IPGP has been the topic of several other reports. Canaccord Genuity set a $150.00 target price on IPG Photonics and gave the stock a hold rating in a report on Wednesday, July 31st. Susquehanna Bancshares set a $127.00 price target on IPG Photonics and gave the company a hold rating in a report on Wednesday, July 31st. ValuEngine upgraded IPG Photonics from a hold rating to a buy rating in a research report on Thursday, September 5th. Raymond James dropped their price objective on shares of IPG Photonics from $204.00 to $190.00 and set a strong-buy rating on the stock in a research note on Wednesday, July 31st. Finally, DA Davidson cut their target price on shares of IPG Photonics to $175.00 and set a buy rating for the company in a report on Wednesday, July 31st. Eight analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. IPG Photonics currently has an average rating of Buy and a consensus price target of $171.67.
Shares of IPG Photonics stock opened at $142.77 on Friday. The stock has a market cap of $7.60 billion, a PE ratio of 19.35, a price-to-earnings-growth ratio of 3.85 and a beta of 2.16. The firm has a fifty day moving average price of $125.84 and a 200 day moving average price of $143.93. IPG Photonics has a 1 year low of $104.64 and a 1 year high of $182.17. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.38 and a quick ratio of 6.47.
IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings results on Tuesday, July 30th. The semiconductor company reported $1.34 EPS for the quarter, missing the consensus estimate of $1.41 by ($0.07). The business had revenue of $363.80 million during the quarter, compared to analysts’ expectations of $352.31 million. IPG Photonics had a net margin of 22.23% and a return on equity of 13.68%. IPG Photonics’s revenue for the quarter was down 12.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.21 earnings per share. As a group, equities analysts expect that IPG Photonics will post 4.71 EPS for the current year.
In other IPG Photonics news, insider Igor Samartsev sold 800 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $130.01, for a total transaction of $104,008.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Thomas J. Burgomaster sold 621 shares of the company’s stock in a transaction on Friday, June 21st. The stock was sold at an average price of $145.75, for a total transaction of $90,510.75. Following the transaction, the chief accounting officer now owns 7,577 shares of the company’s stock, valued at $1,104,347.75. The disclosure for this sale can be found here. Insiders have sold 13,049 shares of company stock worth $1,957,905 in the last quarter. 33.90% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in IPGP. Vanguard Group Inc. raised its holdings in shares of IPG Photonics by 1.3% during the second quarter. Vanguard Group Inc. now owns 3,762,010 shares of the semiconductor company’s stock valued at $580,290,000 after acquiring an additional 48,004 shares during the last quarter. First Eagle Investment Management LLC boosted its stake in shares of IPG Photonics by 7.3% in the first quarter. First Eagle Investment Management LLC now owns 1,627,820 shares of the semiconductor company’s stock worth $247,071,000 after acquiring an additional 110,989 shares during the last quarter. Invesco Ltd. increased its position in shares of IPG Photonics by 108.8% during the second quarter. Invesco Ltd. now owns 1,344,571 shares of the semiconductor company’s stock worth $207,400,000 after purchasing an additional 700,721 shares in the last quarter. Pictet Asset Management Ltd. increased its position in shares of IPG Photonics by 4.6% during the second quarter. Pictet Asset Management Ltd. now owns 971,975 shares of the semiconductor company’s stock worth $149,927,000 after purchasing an additional 42,970 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in IPG Photonics by 1.3% in the 1st quarter. Lazard Asset Management LLC now owns 828,820 shares of the semiconductor company’s stock valued at $125,797,000 after purchasing an additional 10,637 shares during the last quarter. Institutional investors and hedge funds own 65.32% of the company’s stock.
About IPG Photonics
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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