News stories about IPG Photonics (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 earned a coverage optimism score of 0.07 on Accern’s scale. Accern also assigned media headlines about the semiconductor company an impact score of 45.9853503900317 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:
IPGP has been the subject of several research analyst reports. Stifel Nicolaus reiterated a “hold” rating and issued a $170.00 price objective (up from $165.00) on shares of IPG Photonics in a report on Friday, September 1st. ValuEngine upgraded IPG Photonics from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. DA Davidson reiterated a “buy” rating and issued a $220.00 price objective on shares of IPG Photonics in a report on Tuesday, October 10th. Zacks Investment Research downgraded IPG Photonics from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $210.00 price objective (up from $182.00) on shares of IPG Photonics in a report on Friday, October 20th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. IPG Photonics currently has an average rating of “Buy” and a consensus target price of $180.33.
IPG Photonics (NASDAQ:IPGP) traded down $2.07 during trading on Friday, hitting $205.26. The company’s stock had a trading volume of 490,667 shares, compared to its average volume of 356,155. The company has a market cap of $10,865.26, a P/E ratio of 29.84, a P/E/G ratio of 1.47 and a beta of 1.70. IPG Photonics has a 1-year low of $95.04 and a 1-year high of $248.23. The company has a current ratio of 9.02, a quick ratio of 7.46 and a debt-to-equity ratio of 0.02.
IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported $2.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.79 by $0.32. The business had revenue of $392.62 million during the quarter, compared to the consensus estimate of $367.27 million. IPG Photonics had a return on equity of 21.17% and a net margin of 27.85%. The business’s quarterly revenue was up 47.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.29 EPS. equities research analysts forecast that IPG Photonics will post 7.01 EPS for the current fiscal year.
In other news, SVP Trevor Ness sold 10,000 shares of IPG Photonics stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $208.17, for a total transaction of $2,081,700.00. Following the transaction, the senior vice president now directly owns 22,906 shares of the company’s stock, valued at approximately $4,768,342.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Eugene A. Shcherbakov sold 9,500 shares of IPG Photonics stock in a transaction dated 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 directly owns 16,957 shares in the company, valued at $3,370,882.03. The disclosure for this sale can be found here. Insiders own 33.80% of the company’s stock.
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About IPG Photonics
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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