IPG Photonics Co. (NASDAQ:IPGP) has been assigned a consensus rating of “Buy” from the twelve research firms that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and two have given a strong buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $213.60.
IPGP has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of IPG Photonics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Northcoast Research reaffirmed a “buy” rating and issued a $290.00 price objective on shares of IPG Photonics in a research note on Wednesday, January 31st. BidaskClub raised shares of IPG Photonics from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 5th. Benchmark reaffirmed a “buy” rating and issued a $255.00 price objective (up previously from $230.00) on shares of IPG Photonics in a research note on Tuesday, February 20th. Finally, Needham & Company LLC increased their target price on shares of IPG Photonics from $230.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th.
IPGP stock traded up $0.59 during trading on Friday, reaching $253.22. 118,736 shares of the company were exchanged, compared to its average volume of 682,365. IPG Photonics has a 1 year low of $116.82 and a 1 year high of $264.11. The company has a quick ratio of 7.27, a current ratio of 8.82 and a debt-to-equity ratio of 0.02. The firm has a market cap of $13,374.56, a price-to-earnings ratio of 40.08, a price-to-earnings-growth ratio of 2.46 and a beta of 1.84.
IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings data on Friday, February 16th. The semiconductor company reported $1.86 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.14. IPG Photonics had a net margin of 24.67% and a return on equity of 21.29%. The firm had revenue of $361.10 million during the quarter, compared to analyst estimates of $345.63 million. During the same quarter last year, the business posted $1.39 EPS. The company’s revenue was up 28.9% on a year-over-year basis. equities analysts expect that IPG Photonics will post 8.37 earnings per share for the current year.
In other IPG Photonics news, Director William S. Hurley sold 3,500 shares of the stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $255.93, for a total value of $895,755.00. Following the completion of the sale, the director now owns 14,505 shares in the company, valued at approximately $3,712,264.65. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John R. Peeler sold 2,266 shares of the stock in a transaction that occurred on Monday, March 12th. The stock was sold at an average price of $252.95, for a total transaction of $573,184.70. Following the completion of the sale, the director now owns 9,270 shares of the company’s stock, valued at approximately $2,344,846.50. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,500 shares of company stock valued at $15,095,172. Insiders own 33.80% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. Cambridge Investment Research Advisors Inc. raised its stake in shares of IPG Photonics by 3.8% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 8,489 shares of the semiconductor company’s stock worth $1,818,000 after acquiring an additional 314 shares during the last quarter. Xact Kapitalforvaltning AB bought a new position in shares of IPG Photonics in the fourth quarter valued at about $1,351,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp bought a new position in shares of IPG Photonics in the fourth quarter valued at about $8,257,000. We Are One Seven LLC bought a new position in shares of IPG Photonics in the fourth quarter valued at about $516,000. Finally, Altman Advisors Inc. bought a new position in shares of IPG Photonics in the fourth quarter valued at about $2,418,000. Institutional investors and hedge funds own 57.08% 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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