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.
COPYRIGHT VIOLATION WARNING: “Brokers Issue Forecasts for IPG Photonics Co.’s Q2 2018 Earnings (IPGP)” was reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this story on another site, it was copied illegally and reposted in violation of U.S. and international trademark & copyright laws. The legal version of this story can be read at https://ledgergazette.com/2018/02/23/brokers-issue-forecasts-for-ipg-photonics-co-s-q2-2018-earnings-ipgp.html.
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.
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.