News headlines about IPG Photonics (NASDAQ:IPGP) have trended somewhat positive this week, Accern Sentiment reports. The research firm identifies positive and negative media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. IPG Photonics earned a daily sentiment score of 0.22 on Accern’s scale. Accern also assigned news headlines about the semiconductor company an impact score of 46.6493727412713 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern’s scoring:
IPGP stock traded down $2.19 during mid-day trading on Thursday, reaching $227.58. 303,971 shares of the company’s stock were exchanged, compared to its average volume of 628,134. The company has a market capitalization of $12,397.23, a P/E ratio of 31.35, a P/E/G ratio of 2.29 and a beta of 1.82. The company has a current ratio of 8.82, a quick ratio of 7.27 and a debt-to-equity ratio of 0.02. IPG Photonics has a 12-month low of $116.82 and a 12-month high of $264.11.
IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings results on Friday, February 16th. The semiconductor company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.14. The company had revenue of $361.10 million for the quarter, compared to the consensus estimate of $345.63 million. IPG Photonics had a return on equity of 21.29% and a net margin of 24.67%. IPG Photonics’s revenue for the quarter was up 28.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.39 earnings per share. research analysts predict that IPG Photonics will post 8.33 earnings per share for the current fiscal year.
A number of brokerages have recently commented on IPGP. ValuEngine upgraded IPG Photonics from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research upgraded IPG Photonics from a “hold” rating to a “strong-buy” rating and set a $275.00 target price on the stock in a research note on Thursday, February 22nd. DA Davidson upped their target price on IPG Photonics from $1.86 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Benchmark restated a “buy” rating and issued a $255.00 target price (up previously from $230.00) on shares of IPG Photonics in a research note on Tuesday, February 20th. Finally, Canaccord Genuity upped their target price on IPG Photonics from $210.00 to $235.00 and gave the stock a “hold” rating in a research note on Tuesday, February 20th. Three research analysts have rated the stock with a hold rating, seven have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average target price of $213.60.
In other IPG Photonics news, Director Henry E. Gauthier sold 5,000 shares of the stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $257.52, for a total transaction of $1,287,600.00. Following the transaction, the director now owns 15,104 shares in the company, valued at $3,889,582.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director William S. Hurley sold 3,500 shares of the stock in a transaction that occurred on Wednesday, March 14th. The stock was sold at an average price of $255.93, for a total value of $895,755.00. Following the transaction, the director now owns 14,505 shares in the company, valued at approximately $3,712,264.65. The disclosure for this sale can be found here. Insiders have sold 43,000 shares of company stock worth $10,885,132 in the last quarter. 33.80% of the stock is currently owned by company insiders.
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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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