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

IPG Photonics Co. (NASDAQ:IPGP) has earned a consensus rating of “Hold” from the six analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $87.75.

A number of analysts recently issued reports on the company. Northcoast Research downgraded IPG Photonics from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 4th. Citigroup lowered their price target on IPG Photonics from $62.00 to $60.00 and set a “sell” rating on the stock in a research report on Tuesday, February 18th. Benchmark reissued a “hold” rating on shares of IPG Photonics in a report on Wednesday, October 30th. Stifel Nicolaus lowered their target price on shares of IPG Photonics from $100.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of IPG Photonics in a research note on Wednesday, February 12th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in IPGP. Jane Street Group LLC raised its position in shares of IPG Photonics by 100.4% in the third quarter. Jane Street Group LLC now owns 21,771 shares of the semiconductor company’s stock valued at $1,618,000 after purchasing an additional 10,906 shares during the period. Barclays PLC grew its stake in IPG Photonics by 42.5% in the 3rd quarter. Barclays PLC now owns 38,787 shares of the semiconductor company’s stock valued at $2,883,000 after buying an additional 11,562 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in IPG Photonics by 8.9% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 534,833 shares of the semiconductor company’s stock valued at $39,749,000 after acquiring an additional 43,874 shares during the period. JPMorgan Chase & Co. lifted its position in IPG Photonics by 22.7% during the third quarter. JPMorgan Chase & Co. now owns 151,142 shares of the semiconductor company’s stock worth $11,233,000 after acquiring an additional 28,003 shares during the last quarter. Finally, Quantbot Technologies LP boosted its holdings in shares of IPG Photonics by 57.7% during the third quarter. Quantbot Technologies LP now owns 23,253 shares of the semiconductor company’s stock worth $1,728,000 after acquiring an additional 8,507 shares during the period. 93.79% of the stock is owned by institutional investors and hedge funds.

IPG Photonics Price Performance

Shares of IPG Photonics stock opened at $62.89 on Tuesday. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of -15.05 and a beta of 0.95. IPG Photonics has a one year low of $60.72 and a one year high of $92.21. The stock’s 50-day moving average is $71.46 and its 200-day moving average is $72.89.

IPG Photonics (NASDAQ:IPGP) last announced its earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.05). IPG Photonics had a positive return on equity of 2.98% and a negative net margin of 18.58%. On average, equities analysts expect that IPG Photonics will post 1.54 EPS for the current year.

About IPG Photonics

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.