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

IPG Photonics Co. (NASDAQ:IPGPGet Rating) has been given an average recommendation of “Hold” by the nine research firms that are covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $169.00.

A number of brokerages recently weighed in on IPGP. Benchmark decreased their price target on shares of IPG Photonics to $165.00 in a research note on Tuesday, August 9th. Citigroup lowered their price objective on shares of IPG Photonics from $157.00 to $146.00 and set a “buy” rating on the stock in a research note on Wednesday, August 3rd.

Insiders Place Their Bets

In related news, major shareholder Valentin Gapontsev Trust I sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 10th. The stock was sold at an average price of $101.77, for a total value of $508,850.00. Following the completion of the sale, the insider now owns 7,429,599 shares of the company’s stock, valued at approximately $756,110,290.23. The sale was disclosed in a document filed with the SEC, which is available at this link. In the last quarter, insiders have sold 30,000 shares of company stock worth $2,879,050. Company insiders own 33.50% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of IPGP. Signaturefd LLC grew its holdings in shares of IPG Photonics by 174.3% during the first quarter. Signaturefd LLC now owns 384 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 244 shares during the last quarter. Cutler Group LP acquired a new stake in shares of IPG Photonics during the first quarter worth about $43,000. Quadrant Capital Group LLC raised its position in shares of IPG Photonics by 195.1% during the second quarter. Quadrant Capital Group LLC now owns 478 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 316 shares during the period. Atticus Wealth Management LLC acquired a new stake in IPG Photonics in the 1st quarter valued at approximately $55,000. Finally, Truvestments Capital LLC acquired a new stake in IPG Photonics in the 2nd quarter valued at approximately $55,000. 65.21% of the stock is currently owned by institutional investors and hedge funds.

IPG Photonics Stock Down 1.8 %

Shares of NASDAQ IPGP opened at $87.10 on Friday. The firm has a market cap of $4.37 billion, a price-to-earnings ratio of 17.35, a price-to-earnings-growth ratio of 4.40 and a beta of 1.39. IPG Photonics has a 52-week low of $82.68 and a 52-week high of $180.54. The company’s 50-day simple moving average is $96.52 and its 200-day simple moving average is $99.57.

IPG Photonics (NASDAQ:IPGPGet Rating) last released its quarterly earnings results on Tuesday, August 2nd. The semiconductor company reported $1.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.04). IPG Photonics had a net margin of 17.91% and a return on equity of 10.31%. The company had revenue of $377.02 million during the quarter, compared to analysts’ expectations of $373.26 million. During the same period last year, the firm posted $1.33 earnings per share. IPG Photonics’s revenue was up 1.4% on a year-over-year basis. Equities research analysts anticipate that IPG Photonics will post 4.69 EPS for the current fiscal year.

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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