FY2022 EPS Estimates for IPG Photonics Co. Boosted by Analyst (NASDAQ:IPGP)

IPG Photonics Co. (NASDAQ:IPGPGet Rating) – Analysts at DA Davidson raised their FY2022 earnings per share estimates for shares of IPG Photonics in a research note issued to investors on Wednesday, August 3rd. DA Davidson analyst T. Diffely now expects that the semiconductor company will post earnings per share of $4.73 for the year, up from their prior forecast of $4.65. The consensus estimate for IPG Photonics’ current full-year earnings is $4.65 per share. DA Davidson also issued estimates for IPG Photonics’ FY2023 earnings at $5.60 EPS.

IPG Photonics (NASDAQ:IPGPGet Rating) last announced its quarterly earnings data on Tuesday, August 2nd. The semiconductor company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.04). IPG Photonics had a return on equity of 10.31% and a net margin of 17.91%. The firm had revenue of $377.02 million for the quarter, compared to analyst estimates of $373.26 million. During the same period in the previous year, the business posted $1.33 EPS. IPG Photonics’s revenue for the quarter was up 1.4% compared to the same quarter last year.

Several other research firms have also recently weighed in on IPGP. Benchmark cut their price objective on shares of IPG Photonics from $183.00 to $165.00 in a research report on Wednesday. Citigroup lowered their target price on IPG Photonics from $157.00 to $146.00 and set a “buy” rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, IPG Photonics currently has an average rating of “Hold” and a consensus target price of $171.38.

IPG Photonics Stock Performance

Shares of IPGP opened at $101.84 on Friday. The firm’s 50 day moving average price is $97.51 and its two-hundred day moving average price is $110.53. The company has a debt-to-equity ratio of 0.01, a quick ratio of 6.42 and a current ratio of 6.87. The firm has a market cap of $5.28 billion, a P/E ratio of 20.29, a PEG ratio of 5.21 and a beta of 1.36. IPG Photonics has a twelve month low of $82.68 and a twelve month high of $183.46.

Insider Activity

In other IPG Photonics news, major shareholder Valentin Gapontsev Trust I sold 5,000 shares of the company’s stock in a transaction on Wednesday, August 3rd. The stock was sold at an average price of $102.97, for a total transaction of $514,850.00. Following the transaction, the insider now directly owns 7,434,599 shares in the company, valued at $765,540,659.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CFO Timothy Pv Mammen purchased 3,000 shares of IPG Photonics stock in a transaction dated Thursday, June 16th. The stock was bought at an average cost of $83.54 per share, for a total transaction of $250,620.00. Following the transaction, the chief financial officer now owns 53,493 shares in the company, valued at $4,468,805.22. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Valentin Gapontsev Trust I sold 5,000 shares of IPG Photonics stock in a transaction that occurred on Wednesday, August 3rd. The stock was sold at an average price of $102.97, for a total value of $514,850.00. Following the transaction, the insider now owns 7,434,599 shares of the company’s stock, valued at $765,540,659.03. The disclosure for this sale can be found here. Company insiders own 33.50% of the company’s stock.

Institutional Trading of IPG Photonics

Institutional investors have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC grew its position in IPG Photonics by 40.5% in the 1st quarter. First Eagle Investment Management LLC now owns 3,236,022 shares of the semiconductor company’s stock worth $355,186,000 after purchasing an additional 933,160 shares during the last quarter. Alliancebernstein L.P. lifted its position in IPG Photonics by 14.4% in the 4th quarter. Alliancebernstein L.P. now owns 3,400,502 shares of the semiconductor company’s stock worth $585,362,000 after buying an additional 427,524 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. lifted its position in IPG Photonics by 40.3% in the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,051,310 shares of the semiconductor company’s stock worth $98,960,000 after buying an additional 302,102 shares in the last quarter. Federated Hermes Inc. purchased a new stake in IPG Photonics in the 1st quarter worth approximately $30,069,000. Finally, Invesco Ltd. lifted its position in IPG Photonics by 18.9% in the 1st quarter. Invesco Ltd. now owns 1,701,795 shares of the semiconductor company’s stock worth $186,788,000 after buying an additional 270,190 shares in the last quarter. 66.65% of the stock is owned by hedge funds and other institutional investors.

About IPG Photonics

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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. The company's 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.

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