SEC Form SC 13G/A filed by II-VI Incorporated (Amendment)

2/9/22 9:19:56 AM ET

Get the next $IIVI alert in real time by email

SC 13G/A 1 filing.txt SCHEDULE 13G Amendment No. 3 II-VI INC COMMON STOCK Cusip #902104108 Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [x] Rule 13d-1(b) [ ] Rule 13d-1(c) [ ] Rule 13d-1(d) Cusip #902104108 Item 1: Reporting Person - FMR LLC Item 2: (a) [ ] (b) [ ] Item 4: Delaware Item 5: 1,826,093 Item 6: 0 Item 7: 3,430,841 Item 8: 0 Item 9: 3,430,841 Item 11: 3.232% Item 12: HC Cusip #902104108 Item 1: Reporting Person - Abigail P. Johnson Item 2: (a) [ ] (b) [ ] Item 4: United States of America Item 5: 0 Item 6: 0 Item 7: 3,430,841 Item 8: 0 Item 9: 3,430,841 Item 11: 3.232% Item 12: IN Item 1(a). Name of Issuer: II-VI INC Item 1(b). Address of Issuer's Principal Executive Offices: 375 Saxonburg Blvd Saxonburg, PA 16056 USA Item 2(a). Name of Person Filing: FMR LLC Item 2(b). Address or Principal Business Office or, if None, Residence: 245 Summer Street, Boston, Massachusetts 02210 Item 2(c). Citizenship: Not applicable Item 2(d). Title of Class of Securities: COMMON STOCK Item 2(e). CUSIP Number: 902104108 Item 3. This statement is filed pursuant to Rule 13d-1(b) or 13d-2(b) or (c) and the person filing, FMR LLC, is a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G). (Note: See Exhibit A). Item 4. Ownership (a) Amount Beneficially Owned: 3,430,841 (b) Percent of Class: 3.232% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote: 1,826,093 (ii) shared power to vote or to direct the vote: 0 (iii) sole power to dispose or to direct the disposition of: 3,430,841 (iv) shared power to dispose or to direct the disposition of: 0 Item 5. Ownership of Five Percent or Less of a Class. If this statement is being filed to report the fact that as of the date hereof, the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following (X). Item 6. Ownership of More than Five Percent on Behalf of Another Person. One or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the COMMON STOCK of II-VI INC. No one other person's interest in the COMMON STOCK of II-VI INC is more than five percent of the total outstanding COMMON STOCK. Item 7. Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company. See attached Exhibit A. Item 8. Identification and Classification of Members of the Group. Not applicable. Item 9. Notice of Dissolution of Group. Not applicable. Item 10. Certifications. By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect. Signature After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct. February 8, 2022 Date /s/ Kevin M. Meagher Signature Kevin M. Meagher Duly authorized under Power of Attorney effective as of September 28, 2018, by and on behalf of FMR LLC and its direct and indirect subsidiaries* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on October 9, 2018, accession number: 0000315066-18-002414. Exhibit A Pursuant to the instructions in Item 7 of Schedule 13G, the following table lists the identity and Item 3 classification, if applicable, of each relevant entity that beneficially owns shares of the security class being reported on this Schedule 13G. Entity ITEM 3 Classification FIAM LLC IA Fidelity Institutional Asset Management Trust Company BK Fidelity Management & Research Company LLC IA Fidelity Management Trust Company BK Strategic Advisers LLC IA Abigail P. Johnson is a Director, the Chairman and the Chief Executive Officer of FMR LLC. Members of the Johnson family, including Abigail P. Johnson, are the predominant owners, directly or through trusts, of Series B voting common shares of FMR LLC, representing 49% of the voting power of FMR LLC. The Johnson family group and all other Series B shareholders have entered into a shareholders' voting agreement under which all Series B voting common shares will be voted in accordance with the majority vote of Series B voting common shares. Accordingly, through their ownership of voting common shares and the execution of the shareholders' voting agreement, members of the Johnson family may be deemed, under the Investment Company Act of 1940, to form a controlling group with respect to FMR LLC. Neither FMR LLC nor Abigail P. Johnson has the sole power to vote or direct the voting of the shares owned directly by the various investment companies registered under the Investment Company Act ("Fidelity Funds") advised by Fidelity Management & Research Company LLC ("FMR Co. LLC"), a wholly owned subsidiary of FMR LLC, which power resides with the Fidelity Funds' Boards of Trustees. FMR Co. LLC carries out the voting of the shares under written guidelines established by the Fidelity Funds' Boards of Trustees. This filing reflects the securities beneficially owned, or that may be deemed to be beneficially owned, by FMR LLC, certain of its subsidiaries and affiliates, and other companies (collectively, the "FMR Reporters"). This filing does not reflect securities, if any, beneficially owned by certain other companies whose beneficial ownership of securities is disaggregated from that of the FMR Reporters in accordance with Securities and Exchange Commission Release No. 34-39538 (January 12, 1998). RULE 13d-1(k)(1) AGREEMENT The undersigned persons, on February 8, 2022, agree and consent to the joint filing on their behalf of this Schedule 13G in connection with their beneficial ownership of the COMMON STOCK of II-VI INC at December 31, 2021. FMR LLC By /s/ Kevin M. Meagher Kevin M. Meagher Duly authorized under Power of Attorney effective as of September 28, 2018, by and on behalf of FMR LLC and its direct and indirect subsidiaries* Abigail P. Johnson By /s/ Kevin M. Meagher Kevin M. Meagher Duly authorized under Power of Attorney effective as of September 30, 2018, by and on behalf of Abigail P. Johnson* * This power of attorney is incorporated herein by reference to Exhibit 24 to the Schedule 13G filed by FMR LLC on October 9, 2018, accession number: 0000315066-18-002414.

Get the next $IIVI alert in real time by email

Recent Analyst Ratings for

$IIVI

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

More analyst ratings

SEC Form SC 13G/A filed by II-VI Incorporated (Amendment)

2/9/22 9:19:56 AM ET

$IIVI

Get the next $IIVI alert in real time by email

Recent Analyst Ratings for

$IIVI

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

More analyst ratings

SEC Form SC 13G/A filed by II-VI Incorporated (Amendment)

Crush Q1 2026 with the Best AI Superconnector

Recent Analyst Ratings for
$IIVI

SEC Form SC 13G/A filed by II-VI Incorporated (Amendment)

Crush Q1 2026 with the Best AI Superconnector

Recent Analyst Ratings for
$IIVI

$IIVI
Analyst Ratings

II-VI downgraded by Morgan Stanley with a new price target

B. Riley Securities reiterated coverage on II-VI with a new price target

Citigroup reiterated coverage on II-VI with a new price target

$IIVI
Insider Trading

Koeppen Christopher sold $124,040 worth of shares (2,000 units at $62.02), decreasing direct ownership by 3% to 66,662 units (SEC Form 4)

Koeppen Christopher exercised 1,860 shares at a strike of $21.67 and sold $93,000 worth of shares (1,860 units at $50.00) (SEC Form 4)

Koeppen Christopher exercised 1,920 shares at a strike of $17.84 and sold $86,400 worth of shares (1,920 units at $45.00) (SEC Form 4)

$IIVI
SEC Filings

SEC Form 10-Q filed by Coherent Corp.

Coherent Corp. filed SEC Form 8-K: Financial Statements and Exhibits, Results of Operations and Financial Condition

Coherent Corp. filed SEC Form 8-K: Regulation FD Disclosure, Financial Statements and Exhibits

$IIVI
Press Releases

Industrial Laser Systems Market Size is projected to reach USD 38.07 Billion by 2030, growing at a CAGR of 8.28%: Straits Research

Coherent Introduces Ultrahigh-Resolution Telemetry Module for Embedded Performance Monitoring in 800G Optical Transport Systems

Coherent Introduces 200G Indium Phosphide Electro-Absorption Modulated Lasers for High-Speed Datacenter Transceivers

$IIVI
Financials

Industrial Laser Systems Market Size is projected to reach USD 38.07 Billion by 2030, growing at a CAGR of 8.28%: Straits Research

II-VI Incorporated Reports Q4 and Full-Year Fiscal 2022 Results

II-VI Incorporated to Host FY 2022 Fourth-Quarter Conference Call

$IIVI
Large Ownership Changes

SEC Form SC 13G/A filed by Coherent Corp. (Amendment)

SEC Form SC 13G/A filed by Coherent Corp. (Amendment)