Media coverage about IPG Photonics (NASDAQ:IPGP) has been trending somewhat positive on Saturday, according to Accern Sentiment Analysis. Accern identifies negative and positive media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. IPG Photonics earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave press coverage about the semiconductor company an impact score of 46.2241216713717 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
Several analysts have issued reports on the stock. Zacks Investment Research lowered shares of IPG Photonics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Northcoast Research reissued a “buy” rating and issued a $290.00 price target 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 reiterated a “buy” rating and set a $255.00 price target (up previously from $230.00) on shares of IPG Photonics in a report on Tuesday, February 20th. Finally, Needham & Company LLC lifted their price target on shares of IPG Photonics from $230.00 to $280.00 and gave the stock a “buy” rating in a research note on Wednesday, January 24th. Three analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have given a strong buy rating to the company’s stock. IPG Photonics presently has an average rating of “Buy” and a consensus price target of $213.60.
IPG Photonics stock traded down $6.52 during trading hours on Friday, hitting $222.47. The company had a trading volume of 343,824 shares, compared to its average volume of 502,732. The stock has a market cap of $12,378.31, a price-to-earnings ratio of 30.64, a price-to-earnings-growth ratio of 2.29 and a beta of 1.82. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.82 and a quick ratio of 7.27. IPG Photonics has a 1 year low of $116.82 and a 1 year high of $264.11.
IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings results on Friday, February 16th. The semiconductor company reported $1.86 EPS for the quarter, beating the consensus estimate of $1.72 by $0.14. The business had revenue of $361.10 million during the quarter, compared to analyst estimates of $345.63 million. IPG Photonics had a net margin of 24.67% and a return on equity of 21.29%. The company’s quarterly revenue was up 28.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.39 EPS. research analysts expect that IPG Photonics will post 8.33 earnings per share for the current year.
In related news, SVP Eugene A. Shcherbakov sold 9,500 shares of the firm’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $256.56, for a total transaction of $2,437,320.00. Following the completion of the sale, the senior vice president now directly owns 16,957 shares in the company, valued at $4,350,487.92. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Timothy Pv Mammen sold 12,500 shares of the stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $243.41, for a total transaction of $3,042,625.00. Following the transaction, the chief financial officer now directly owns 38,040 shares of the company’s stock, valued at approximately $9,259,316.40. The disclosure for this sale can be found here. Insiders sold a total of 52,500 shares of company stock worth $13,322,452 over the last ninety days. Insiders own 33.80% of the company’s stock.
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About IPG Photonics
IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include low, medium, and high power lasers; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; laser diode chips and packaged laser diodes; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.
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