II-VI stock is a share of a company that manufactures semiconductors and optical materials. The company was founded in 1980 and has over 20,000 employees. The company is listed on the Nasdaq under the ticker symbol COHR. In 2022, it acquired the laser manufacturer Coherent, Inc., and rebranded itself under the name Coherent Corp.
II-VI stock offers investors a great upside potential from its March 2020 low. The company’s stock has surged from $24 to $62 since the bottom. This is a gain of over 80% from its March 2020 low. In addition, II-VI’s gross margins have consistently been in the 40 percent range, making it a strong pick for investors. The company has also been boosted by the ongoing rollout of 5G networks, which is expected to increase spending in the next few years.
II-VI stock is trading at a discount to its peers. It is exposed to several long-term growth markets, including 5G wireless, autonomous vehicles, cloud computing, and genomics. In addition, it is exposed to a number of high-growth markets, such as 3D sensing/lidar systems and 5G radio antenna components. Additionally, it has a history of successfully integrating large acquisitions.
Another reason to own II-VI stock is its exposure to China. The company spends billions on its infrastructure, and is thus an important part of the telecommunications industry’s resource supply chain. Despite this exposure, the company’s outlook remains positive. This company has the potential to become a leader in photonics solutions, laser systems, and compound semiconductors.
