IPG Photonics Corporation (NASDAQ:IPGP) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of IPG Photonics Corporation (NASDAQ:IPGP) have been assigned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $137.1667.

Several equities research analysts recently commented on IPGP shares. Citigroup raised their target price on IPG Photonics from $105.00 to $150.00 and gave the stock a “buy” rating in a research note on Wednesday, May 6th. Roth Capital restated a “buy” rating and set a $151.00 price target on shares of IPG Photonics in a report on Tuesday, May 19th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of IPG Photonics in a research report on Wednesday, June 24th. Wall Street Zen lowered shares of IPG Photonics from a “buy” rating to a “hold” rating in a research note on Saturday, May 9th. Finally, Zacks Research downgraded shares of IPG Photonics from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 4th.

Insiders Place Their Bets

In other IPG Photonics news, Director Tang Agnes sold 1,511 shares of IPG Photonics stock in a transaction on Monday, June 22nd. The shares were sold at an average price of $117.85, for a total value of $178,071.35. Following the completion of the sale, the director directly owned 9,588 shares of the company’s stock, valued at approximately $1,129,945.80. The trade was a 13.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Eugene A. Scherbakov sold 1,524 shares of the stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $101.55, for a total transaction of $154,762.20. Following the transaction, the director directly owned 49,734 shares in the company, valued at $5,050,487.70. This trade represents a 2.97% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 136,716 shares of company stock valued at $14,277,206. 37.50% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On IPG Photonics

Institutional investors have recently modified their holdings of the company. Caitong International Asset Management Co. Ltd increased its stake in IPG Photonics by 184.4% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 455 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 295 shares in the last quarter. Rockefeller Capital Management L.P. increased its position in shares of IPG Photonics by 43.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 552 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 166 shares in the last quarter. Global Retirement Partners LLC increased its position in shares of IPG Photonics by 428.9% during the fourth quarter. Global Retirement Partners LLC now owns 677 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 549 shares in the last quarter. Hantz Financial Services Inc. raised its holdings in shares of IPG Photonics by 332.9% in the 4th quarter. Hantz Financial Services Inc. now owns 684 shares of the semiconductor company’s stock worth $49,000 after acquiring an additional 526 shares during the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of IPG Photonics by 348.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 744 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 578 shares during the last quarter. 93.79% of the stock is owned by institutional investors and hedge funds.

IPG Photonics Trading Up 2.5%

Shares of IPGP opened at $87.20 on Tuesday. The firm’s fifty day simple moving average is $106.75 and its two-hundred day simple moving average is $111.58. IPG Photonics has a 12 month low of $71.35 and a 12 month high of $155.82. The stock has a market capitalization of $3.70 billion, a P/E ratio of 126.38, a price-to-earnings-growth ratio of 2.47 and a beta of 0.96.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings data on Tuesday, May 5th. The semiconductor company reported $0.29 earnings per share for the quarter, missing the consensus estimate of $0.32 by ($0.03). IPG Photonics had a return on equity of 2.84% and a net margin of 2.78%.The business had revenue of $265.50 million during the quarter, compared to the consensus estimate of $256.99 million. During the same period last year, the business posted $0.09 earnings per share. The business’s revenue was up 16.5% on a year-over-year basis. As a group, research analysts predict that IPG Photonics will post 1.66 EPS for the current fiscal year.

About IPG Photonics

IPG Photonics Corporation is a global leader in the design and manufacture of high-performance fiber lasers and amplifiers used in industrial, medical, scientific, and telecommunications applications. The company’s core products include ytterbium and erbium fiber lasers, diode lasers, and fiber amplifiers that deliver high power and efficiency for precision cutting, welding, marking, and engraving. IPG’s systems are engineered to optimize process speed, reliability, and energy consumption, making them a preferred choice for advanced manufacturing environments.

In addition to stand-alone laser sources, IPG offers turnkey laser systems and integrated solutions tailored to sectors such as automotive, electronics, aerospace, additive manufacturing, and life sciences.