ValuEngine cut shares of IPG Photonics (NASDAQ:IPGP) from a sell rating to a strong sell rating in a research note published on Saturday morning.
Other equities analysts have also recently issued research reports about the company. Dougherty & Co reiterated a buy rating on shares of IPG Photonics in a research note on Tuesday, August 21st. BidaskClub upgraded IPG Photonics from a hold rating to a buy rating in a research note on Friday, July 20th. Northcoast Research restated a buy rating and set a $208.00 target price on shares of IPG Photonics in a research note on Thursday, August 2nd. DA Davidson decreased their target price on IPG Photonics to $220.00 and set a buy rating for the company in a research note on Wednesday, August 1st. Finally, Stifel Nicolaus decreased their target price on IPG Photonics from $282.00 to $228.00 and set a buy rating for the company in a research note on Wednesday, August 1st. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of Hold and a consensus price target of $223.25.
Shares of IPGP opened at $135.43 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.73 and a quick ratio of 6.94. The stock has a market capitalization of $8.39 billion, a PE ratio of 18.71, a P/E/G ratio of 1.62 and a beta of 1.80. IPG Photonics has a 1 year low of $130.32 and a 1 year high of $264.11.
IPG Photonics (NASDAQ:IPGP) last announced its quarterly earnings data on Tuesday, July 31st. The semiconductor company reported $2.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.01). The company had revenue of $413.61 million during the quarter, compared to analysts’ expectations of $418.61 million. IPG Photonics had a net margin of 25.96% and a return on equity of 21.55%. The business’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.91 EPS. As a group, sell-side analysts expect that IPG Photonics will post 8.02 EPS for the current year.
A number of hedge funds have recently bought and sold shares of IPGP. Summit Trail Advisors LLC lifted its stake in IPG Photonics by 13,274.9% during the first quarter. Summit Trail Advisors LLC now owns 103,923 shares of the semiconductor company’s stock worth $104,000 after purchasing an additional 103,146 shares during the last quarter. Psagot Investment House Ltd. purchased a new stake in IPG Photonics during the second quarter worth approximately $124,000. NumerixS Investment Technologies Inc purchased a new stake in IPG Photonics during the second quarter worth approximately $128,000. Signet Financial Management LLC increased its position in IPG Photonics by 556.7% during the second quarter. Signet Financial Management LLC now owns 683 shares of the semiconductor company’s stock worth $151,000 after buying an additional 579 shares during the period. Finally, Pendal Group Ltd acquired a new position in IPG Photonics during the second quarter worth approximately $162,000. Hedge funds and other institutional investors own 58.36% 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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