News stories about IPG Photonics Corporation (NASDAQ:IPGP) have been trending somewhat positive this week, Accern Sentiment reports. Accern ranks the sentiment of media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. IPG Photonics Corporation earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned media headlines about the semiconductor company an impact score of 46.5246178381601 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s analysis:
Shares of IPG Photonics Corporation (NASDAQ:IPGP) opened at 208.75 on Friday. The stock has a market capitalization of $11.24 billion, a PE ratio of 34.95 and a beta of 1.68. The company’s 50 day moving average price is $189.03 and its 200-day moving average price is $157.38. IPG Photonics Corporation has a 52 week low of $89.98 and a 52 week high of $211.73.
IPG Photonics Corporation (NASDAQ:IPGP) last posted its quarterly earnings data on Tuesday, August 1st. The semiconductor company reported $1.91 EPS for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.28. IPG Photonics Corporation had a net margin of 26.84% and a return on equity of 19.75%. The business had revenue of $369.37 million for the quarter, compared to analyst estimates of $333.06 million. During the same quarter last year, the business earned $1.25 earnings per share. The business’s revenue for the quarter was up 46.1% on a year-over-year basis. Equities research analysts predict that IPG Photonics Corporation will post $6.66 EPS for the current year.
Several research analysts have issued reports on the company. Needham & Company LLC reissued a “buy” rating and set a $182.00 target price (up previously from $160.00) on shares of IPG Photonics Corporation in a research note on Tuesday, August 1st. Benchmark Co. reissued a “buy” rating and set a $180.00 target price on shares of IPG Photonics Corporation in a research note on Wednesday, August 2nd. Canaccord Genuity lifted their target price on IPG Photonics Corporation from $152.00 to $162.00 and gave the company a “hold” rating in a research note on Wednesday, August 2nd. Stifel Nicolaus lifted their price objective on IPG Photonics Corporation from $135.00 to $145.00 and gave the stock a “hold” rating in a research note on Friday, June 30th. Finally, ValuEngine downgraded IPG Photonics Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Five investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. IPG Photonics Corporation has a consensus rating of “Buy” and a consensus price target of $162.25.
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In related news, SVP Angelo P. Lopresti sold 11,750 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $163.33, for a total transaction of $1,919,127.50. Following the transaction, the senior vice president now owns 49,515 shares in the company, valued at $8,087,284.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Eugene A. Shcherbakov sold 9,500 shares of IPG Photonics Corporation stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $198.79, for a total transaction of $1,888,505.00. Following the completion of the transaction, the senior vice president now owns 16,957 shares in the company, valued at approximately $3,370,882.03. The disclosure for this sale can be found here. Insiders have sold 63,017 shares of company stock worth $10,647,886 in the last quarter. Company insiders own 33.80% of the company’s stock.
About IPG Photonics Corporation
IPG Photonics Corporation is a developer and manufacturer of a line of fiber lasers, fiber amplifiers, diode lasers, laser systems and optical accessories that are used for various applications. The Company offers a line of lasers and amplifiers, which are used in materials processing, communications and medical applications.
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