Other equities research analysts have also recently issued reports about the stock. Raymond James cut shares of IPG Photonics from a strong-buy rating to an outperform rating in a research note on Tuesday, May 26th. Needham & Company LLC reaffirmed a hold rating on shares of IPG Photonics in a research note on Monday, March 23rd. Bank of America raised their price target on shares of IPG Photonics from $140.00 to $200.00 and gave the stock a buy rating in a research note on Wednesday, June 10th. ValuEngine cut shares of IPG Photonics from a buy rating to a hold rating in a research note on Wednesday, May 6th. Finally, DA Davidson raised their price target on shares of IPG Photonics from $150.00 to $165.00 and gave the stock a buy rating in a research note on Wednesday, May 6th. Ten analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. IPG Photonics currently has a consensus rating of Hold and a consensus target price of $156.80.
NASDAQ:IPGP opened at $155.22 on Friday. The company has a current ratio of 9.59, a quick ratio of 7.73 and a debt-to-equity ratio of 0.02. The firm has a 50-day moving average price of $157.36 and a two-hundred day moving average price of $137.05. IPG Photonics has a twelve month low of $98.04 and a twelve month high of $170.03. The company has a market capitalization of $8.23 billion, a P/E ratio of 51.57, a price-to-earnings-growth ratio of 2.36 and a beta of 1.73.
IPG Photonics (NASDAQ:IPGP) last posted its earnings results on Tuesday, May 5th. The semiconductor company reported $0.68 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.52. IPG Photonics had a net margin of 12.93% and a return on equity of 8.57%. The firm had revenue of $249.20 million during the quarter, compared to the consensus estimate of $231.74 million. During the same period last year, the firm posted $1.02 EPS. The firm’s revenue for the quarter was down 20.9% on a year-over-year basis. On average, equities research analysts predict that IPG Photonics will post 2.63 earnings per share for the current year.
In other IPG Photonics news, SVP Angelo P. Lopresti sold 4,000 shares of IPG Photonics stock in a transaction that occurred on Thursday, May 21st. The shares were sold at an average price of $160.00, for a total transaction of $640,000.00. Following the transaction, the senior vice president now directly owns 42,625 shares of the company’s stock, valued at $6,820,000. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Angelo P. Lopresti sold 1,100 shares of IPG Photonics stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $155.02, for a total transaction of $170,522.00. Following the transaction, the senior vice president now directly owns 42,975 shares in the company, valued at $6,661,984.50. The disclosure for this sale can be found here. Insiders sold 51,055 shares of company stock worth $7,826,126 over the last three months. Corporate insiders own 34.00% of the company’s stock.
A number of hedge funds have recently made changes to their positions in IPGP. FMR LLC lifted its position in IPG Photonics by 342.7% during the first quarter. FMR LLC now owns 235,257 shares of the semiconductor company’s stock valued at $35,708,000 after buying an additional 182,112 shares in the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in IPG Photonics during the fourth quarter valued at approximately $201,000. Victory Capital Management Inc. raised its stake in shares of IPG Photonics by 5.1% during the fourth quarter. Victory Capital Management Inc. now owns 17,599 shares of the semiconductor company’s stock valued at $2,550,000 after purchasing an additional 853 shares during the period. Banque Cantonale Vaudoise purchased a new stake in shares of IPG Photonics during the fourth quarter valued at approximately $101,000. Finally, Tredje AP fonden raised its stake in shares of IPG Photonics by 315,200.0% during the fourth quarter. Tredje AP fonden now owns 3,153 shares of the semiconductor company’s stock valued at $457,000 after purchasing an additional 3,152 shares during the period. 65.21% of the stock is currently owned by hedge funds and other institutional investors.
About IPG Photonics
IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include low, medium, and high power lasers; 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; laser diode chips and packaged laser diodes; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.
Further Reading: What does a bar chart mean for investors?
Receive News & Ratings for IPG Photonics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IPG Photonics and related companies with MarketBeat.com's FREE daily email newsletter.