IIVI - II-VI Incorporated

NasdaqGS - NasdaqGS Real-time price. Currency in USD
44.53
+0.20 (+0.45%)
At close: 4:00PM EDT
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Previous close44.33
Open44.15
Bid43.03 x 800
Ask44.55 x 1100
Day's range43.40 - 45.07
52-week range19.00 - 51.90
Volume1,554,318
Avg. volume2,094,517
Market cap4.584B
Beta (5Y monthly)1.29
PE ratio (TTM)N/A
EPS (TTM)-1.16
Earnings date11 Aug 2020 - 17 Aug 2020
Forward dividend & yieldN/A (N/A)
Ex-dividend dateN/A
1y target est51.27
  • Why Shares of This 5G Tech Company Have Crushed the Market So Far in 2020
    Motley Fool

    Why Shares of This 5G Tech Company Have Crushed the Market So Far in 2020

    Shares of tech company II-VI (NASDAQ: IIVI) soared 40.2% in the first half of 2020, according to data provided by S&P Global Market Intelligence. II-VI (pronounced "two-six") manufactures high-tech devices, focusing especially on lasers and laser components. Following its merger with optical communications company Finisar in September, II-VI has focused on lasers used in communications and communications networks.

  • U.S. Manufacturing Showing Signs of Turnaround: 5 Top Picks
    Zacks

    U.S. Manufacturing Showing Signs of Turnaround: 5 Top Picks

    Surprising many economists and financial experts, U.S. manufacturing again expanded in June despite the resurgence of COVID-19 cases in several states.

  • GlobeNewswire

    II-VI Incorporated Wins Top External Provider 2019 Award from Valiant TMS

    PITTSBURGH, July 02, 2020 -- II‐VI Incorporated (Nasdaq: IIVI), a leading provider of high-power laser solutions for advanced materials processing, today announced that it has.

  • GlobeNewswire

    II-VI Incorporated Announces Pricing of Public Offerings of Common Stock and Mandatory Convertible Preferred Stock

    PITTSBURGH, July 02, 2020 -- II-VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, today announced the pricing of concurrent.

  • II-VI Offers $350M Common & $400M Preferred Stocks to Public
    Zacks

    II-VI Offers $350M Common & $400M Preferred Stocks to Public

    II-VI (IIVI) offers common and convertible preferred stocks to the public. It intends on using the funds raised to pay down debts and fund corporate needs.

  • GlobeNewswire

    II-VI Incorporated Extends WaveShaper Programmable Optical Processor Product Line for Operation in the S- and Extended L-Bands

    II‐VI Incorporated (IIVI), a leading provider of optical test and measurement equipment, today extended its WaveShaper® Programmable Optical Processors product line for operation in the optical communications S- and extended L-bands. Rapid advances in optical communications technologies are reaching the theoretical limits of fiber-optic capacity in the C-band, which is driving interest in extending transmission into the S- and L-bands. II-VI’s WaveShaper is a family of reconfigurable filter instruments that can be programmed to arbitrary attenuation and phase profiles over the entire S-, C-, and extended L-bands, or from 1468 nm to 1640 nm.

  • GlobeNewswire

    II-VI Incorporated Announces Proposed Public Offerings of Common Stock and Mandatory Convertible Preferred Stock

    II-VI Incorporated (IIVI), a global leader in engineered materials and optoelectronic components, today announced that it has commenced concurrent underwritten public offerings of $350.0 million of newly issued shares of its common stock (the “common stock offering”) and of $400.0 million aggregate liquidation preference of a newly established Series A Mandatory Convertible Preferred Stock (the “preferred stock offering”). In addition, II-VI expects to grant the underwriters of the offerings a 30-day option to purchase up to an additional (a) $52.5 million of shares of its common stock at the applicable public offering price, less underwriting discounts and commissions, and (b) $60.0 million aggregate liquidation preference of its Series A Mandatory Convertible Preferred Stock at the applicable public offering price, less underwriting discounts and commissions, solely to cover over-allotments.

  • GlobeNewswire

    UPDATED - II-VI Incorporated Licenses Technology for Silicon Carbide Devices and Modules for Power Electronics

    PITTSBURGH, June 29, 2020 -- II‐VI Incorporated (Nasdaq: IIVI), a leader in compound semiconductors, today announced that it signed an agreement with General Electric (NYSE:.

  • GlobeNewswire

    II-VI Incorporated Licenses Technology for Silicon Carbide Devices and Modules for Power Electronics

    PITTSBURGH, June 29, 2020 -- II‐VI Incorporated (Nasdaq: IIVI), a leader in compound semiconductors, today announced that it signed an agreement with General Electric (NYSE:.

  • Is II-VI Incorporated (IIVI) Stock a Solid Choice Right Now?
    Zacks

    Is II-VI Incorporated (IIVI) Stock a Solid Choice Right Now?

    II-VI Incorporated (IIVI) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.

  • Near-Term Outlook Bright for Manufacturing-Electronics Stocks
    Zacks

    Near-Term Outlook Bright for Manufacturing-Electronics Stocks

    Near-Term Outlook Bright for Manufacturing-Electronics Stocks

  • Plug Power (PLUG) Looks Good: Stock Adds 11.1% in Session
    Zacks

    Plug Power (PLUG) Looks Good: Stock Adds 11.1% in Session

    Plug Power (PLUG) saw a big move last session, as its shares jumped more than 11% on the day, amid huge volumes.

  • Top Ranked Momentum Stocks to Buy for June 10th
    Zacks

    Top Ranked Momentum Stocks to Buy for June 10th

    Top Ranked Momentum Stocks to Buy for June 10th

  • Why II-VI Shares Rose 38% Last Month
    Motley Fool

    Why II-VI Shares Rose 38% Last Month

    The maker of industrial laser components and systems is enjoying strong order volumes during the COVID-19 crisis.

  • Huawei Employees See Dire Threat to Future From Latest Trump Salvo
    Bloomberg

    Huawei Employees See Dire Threat to Future From Latest Trump Salvo

    (Bloomberg) -- The Trump administration has fired multiple salvos against Huawei Technologies Co. since the start of a campaign to derail China’s technological ascendancy. The latest blow threatens to cripple the country’s tech champion.Huawei’s leafy campus in southern China has been engulfed in a state of emergency since the Commerce Department in May banned the sale of any silicon made with U.S. know-how -- striking at the heart of its semiconductor apparatus and aspirations in fields from artificial intelligence to mobile services. Its stockpiles of certain self-designed chips essential to telecom equipment will run out by early 2021, according to people familiar with the matter.Executives scurried between meetings in the days after the latest restrictions, according to one person who attended the discussions. But the company has so far failed to brainstorm a solution to the curbs, they added, asking not to be identified talking about private matters. While Huawei can buy off-the-shelf or commodity mobile chips from a third party like Samsung Electronics Co. or MediaTek Inc., it couldn’t possibly get enough and may have to make costly compromises on performance in basic products, they added.What Huawei’s brass fears is that Washington, after a year of Entity List sanctions that’ve failed to significantly curtail the company’s rapid growth, has finally figured out how to quash its ambitions. The latest curbs are the culmination of a concerted assault against China’s largest tech company that began years ago, when the White House tried to cut off the flow of American software and circuitry; lobbied allies from the U.K. to Australia to banish its network gear; even persuaded Canadian police to lock up the founder’s daughter. The latest measures however are a more surgical strike leveled at HiSilicon, the secretive division created 16 years ago to drive research into cutting-edge fields like AI inference chips. That unit surged in prominence precisely because it’s viewed as a savior in an era of American containment, and its silicon now matches rivals’ like Qualcomm Inc.’s and powers many of Huawei’s products: the Kirin for phones, Ascend for AI and Kunpeng for servers.Now that ambition is in doubt. Every chipmaker on the planet, from Taiwan Semiconductor Manufacturing Co. to China’s own Semiconductor Manufacturing International Corp., needs gear from American outfits like Applied Materials Inc. to fabricate chipsets. Should Washington get serious about throttling that spigot, Huawei won’t be able to get any of the advanced silicon it designs into the real world -- stymieing efforts to craft its own processors for mobile devices and radio frequency chips for 5G base stations, to name just two of the most vital in-house components. Dubbed the Foreign-Produced Direct Product Rule or DPR, Trump’s latest constraints have implications for China’s 5G rollout, for which Huawei is by far the dominant purveyor.The ban “focuses on HiSilicon-designed chips, which present the biggest threat to the U.S.,” Jefferies analyst Edison Lee wrote in late May. “The DPR could quash HiSilicon and then Huawei’s ability to make 5G network gears.”Read more: U.S.-China Fight Over Chip Kingpin Rattles Tech IndustryThe scene at Huawei’s Shenzhen nerve center invokes deja vu from a year ago, when Huawei billionaire Ren Zhengfei emerged from seclusion to declare his company’s survival in doubt. In the months following that proclamation, two things happened. U.S. companies, spooked by the prospect of losing billions, lobbied Washington for exceptions to the Entity List and suppliers from Intel Corp. to Micron Technology Inc. relocated assembly to increase foreign-produced components and continue supplying the Chinese company. Huawei employees -- spurred on by patriotism given perceptions the nation was under attack -- went to 24-hour days to design alternatives to American parts.The latest curbs could prove more effective because they remove Huawei’s chipmaker of choice from the equation. In theory, any chipmaker can petition the Commerce department for approval to ship Huawei-designed semiconductors, and opinion is divided on both sides of the Pacific as to how far the agency will allow shipments to proceed. But if it chooses to enforce the new curbs to the hilt, HiSilicon can no longer take its designs to TSMC or any foreign contract manufacturer. And local peers such as SMIC typically operate two generations behind TSMC.In fact, the latest curbs could severely disrupt production of some of the more critical and visible products in Huawei’s portfolio, including the Kirin brains and communications chips of future 5G phones, AI learning chips for its cloud services and servers and the most basic kinds of chips for networking. In February, Huawei touted how its next-generation antenna chips have been installed in “the industry’s highest-performance” 5G base stations. It may no longer able to ship those base stations after the chip inventory runs out.“HiSilicon won’t be able to continue its innovation any further until it’s able to find alternatives through self-development and collaboration with local ones, which will take years to mature,” said Charlie Dai, a principal analyst at Forrester Research. “We estimate that Huawei’s inventory of high-end chips (including baseband chips and CPUs for Huawei’s high-end smartphones) may last 12 to 18 months maximum.”Read about how Trump’s blacklisting of Huawei failed to halt its growth.Modern chip manufacturing at the highest levels simply cannot happen without American gear from the likes of Applied Materials, KLA Corp. and Lam Research Corp. Even in basic wafer fabrication, replacing TSMC is impossible because the Taiwanese foundry is the only company able to reliably make semiconductors using 7 nanometer or smaller nodes -- a must for high performance. Moving everything in-house -- essentially building an American-free plant -- is a pipe dream because it requires extreme ultraviolet lithography machines from ASML Holding NV -- a prerequisite for next-generation chipmaking. Yet ASML’s machines also use American technology from the likes of suppliers such as II-VI Inc. and Lumentum Holdings Inc, according to data compiled by Bloomberg. The best Chinese alternative could be Shanghai Micro Electronics Equipment, but its EUVs are again a few generations behind the Dutch firm’s.All that’s even before factoring in the uncertainty over Huawei’s access to design software developed by Cadence Design Systems Inc. and Synopsys Inc. The pair provide electronic design automation (EDA) tools that Hisilicon’s engineers rely on to draw up blueprints for next-generation processors. As Assistant Secretary of State for International Security and Nonproliferation Christopher Ford told reporters in late May: “If one wants to be working in the area of the very best chips, the chips that have the most computing power packed into the smallest space, it is necessary to use U.S. design tools right now because we have a commanding comparative advantage in that area.”“While there will be lots of opportunity to continue selling lesser quality chips to Huawei, this will be an additional challenge for the really good stuff,” he added.How Huawei Landed at the Center of Global Tech Tussle: QuickTakeIn the long run, the lack of consistent in-house chip supplies will disrupt China’s grand ambition of challenging the U.S. for global tech supremacy. More immediately, they threaten to curtail China’s crucial $500 billion 5G rollout -- a key piece of Beijing’s longer-term strategic vision.Huawei stands at the center of Beijing’s $1.4 trillion New Infrastructure initiative to seize the lead in 5G-based technology. Now it’s uncertain if it can even fulfill the 90-plus contracts it’s won so far to build networks for local operators like China Mobile Ltd. and other carriers around the world. That’s because HiSilicon’s chips are essential in products waiting to be shipped out. The uncertainty of not just fulfilling contracts -- but also around Huawei’s very ability to maintain clients’ networks once they’re up and running -- may also spook potential future customers.Internally, executives remain hopeful of finding a workaround, and are repeating the same mantra of a year ago -- doing without American technology isn’t impossible. “The good news is we still have time,” said one person involved in Huawei’s supply chain management. Chip architecture and supply “redesign takes time, but not something that can’t be done.”(Updates with table of Huawei’s chipmaking options after the tenth paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.

  • GlobeNewswire

    II-VI Incorporated to Participate in Piper Sandler Webcast on “The Rise of Silicon Carbide” on May 29

    PITTSBURGH, May 27, 2020 -- II-VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, announced today that the Company will.

  • Surging Earnings Estimates Signal Good News for II-VI (IIVI)
    Zacks

    Surging Earnings Estimates Signal Good News for II-VI (IIVI)

    II-VI (IIVI) is seeing positive earnings estimate revisions, suggesting that it could be a solid choice for investors.

  • GlobeNewswire

    II-VI Incorporated Determines Effects of Recent U.S. Commerce Department Rule

    II-VI Incorporated (IIVI), a global leader in engineered materials and optoelectronic components, today shared the results of its analysis of the U.S. Commerce Department’s recent interim rule that applies to Huawei and its affiliates. The Commerce Department placed Huawei and its affiliates on the Entity List effective May 16, 2019, restricting trade from the United States. The company believes that the Commerce Department’s new rule will have no to minimal impact on the company’s sales or prospects.

  • Here's Why Synaptics, II-VI, and NeoPhotonics Crashed on Friday
    Motley Fool

    Here's Why Synaptics, II-VI, and NeoPhotonics Crashed on Friday

    The sanctions against Chinese tech giant Huawei were extended for another year, undermining investors' hopes of an improved component flow from American suppliers.

  • Will II-VI (IIVI) Gain on Rising Earnings Estimates?
    Zacks

    Will II-VI (IIVI) Gain on Rising Earnings Estimates?

    II-VI (IIVI) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

  • Top Ranked Momentum Stocks to Buy for May 15th
    Zacks

    Top Ranked Momentum Stocks to Buy for May 15th

    Top Ranked Momentum Stocks to Buy for May 15th

  • II-VI Incorporated (IIVI) Shares March Higher, Can It Continue?
    Zacks

    II-VI Incorporated (IIVI) Shares March Higher, Can It Continue?

    As of late, it has definitely been a great time to be an investor in II-VI Incorporated (IIVI).

  • GlobeNewswire

    II-VI Incorporated to Participate in the 15th Annual Needham Technology & Media Conference on May 19

    PITTSBURGH, May 13, 2020 -- II-VI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, announced today that the Company will.

  • Here's Why Shares of II-VI Skyrocketed 24% Today
    Motley Fool

    Here's Why Shares of II-VI Skyrocketed 24% Today

    Shares of II-VI (NASDAQ: IIVI), an industrial laser company, were surging on Tuesday after the company released its fiscal third-quarter 2020 results after the bell Monday. As of 3:04 p.m. EDT, II-VI's share price was up 24.1%. In the quarter, which ended March 31, II-VI's revenue increased by 83% to $627 million.