IPG Photonics Corporation (NASDAQ:IPGP) has received a consensus rating of “Buy” from the twelve brokerages that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $172.88.
IPGP has been the topic of a number of recent research reports. BidaskClub cut shares of IPG Photonics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. DA Davidson lifted their price target on shares of IPG Photonics to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Needham & Company LLC boosted their target price on shares of IPG Photonics from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. They noted that the move was a valuation call. Benchmark reiterated a “buy” rating and set a $230.00 target price on shares of IPG Photonics in a research note on Wednesday, November 1st. Finally, Zacks Investment Research lowered shares of IPG Photonics from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th.
Shares of IPG Photonics (NASDAQ IPGP) traded up $5.53 during midday trading on Tuesday, hitting $242.34. 539,344 shares of the stock were exchanged, compared to its average volume of 664,261. The stock has a market capitalization of $13,040.00, a P/E ratio of 35.64, a PEG ratio of 2.55 and a beta of 1.71. IPG Photonics has a 1-year low of $95.04 and a 1-year high of $248.23. The company has a current ratio of 9.02, a quick ratio of 7.46 and a debt-to-equity ratio of 0.02.
IPG Photonics (NASDAQ:IPGP) last released its earnings results on Tuesday, October 31st. The semiconductor company reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.32. The firm had revenue of $392.62 million during the quarter, compared to the consensus estimate of $367.27 million. IPG Photonics had a net margin of 27.85% and a return on equity of 21.17%. IPG Photonics’s revenue was up 47.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.29 earnings per share. analysts expect that IPG Photonics will post 7.13 EPS for the current fiscal year.
In other news, insider Igor Samartsev sold 8,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $221.59, for a total transaction of $1,772,720.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Trevor Ness sold 10,000 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $208.17, for a total transaction of $2,081,700.00. Following the transaction, the senior vice president now owns 22,906 shares of the company’s stock, valued at approximately $4,768,342.02. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,500 shares of company stock valued at $5,742,925. 33.80% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the company. Advantage Investment Management LLC lifted its holdings in IPG Photonics by 366.5% in the third quarter. Advantage Investment Management LLC now owns 933 shares of the semiconductor company’s stock worth $173,000 after purchasing an additional 733 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in IPG Photonics by 10.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,380 shares of the semiconductor company’s stock worth $200,000 after purchasing an additional 131 shares during the period. Elefante Mark B acquired a new stake in IPG Photonics in the third quarter worth about $201,000. Fulton Bank N.A. acquired a new stake in IPG Photonics in the third quarter worth about $202,000. Finally, Aurora Investment Counsel acquired a new stake in IPG Photonics in the fourth quarter worth about $219,000. Institutional investors and hedge funds own 56.38% of the company’s stock.
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About IPG Photonics
IPG Photonics Corporation is a developer and manufacturer of a line of fiber lasers, fiber amplifiers, diode lasers, laser systems and optical accessories that are used for various applications. The Company offers a line of lasers and amplifiers, which are used in materials processing, communications and medical applications.
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