IPG Photonics Co. (NASDAQ:IPGP) Receives Consensus Recommendation of “Hold” from Analysts

Shares of IPG Photonics Co. (NASDAQ:IPGPGet Rating) have been assigned an average recommendation of “Hold” from the ten ratings firms that are currently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $172.29.

Several analysts recently weighed in on the stock. Benchmark dropped their target price on shares of IPG Photonics from $183.00 to $165.00 in a report on Wednesday. Citigroup dropped their target price on shares of IPG Photonics from $157.00 to $146.00 and set a “maintains” rating for the company in a report on Wednesday.

IPG Photonics Stock Up 0.8 %

IPGP stock opened at $103.42 on Thursday. The firm has a market cap of $5.36 billion, a PE ratio of 19.85, a PEG ratio of 5.36 and a beta of 1.36. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.42 and a current ratio of 8.16. The firm’s 50 day moving average price is $97.45 and its 200-day moving average price is $111.33. IPG Photonics has a one year low of $82.68 and a one year high of $187.22.

IPG Photonics (NASDAQ:IPGPGet Rating) last released its quarterly earnings results on Tuesday, August 2nd. The semiconductor company reported $1.10 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.04). The firm had revenue of $377.02 million for the quarter, compared to analysts’ expectations of $373.26 million. IPG Photonics had a net margin of 18.84% and a return on equity of 10.27%. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.33 EPS. On average, equities research analysts anticipate that IPG Photonics will post 4.71 EPS for the current year.

Insiders Place Their Bets

In other IPG Photonics news, CFO Timothy Pv Mammen purchased 3,000 shares of the company’s stock in a transaction on Thursday, June 16th. The stock was acquired at an average price of $83.54 per share, for a total transaction of $250,620.00. Following the completion of the purchase, the chief financial officer now directly owns 53,493 shares in the company, valued at approximately $4,468,805.22. The purchase was disclosed in a filing with the SEC, which is available through this link. Insiders own 33.50% of the company’s stock.

Hedge Funds Weigh In On IPG Photonics

A number of institutional investors and hedge funds have recently modified their holdings of IPGP. Van ECK Associates Corp purchased a new stake in shares of IPG Photonics in the second quarter valued at about $90,000. Nisa Investment Advisors LLC grew its position in IPG Photonics by 46.5% during the second quarter. Nisa Investment Advisors LLC now owns 3,750 shares of the semiconductor company’s stock worth $353,000 after buying an additional 1,190 shares during the period. Janney Montgomery Scott LLC acquired a new position in IPG Photonics during the second quarter worth about $708,000. Retirement Systems of Alabama grew its position in IPG Photonics by 286.9% during the second quarter. Retirement Systems of Alabama now owns 45,783 shares of the semiconductor company’s stock worth $4,310,000 after buying an additional 33,949 shares during the period. Finally, Treasurer of the State of North Carolina grew its position in shares of IPG Photonics by 10.2% in the second quarter. Treasurer of the State of North Carolina now owns 14,690 shares of the semiconductor company’s stock valued at $1,383,000 after purchasing an additional 1,359 shares during the last quarter. Institutional investors and hedge funds own 66.65% of the company’s stock.

IPG Photonics Company Profile

(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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