IPG Photonics Co. (NASDAQ:IPGP) – Equities researchers at Northcoast Research increased their Q2 2018 EPS estimates for IPG Photonics in a report issued on Tuesday. Northcoast Research analyst T. Hayes now forecasts that the semiconductor company will earn $2.23 per share for the quarter, up from their prior estimate of $2.14. Northcoast Research has a “Buy” rating and a $290.00 price objective on the stock. Northcoast Research also issued estimates for IPG Photonics’ Q3 2018 earnings at $2.38 EPS, Q4 2018 earnings at $2.10 EPS, FY2018 earnings at $8.56 EPS and Q4 2019 earnings at $2.46 EPS.
Other research analysts also recently issued research reports about the company. DA Davidson upped their target price on IPG Photonics from $1.86 to $275.00 and gave the stock a “buy” rating in a report on Wednesday. Needham & Company LLC upped their price target on IPG Photonics from $230.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Canaccord Genuity upped their price target on IPG Photonics from $210.00 to $235.00 and gave the stock a “hold” rating in a research note on Tuesday. Benchmark restated a “buy” rating and issued a $255.00 price target (up previously from $230.00) on shares of IPG Photonics in a research note on Tuesday. Finally, Zacks Investment Research upgraded IPG Photonics from a “hold” rating to a “strong-buy” rating and set a $240.00 price target on the stock in a research note on Friday, October 27th. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $210.10.
IPG Photonics (NASDAQ IPGP) opened at $239.09 on Wednesday. IPG Photonics has a twelve month low of $116.02 and a twelve month high of $264.11. The company has a current ratio of 8.82, a quick ratio of 7.27 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $12,833.50, a P/E ratio of 37.59, a price-to-earnings-growth ratio of 2.62 and a beta of 1.88.
IPG Photonics (NASDAQ:IPGP) last posted its earnings results on Friday, February 16th. The semiconductor company reported $1.86 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.14. IPG Photonics had a return on equity of 21.29% and a net margin of 24.67%. The firm had revenue of $361.10 million for the quarter, compared to the consensus estimate of $345.63 million. During the same quarter in the prior year, the business earned $1.39 EPS. The business’s revenue for the quarter was up 28.9% on a year-over-year basis.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of IPG Photonics by 20.1% during the 4th quarter. BlackRock Inc. now owns 3,874,614 shares of the semiconductor company’s stock valued at $829,672,000 after buying an additional 648,145 shares during the period. Harding Loevner LP lifted its holdings in shares of IPG Photonics by 86.6% during the 3rd quarter. Harding Loevner LP now owns 2,825,425 shares of the semiconductor company’s stock valued at $167,055,000 after buying an additional 1,311,384 shares during the period. Eagle Asset Management Inc. lifted its holdings in shares of IPG Photonics by 3.1% during the 4th quarter. Eagle Asset Management Inc. now owns 771,707 shares of the semiconductor company’s stock valued at $167,036,000 after buying an additional 22,959 shares during the period. Carillon Tower Advisers Inc. bought a new position in shares of IPG Photonics during the 4th quarter valued at $134,367,000. Finally, BRILLIANCE ASSET MANAGEMENT Ltd lifted its holdings in shares of IPG Photonics by 14.2% during the 4th quarter. BRILLIANCE ASSET MANAGEMENT Ltd now owns 607,405 shares of the semiconductor company’s stock valued at $130,064,000 after buying an additional 75,594 shares during the period. 57.33% of the stock is currently owned by hedge funds and other institutional investors.
In other IPG Photonics news, SVP Trevor Ness sold 10,000 shares of the stock in a transaction on 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 sale, the senior vice president now directly owns 22,906 shares in the company, valued at approximately $4,768,342.02. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Igor Samartsev sold 8,000 shares of the stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $221.59, for a total value of $1,772,720.00. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 49,500 shares of company stock worth $11,979,620. Company 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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