Press coverage about IPG Photonics (NASDAQ:IPGP) has been trending somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. IPG Photonics earned a news sentiment score of 0.15 on Accern’s scale. Accern also assigned press coverage about the semiconductor company an impact score of 45.7649927205752 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have impacted Accern’s scoring:
Shares of IPG Photonics (NASDAQ:IPGP) opened at $239.40 on Tuesday. The stock has a market cap of $12,462.47, a P/E ratio of 35.26, a price-to-earnings-growth ratio of 2.54 and a beta of 1.88. IPG Photonics has a 1 year low of $111.51 and a 1 year high of $264.11. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.46 and a current ratio of 9.02.
Several equities analysts have recently weighed in on IPGP shares. BidaskClub downgraded shares of IPG Photonics from a “strong-buy” rating to a “buy” rating in a research note on Saturday, December 2nd. Zacks Investment Research downgraded shares of IPG Photonics from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Needham & Company LLC reiterated a “buy” rating and issued a $210.00 target price (up previously from $182.00) on shares of IPG Photonics in a research note on Friday, October 20th. Benchmark restated a “buy” rating and issued a $230.00 price objective on shares of IPG Photonics in a research report on Wednesday, November 1st. Finally, ValuEngine lowered shares of IPG Photonics from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $196.30.
In other IPG Photonics news, insider Igor Samartsev sold 8,000 shares of the business’s stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $221.59, for a total transaction of $1,772,720.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Trevor Ness sold 10,000 shares of the business’s stock in a transaction on Monday, December 4th. The shares were 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 in the company, valued at $4,768,342.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 49,500 shares of company stock worth $11,979,620. 33.80% of the stock is owned by insiders.
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IPG Photonics 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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