Brokers Issue Forecasts for IPG Photonics Co.’s Q2 2018 Earnings (IPGP)

IPG Photonics Co. (NASDAQ:IPGP) – Analysts at Northcoast Research boosted their Q2 2018 EPS estimates for IPG Photonics in a research note issued to investors on Tuesday. Northcoast Research analyst T. Hayes now anticipates that the semiconductor company will earn $2.23 per share for the quarter, up from their previous forecast of $2.14. Northcoast Research currently has a “Buy” rating and a $290.00 target price on the stock. Northcoast Research also issued estimates for IPG Photonics’ Q3 2018 earnings at $2.38 EPS, Q4 2018 earnings at $2.10 EPS, FY2018 earnings at $8.56 EPS and Q4 2019 earnings at $2.46 EPS.

IPGP has been the topic of a number of other reports. Zacks Investment Research downgraded IPG Photonics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Needham & Company LLC upped their price target on IPG Photonics from $230.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. BidaskClub downgraded IPG Photonics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. ValuEngine downgraded IPG Photonics from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Finally, Canaccord Genuity upped their price target on IPG Photonics from $210.00 to $235.00 and gave the stock a “hold” rating in a research report on Tuesday. Four analysts have rated the stock with a hold rating, six have given a buy rating and two have given a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $213.60.

Shares of IPG Photonics (NASDAQ:IPGP) traded down $8.23 during mid-day trading on Wednesday, hitting $239.72. The stock had a trading volume of 323,700 shares, compared to its average volume of 513,268. The firm has a market capitalization of $13,229.27, a P/E ratio of 37.69, a PEG ratio of 2.60 and a beta of 1.88. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.27 and a current ratio of 8.82. IPG Photonics has a 1-year low of $116.02 and a 1-year high of $264.11.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings results on Friday, February 16th. The semiconductor company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.14. The business had revenue of $361.10 million for the quarter, compared to the consensus estimate of $345.63 million. IPG Photonics had a return on equity of 21.29% and a net margin of 24.67%. The business’s quarterly revenue was up 28.9% on a year-over-year basis. During the same period in the prior year, the firm posted $1.39 earnings per share.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Strs Ohio purchased a new stake in IPG Photonics in the fourth quarter valued at $101,000. Wolverine Asset Management LLC purchased a new stake in IPG Photonics in the fourth quarter valued at $102,000. MUFG Americas Holdings Corp boosted its holdings in IPG Photonics by 122.5% in the fourth quarter. MUFG Americas Holdings Corp now owns 485 shares of the semiconductor company’s stock valued at $104,000 after purchasing an additional 267 shares during the last quarter. Bollard Group LLC boosted its holdings in IPG Photonics by 145.5% in the fourth quarter. Bollard Group LLC now owns 491 shares of the semiconductor company’s stock valued at $105,000 after purchasing an additional 291 shares during the last quarter. Finally, Livforsakringsbolaget Skandia Omsesidigt purchased a new stake in IPG Photonics in the fourth quarter valued at $128,000. 57.33% of the stock is currently owned by hedge funds and other institutional investors.

In related news, SVP Angelo P. Lopresti sold 9,500 shares of the company’s stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $261.49, for a total value of $2,484,155.00. Following the transaction, the senior vice president now directly owns 46,765 shares of the company’s stock, valued at approximately $12,228,579.85. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Timothy Pv Mammen sold 2,500 shares of the company’s stock in a transaction on Friday, January 19th. The shares were sold at an average price of $261.53, for a total value of $653,825.00. Following the completion of the transaction, the chief financial officer now directly owns 33,600 shares in the company, valued at $8,787,408. The disclosure for this sale can be found here. Over the last three months, insiders sold 49,500 shares of company stock worth $11,979,620. 33.80% of the stock is owned by insiders.

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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.

Earnings History and Estimates for IPG Photonics (NASDAQ:IPGP)

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