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

IPG Photonics Co. (NASDAQ:IPGPGet Rating) has earned an average rating of “Hold” from the nine ratings firms that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $169.00.

A number of brokerages have commented on IPGP. Benchmark dropped their target price on shares of IPG Photonics to $165.00 in a research note on Tuesday, August 9th. Citigroup dropped their price objective on shares of IPG Photonics from $157.00 to $146.00 and set a “buy” rating on the stock in a research note on Wednesday, August 3rd.

IPG Photonics Stock Performance

Shares of IPG Photonics stock opened at $87.10 on Friday. The company has a fifty day moving average of $96.52 and a 200 day moving average of $99.57. IPG Photonics has a fifty-two week low of $82.68 and a fifty-two week high of $180.54. The company has a market capitalization of $4.37 billion, a P/E ratio of 17.35, a P/E/G ratio of 4.40 and a beta of 1.39.

IPG Photonics (NASDAQ:IPGPGet Rating) last announced its earnings results on Tuesday, August 2nd. The semiconductor company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.04). IPG Photonics had a net margin of 17.91% and a return on equity of 10.31%. The business had revenue of $377.02 million for the quarter, compared to analysts’ expectations of $373.26 million. During the same quarter in the prior year, the company posted $1.33 earnings per share. The firm’s quarterly revenue was up 1.4% compared to the same quarter last year. Analysts forecast that IPG Photonics will post 4.69 EPS for the current year.

Insiders Place Their Bets

In related news, major shareholder Valentin Gapontsev Trust I sold 5,000 shares of the firm’s stock in a transaction on Wednesday, September 14th. The shares were sold at an average price of $87.72, for a total transaction of $438,600.00. Following the completion of the transaction, the insider now owns 7,404,599 shares of the company’s stock, valued at $649,531,424.28. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Over the last quarter, insiders sold 30,000 shares of company stock valued at $2,879,050. Insiders own 33.50% of the company’s stock.

Institutional Trading of IPG Photonics

Several institutional investors have recently modified their holdings of IPGP. Signaturefd LLC boosted its position in IPG Photonics by 174.3% during the first quarter. Signaturefd LLC now owns 384 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 244 shares during the last quarter. Cutler Group LP purchased a new position in IPG Photonics during the first quarter worth about $43,000. Quadrant Capital Group LLC raised its stake in shares of IPG Photonics by 195.1% in the 2nd quarter. Quadrant Capital Group LLC now owns 478 shares of the semiconductor company’s stock valued at $45,000 after acquiring an additional 316 shares during the period. Atticus Wealth Management LLC purchased a new stake in shares of IPG Photonics in the 1st quarter valued at approximately $55,000. Finally, Truvestments Capital LLC purchased a new stake in shares of IPG Photonics in the 2nd quarter valued at approximately $55,000. Institutional investors and hedge funds own 65.21% of the company’s stock.

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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