IPG Photonics Co. (NASDAQ:IPGP) Receives $93.50 Consensus Target Price from Analysts

IPG Photonics Co. (NASDAQ:IPGP) has been assigned an average recommendation of “Hold” from the seven ratings firms that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $93.50.

A number of brokerages recently issued reports on IPGP. Northcoast Research downgraded IPG Photonics from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 4th. Needham & Company LLC reiterated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Finally, Benchmark reaffirmed a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th.

Institutional Investors Weigh In On IPG Photonics

Large investors have recently added to or reduced their stakes in the business. Versant Capital Management Inc boosted its position in IPG Photonics by 56.7% in the 4th quarter. Versant Capital Management Inc now owns 954 shares of the semiconductor company’s stock valued at $69,000 after buying an additional 345 shares during the period. KBC Group NV grew its stake in IPG Photonics by 50.6% during the 3rd quarter. KBC Group NV now owns 1,086 shares of the semiconductor company’s stock worth $81,000 after purchasing an additional 365 shares in the last quarter. Assetmark Inc. increased its holdings in IPG Photonics by 28.3% during the 3rd quarter. Assetmark Inc. now owns 1,336 shares of the semiconductor company’s stock worth $99,000 after purchasing an additional 295 shares during the period. FMR LLC raised its position in IPG Photonics by 10.4% in the 3rd quarter. FMR LLC now owns 1,620 shares of the semiconductor company’s stock valued at $120,000 after purchasing an additional 153 shares in the last quarter. Finally, Covestor Ltd grew its position in shares of IPG Photonics by 7.7% during the third quarter. Covestor Ltd now owns 1,869 shares of the semiconductor company’s stock worth $139,000 after buying an additional 133 shares in the last quarter. 93.79% of the stock is owned by hedge funds and other institutional investors.

IPG Photonics Trading Up 0.1 %

Shares of IPGP opened at $72.76 on Monday. IPG Photonics has a 12-month low of $61.86 and a 12-month high of $104.19. The firm has a market capitalization of $3.15 billion, a P/E ratio of -20.97 and a beta of 0.96. The firm has a 50-day moving average price of $77.39 and a 200 day moving average price of $76.17.

IPG Photonics (NASDAQ:IPGP) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.10. IPG Photonics had a negative net margin of 14.20% and a positive return on equity of 4.32%. The business had revenue of $233.14 million during the quarter, compared to the consensus estimate of $227.89 million. During the same quarter last year, the firm earned $1.16 EPS. The business’s revenue was down 22.6% compared to the same quarter last year. Equities research analysts predict that IPG Photonics will post 1.51 earnings per share for the current fiscal year.

IPG Photonics Company Profile

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. Its 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.