IPG Photonics Co. (NASDAQ:IPGP) Given Average Recommendation of “Hold” by Brokerages

Shares of IPG Photonics Co. (NASDAQ:IPGPGet Rating) have earned an average recommendation of “Hold” from the twelve brokerages that are presently covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $182.25.

Several analysts recently issued reports on IPGP shares. Needham & Company LLC lowered IPG Photonics from a “buy” rating to a “hold” rating in a report on Thursday, March 3rd. Stifel Nicolaus upgraded IPG Photonics from a “hold” rating to a “buy” rating and set a $170.00 target price on the stock in a report on Wednesday, February 16th. DA Davidson dropped their target price on IPG Photonics from $225.00 to $200.00 in a report on Wednesday, February 16th. StockNews.com started coverage on IPG Photonics in a report on Thursday, March 31st. They set a “hold” rating on the stock. Finally, Raymond James lowered IPG Photonics from a “market perform” rating to an “underperform” rating in a research note on Monday, March 14th.

Shares of IPG Photonics stock opened at $96.85 on Tuesday. The firm has a market cap of $5.09 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 3.41 and a beta of 1.36. The stock’s 50-day moving average is $113.69 and its 200-day moving average is $145.21. IPG Photonics has a one year low of $94.11 and a one year high of $234.06. The company has a debt-to-equity ratio of 0.01, a current ratio of 7.49 and a quick ratio of 6.02.

IPG Photonics (NASDAQ:IPGPGet Rating) last issued its quarterly earnings results on Tuesday, February 15th. The semiconductor company reported $1.21 EPS for the quarter, beating analysts’ consensus estimates of $1.20 by $0.01. IPG Photonics had a return on equity of 10.10% and a net margin of 19.06%. The company had revenue of $364.50 million for the quarter, compared to analyst estimates of $353.63 million. During the same period in the previous year, the company posted $1.19 earnings per share. The company’s quarterly revenue was up 8.3% compared to the same quarter last year. On average, equities analysts expect that IPG Photonics will post 4.81 EPS for the current year.

IPG Photonics declared that its board has approved a stock repurchase plan on Tuesday, February 15th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the semiconductor company to buy up to 2.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

In other news, CEO Eugene A. Shcherbakov sold 1,500 shares of the company’s stock in a transaction that occurred on Wednesday, February 9th. The stock was sold at an average price of $152.30, for a total value of $228,450.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 32.90% of the stock is currently owned by corporate insiders.

Large investors have recently modified their holdings of the stock. Covestor Ltd acquired a new stake in IPG Photonics during the fourth quarter worth approximately $26,000. JJJ Advisors Inc. grew its position in IPG Photonics by 57.8% during the fourth quarter. JJJ Advisors Inc. now owns 202 shares of the semiconductor company’s stock worth $35,000 after buying an additional 74 shares in the last quarter. CWM LLC acquired a new stake in IPG Photonics during the fourth quarter worth approximately $35,000. Concord Wealth Partners acquired a new stake in IPG Photonics during the fourth quarter worth approximately $48,000. Finally, Amplius Wealth Advisors LLC acquired a new stake in IPG Photonics during the fourth quarter worth approximately $65,000. 64.75% of the stock is currently owned by institutional investors and hedge funds.

About IPG Photonics (Get Rating)

IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include hybrid fiber-solid state lasers with green and ultraviolet wavelengths; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; and high-power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.

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Analyst Recommendations for IPG Photonics (NASDAQ:IPGP)

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