-over-yearPosts Q4FY22 GAAP EPS of $0.23 and non-GAAP diluted EPS of $0.98Achieves record FY22 bookings of $4.32 billion and revenue of $3.32 billion; up 29% and 7% annually respectivelyGenerates operating cash flow of $413 million PITTSBURGH, Aug. 24, 2022 (GLOBE NEWSWIRE) -- II-VI Incorporated (NASDAQ:IIVI) ("II-VI," "We" or the "Company") an innovator in materials, networking and lasers enabling a sustainable world, today reported results for its fiscal 2022 fourth quarter and fiscal year ended June 30, 2022. The Company revenue for the fourth fiscal quarter of 2022 was $887 million, an increase of 7% o
PITTSBURGH, Aug. 23, 2022 (GLOBE NEWSWIRE) -- II-VI Incorporated (NASDAQ:IIVI) ("II-VI," "We," or the "Company"), an innovator in materials, networking, and lasers enabling a sustainable world, today announced that its Board of Directors, upon the recommendation of its Human Capital and Compensation Committee, has unanimously agreed to extend Dr. Vincent D. "Chuck" Mattera, Jr.'s, contract as CEO until August 1, 2030. "On behalf of the Board of Directors, we are thrilled to extend Chuck's contract through 2030. Chuck's vision, energy, and execution have driven our acquisition-related integration activities in the United States, Europe, and Asia, thereby establishing additional growth en
PITTSBURGH, Aug. 23, 2022 (GLOBE NEWSWIRE) -- II‐VI Incorporated (NASDAQ:IIVI), a leader in wide-bandgap compound semiconductors, today announced that it closed a multi-year contract to supply Infineon Technologies AG (OTCQX:IFNNY) with 150 mm silicon carbide (SiC) substrates for power electronics. The skyrocketing growth of the electric vehicle (EV) market is driving demand for SiC-based power electronics in EV drivetrains, onboard battery charging units, and charging infrastructure. SiC enables power electronics to be smaller and more efficient, with a lower total system-level cost of ownership than state-of-the-art silicon-based devices. With this contract, Infineon is taking the str
Morgan Stanley downgraded II-VI from Overweight to Equal-Weight and set a new price target of $59.00 from $75.00 previously
B. Riley Securities reiterated coverage of II-VI with a rating of Buy and set a new price target of $88.00 from $87.00 previously
Citigroup reiterated coverage of II-VI with a rating of Neutral and set a new price target of $75.00 from $68.00 previously
Raymond James reiterated coverage of II-VI with a rating of Outperform and set a new price target of $79.00 from $77.00 previously
Needham reiterated coverage of II-VI with a rating of Buy and set a new price target of $84.00 from $85.00 previously
BofA Securities reiterated coverage of II-VI with a rating of Neutral and set a new price target of $80.00 from $71.00 previously
Raymond James upgraded II-VI from Mkt Perform to Outperform and set a new price target of $77.00
Morgan Stanley upgraded II-VI from Equal-Weight to Overweight and set a new price target of $82.00 from $80.00 previously
Barclays downgraded II-VI from Equal-Weight to Underweight and set a new price target of $56.00 from $65.00 previously
Deutsche Bank downgraded II-VI from Buy to Hold and set a new price target of $75.00
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On Tuesday, 400 companies set new 52-week lows. Interesting Highlights From Today's 52-Week Lows And Highs: Toyota Motor (NYSE:TM) was the largest firm on a market cap basis to set a new 52-week low. The smallest company in terms of market cap to set a new 52-week low was Tenax Therapeutics (NASDAQ:TENX). Presidio Property Trust (NASDAQ:SQFT)'s stock traded down the lowest, falling 29.06% to reach a new 52-week low. Under Armour (NYSE:UAA) saw the biggest bounce back on, as shares traded up 0.0% to rebound after it hit its new 52-week low. On Tuesday, the following stocks hit new 52-week lows: Toyota Motor (NYSE:TM) stock broke to a new 52-week low of $143.54 on Tuesday. Share
On Thursday, 529 companies set new 52-week lows. Noteable 52-Week Lows: NVIDIA (NASDAQ:NVDA) was the biggest company on a market cap basis to set a new 52-week low. Reshape Lifesciences (NASDAQ:RSLS) was the smallest company by market cap to set a new 52-week low. Kuke Music Holding (NYSE:KUKE) shares traded down 34.71% to reach its 52-week low, making it the biggest loser. Pricesmart (NASDAQ:PSMT)'s stock made the biggest bounce back, actually moving up 0.06% shortly after hitting a new 52-week low. Here are all the stocks that set new 52-week lows on Thursday: NVIDIA (NASDAQ:NVDA) shares fell to $132.76 on Thursday, setting a new 52-week low with a shift of down 10.8%. Toyo
HC Wainwright & Co. cut the price target for Akerna Corp. (NASDAQ:KERN) from $1.5 to $0.15. Akerna shares rose 0.6% to $0.1280 in pre-market trading. Citigroup lowered the price target on NVIDIA Corporation (NASDAQ:NVDA) from $285 to $248. NVIDIA shares fell 3.3% to $166.50 in pre-market trading . Wells Fargo cut Salesforce, Inc. (NYSE:CRM) price target from $235 to $220. Salesforce shares fell 6.3% to $168.66 in pre-market trading. B of A Securities raised the price target on Dream Finders Homes, Inc. (NASDAQ:DFH) from $10.5 to $12. Dream Finders Homes shares rose 5% to $12.00 in pre-market trading. Rosenblatt cut price target for Autodesk, Inc. (NASDAQ:ADSK) from $285 to $27
Needham analyst James Ricchiuti maintains II-VI (NASDAQ:IIVI) with a Buy and raises the price target from $70 to $75.
Raymond James analyst Simon Leopold maintains II-VI (NASDAQ:IIVI) with a Outperform and lowers the price target from $81 to $80.
II-VI Inc (NASDAQ:IIVI) reported fourth-quarter FY22 revenue growth of 10% year-on-year to $887 million, beating the consensus of $858.7 million. Segments: Photonic Solutions revenue increased 8.7% Y/Y to $597.4 million. Revenue from Compound Semiconductors rose 12.1% Y/Y to $289.6 million. Margins: The non-GAAP gross margin expanded 10 bps to 38.7%. The non-GAAP operating margin expanded 60 bps to 19%. Non-GAAP EPS of $0.98 beat the consensus of $0.94. II-VI held $2.6 billion in cash and equivalents. "II-VI set new records for quarterly revenue in the fourth quarter and significant quarterly growth year-over-year, in response to sustained robust demand across our businesses, and des
II-VI (NASDAQ:IIVI) reported its Q4 earnings results on Wednesday, August 24, 2022 at 06:55 AM. Here's what investors need to know about the announcement. Earnings II-VI beat estimated earnings by 4.26%, reporting an EPS of $0.98 versus an estimate of $0.94. Revenue was up $78.96 million from the same period last year. Past Earnings Performance Last quarter the company beat on EPS by $0.1 which was followed by a 1.4% increase in the share price the next day. Here's a look at II-VI's past performance: Quarter Q3 2022 Q2 2022 Q1 2022 Q4 2021 EPS Estimate 0.85 0.86 0.83 0.76 EPS Actual 0.95 0.92 0.87 0.88