IPG Photonics Corporation (NASDAQ:IPGP) – Stock analysts at DA Davidson upped their FY2017 earnings per share (EPS) estimates for IPG Photonics Corporation in a research note issued on Tuesday, according to Zacks Investment Research. DA Davidson analyst T. Diffely now anticipates that the semiconductor company will post earnings per share of $7.05 for the year, up from their prior forecast of $6.65. DA Davidson currently has a “Buy” rating and a $235.00 price target on the stock. DA Davidson also issued estimates for IPG Photonics Corporation’s Q4 2017 earnings at $1.65 EPS, Q1 2018 earnings at $1.65 EPS, Q2 2018 earnings at $1.86 EPS, Q3 2018 earnings at $2.01 EPS, Q4 2018 earnings at $1.68 EPS, Q1 2019 earnings at $1.82 EPS, Q2 2019 earnings at $1.96 EPS and Q3 2019 earnings at $2.27 EPS.
IPG Photonics Corporation (NASDAQ:IPGP) last issued its earnings results on Tuesday, October 31st. The semiconductor company reported $2.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.79 by $0.32. The business had revenue of $392.62 million for the quarter, compared to analyst estimates of $367.27 million. IPG Photonics Corporation had a net margin of 27.85% and a return on equity of 21.17%. The company’s revenue for the quarter was up 47.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.29 EPS. ILLEGAL ACTIVITY WARNING: “DA Davidson Analysts Boost Earnings Estimates for IPG Photonics Corporation (NASDAQ:IPGP)” was first posted by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of United States and international trademark and copyright law. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2017/11/12/fy2017-earnings-forecast-for-ipg-photonics-corporation-issued-by-da-davidson-ipgp.html.
Several other equities research analysts have also commented on IPGP. Needham & Company LLC raised their price target on shares of IPG Photonics Corporation from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. They noted that the move was a valuation call. Benchmark Co. reiterated a “buy” rating and issued a $230.00 price objective on shares of IPG Photonics Corporation in a report on Wednesday, November 1st. Canaccord Genuity raised their target price on shares of IPG Photonics Corporation from $152.00 to $162.00 and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of IPG Photonics Corporation from a “hold” rating to a “strong-buy” rating and set a $240.00 target price for the company in a report on Friday, October 27th. Finally, ValuEngine cut shares of IPG Photonics Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Four equities research 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 stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $180.33.
Shares of IPG Photonics Corporation (IPGP) opened at $223.53 on Thursday. IPG Photonics Corporation has a 12 month low of $93.38 and a 12 month high of $224.47. The company has a market cap of $11,984.78, a P/E ratio of 32.92, a price-to-earnings-growth ratio of 1.64 and a beta of 1.68. The company has a quick ratio of 7.46, a current ratio of 9.02 and a debt-to-equity ratio of 0.02.
A number of hedge funds and other institutional investors have recently bought and sold shares of IPGP. Axiom International Investors LLC DE bought a new position in shares of IPG Photonics Corporation in the third quarter worth about $1,571,000. JPMorgan Chase & Co. raised its stake in shares of IPG Photonics Corporation by 41.6% during the third quarter. JPMorgan Chase & Co. now owns 462,817 shares of the semiconductor company’s stock worth $85,010,000 after buying an additional 136,082 shares during the last quarter. Virginia Retirement Systems ET AL raised its stake in shares of IPG Photonics Corporation by 126.3% during the third quarter. Virginia Retirement Systems ET AL now owns 17,200 shares of the semiconductor company’s stock worth $3,183,000 after buying an additional 9,600 shares during the last quarter. Legal & General Group Plc raised its stake in shares of IPG Photonics Corporation by 12.7% during the third quarter. Legal & General Group Plc now owns 32,371 shares of the semiconductor company’s stock worth $5,991,000 after buying an additional 3,645 shares during the last quarter. Finally, Fernwood Investment Management LLC acquired a new position in IPG Photonics Corporation during the third quarter valued at approximately $816,000. Institutional investors own 58.79% of the company’s stock.
In related news, SVP Eugene A. Shcherbakov sold 9,500 shares of IPG Photonics Corporation stock in a transaction on Monday, October 16th. The shares were sold at an average price of $198.79, for a total value of $1,888,505.00. Following the transaction, the senior vice president now owns 16,957 shares in the company, valued at approximately $3,370,882.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Timothy Pv Mammen sold 11,600 shares of IPG Photonics Corporation stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $166.98, for a total transaction of $1,936,968.00. Following the completion of the transaction, the chief financial officer now owns 42,700 shares in the company, valued at approximately $7,130,046. The disclosure for this sale can be found here. Insiders have sold a total of 29,267 shares of company stock worth $5,176,458 in the last 90 days. 33.80% of the stock is owned by insiders.
IPG Photonics Corporation Company Profile
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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