News articles about IPG Photonics (NASDAQ:IPGP) have trended somewhat positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. IPG Photonics earned a news impact score of 0.19 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 45.7103980846116 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the media stories that may have impacted Accern’s analysis:
- IPG Photonics (IPGP) Rating Increased to Buy at ValuEngine (americanbankingnews.com)
- Kremlin report businessman Araz Agalarov redeems his plane from American bank given confiscation threats (en.crimerussia.com)
- Congress Asset Management Company Cut Holding in Ipg Photonics Corp (IPGP) (skatronixxx.com)
- IPG Photonics (IPGP) Stock Rating Lowered by ValuEngine (americanbankingnews.com)
- Intrinsic Calculation For IPG Photonics Corporation (NASDAQ:IPGP) Shows Investors Are Overpaying (finance.yahoo.com)
IPGP has been the topic of several research reports. Zacks Investment Research lowered IPG Photonics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Northcoast Research reaffirmed a “buy” rating and issued a $290.00 target price on shares of IPG Photonics in a research report on Wednesday, January 31st. BidaskClub raised IPG Photonics from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 5th. Benchmark reissued a “buy” rating and issued a $255.00 price objective (up from $230.00) on shares of IPG Photonics in a research report on Tuesday, February 20th. Finally, Needham & Company LLC raised their target price on IPG Photonics from $230.00 to $280.00 and gave the company a “buy” rating in a research note on Wednesday, January 24th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $213.60.
NASDAQ:IPGP opened at $229.34 on Wednesday. The stock has a market capitalization of $12,049.11, a P/E ratio of 30.70, a PEG ratio of 2.23 and a beta of 1.82. IPG Photonics has a one year low of $116.82 and a one year high of $264.11. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.82 and a quick ratio of 7.27.
IPG Photonics (NASDAQ:IPGP) last issued its earnings results on Friday, February 16th. The semiconductor company reported $1.86 EPS for the quarter, beating the Zacks’ consensus estimate of $1.72 by $0.14. The company had revenue of $361.10 million during 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%. IPG Photonics’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.39 earnings per share. analysts predict that IPG Photonics will post 8.33 EPS for the current year.
In related news, Director William S. Hurley sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $255.93, for a total transaction of $895,755.00. Following the sale, the director now owns 14,505 shares of the company’s stock, valued at $3,712,264.65. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Timothy Pv Mammen sold 12,500 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $243.41, for a total value of $3,042,625.00. Following the sale, the chief financial officer now directly owns 38,040 shares in the company, valued at approximately $9,259,316.40. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 43,000 shares of company stock worth $10,885,132. Corporate insiders own 33.80% of the company’s stock.
IPG Photonics Company Profile
IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include low, medium, and high power lasers; 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; laser diode chips and packaged laser diodes; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.
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