Headlines about IPG Photonics (NASDAQ:IPGP) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. IPG Photonics earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned press coverage about the semiconductor company an impact score of 45.9853503900317 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
IPGP has been the subject of several recent research reports. BidaskClub lowered IPG Photonics from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd. ValuEngine lowered IPG Photonics from a “buy” rating to a “hold” rating in a report on Friday, December 1st. DA Davidson increased their price objective on IPG Photonics to $235.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. Needham & Company LLC increased their price objective on IPG Photonics from $210.00 to $230.00 and gave the stock a “buy” rating in a report on Wednesday, November 1st. They noted that the move was a valuation call. Finally, Benchmark reiterated a “buy” rating and set a $230.00 price objective on shares of IPG Photonics in a report on Wednesday, November 1st. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $180.33.
IPG Photonics (NASDAQ:IPGP) traded up $2.52 during midday trading on Friday, reaching $208.06. The company’s stock had a trading volume of 752,982 shares, compared to its average volume of 666,612. IPG Photonics has a one year low of $95.04 and a one 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. The company has a market capitalization of $11,200.00, a price-to-earnings ratio of 30.64, a P/E/G ratio of 2.48 and a beta of 1.70.
IPG Photonics (NASDAQ:IPGP) last posted its earnings results on Tuesday, October 31st. The semiconductor company reported $2.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.79 by $0.32. IPG Photonics had a return on equity of 21.17% and a net margin of 27.85%. The company had revenue of $392.62 million for the quarter, compared to analyst estimates of $367.27 million. During the same period last year, the company earned $1.29 earnings per share. The business’s revenue was up 47.6% compared to the same quarter last year. analysts forecast that IPG Photonics will post 6.99 earnings per share for the current fiscal year.
In other news, SVP Trevor Ness sold 10,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $208.17, for a total value of $2,081,700.00. Following the sale, the senior vice president now directly owns 22,906 shares of the company’s stock, valued at $4,768,342.02. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Eugene A. Shcherbakov sold 9,500 shares of the firm’s 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 completion of the sale, 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. 33.80% of the stock is owned by company insiders.
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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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