IPG Photonics (IPGP) Downgraded by ValuEngine to Sell

ValuEngine downgraded shares of IPG Photonics (NASDAQ:IPGP) from a hold rating to a sell rating in a research report sent to investors on Friday morning.

Several other research firms have also weighed in on IPGP. BidaskClub upgraded shares of IPG Photonics from a sell rating to a hold rating in a research report on Wednesday, September 5th. Dougherty & Co restated a buy rating on shares of IPG Photonics in a research report on Tuesday, August 21st. Raymond James upgraded shares of IPG Photonics from a market perform rating to a strong-buy rating in a research report on Friday, September 21st. Longbow Research downgraded IPG Photonics from a buy rating to a neutral rating in a research report on Friday, September 28th. Finally, Benchmark cut their target price on shares of IPG Photonics from $170.00 to $162.00 and set a buy rating for the company in a research report on Wednesday, October 31st. Three analysts have rated the stock with a sell rating, six have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. IPG Photonics presently has a consensus rating of Hold and a consensus price target of $212.11.

Shares of NASDAQ IPGP traded down $7.03 during trading on Friday, hitting $124.35. The stock had a trading volume of 562,795 shares, compared to its average volume of 523,766. IPG Photonics has a 12 month low of $107.59 and a 12 month high of $264.11. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.64 and a quick ratio of 6.81. The firm has a market cap of $7.02 billion, a price-to-earnings ratio of 17.13, a PEG ratio of 1.92 and a beta of 1.76.

IPG Photonics (NASDAQ:IPGP) last posted its earnings results on Tuesday, October 30th. The semiconductor company reported $1.84 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.85 by ($0.01). The firm had revenue of $356.35 million during the quarter, compared to the consensus estimate of $355.48 million. IPG Photonics had a return on equity of 20.30% and a net margin of 25.58%. The business’s revenue was down 9.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.11 EPS. On average, research analysts anticipate that IPG Photonics will post 7.41 EPS for the current fiscal year.

In other news, CAO Thomas J. Burgomaster sold 294 shares of the company’s stock in a transaction dated Sunday, December 2nd. The shares were sold at an average price of $93.70, for a total transaction of $27,547.80. Following the completion of the transaction, the chief accounting officer now owns 6,037 shares of the company’s stock, valued at $565,666.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Thomas J. Burgomaster sold 637 shares of the company’s stock in a transaction dated Sunday, November 11th. The shares were sold at an average price of $90.85, for a total transaction of $57,871.45. Following the transaction, the chief accounting officer now directly owns 6,037 shares of the company’s stock, valued at approximately $548,461.45. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,131 shares of company stock valued at $103,915. Company insiders own 33.80% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Migdal Insurance & Financial Holdings Ltd. raised its position in IPG Photonics by 205.3% in the third quarter. Migdal Insurance & Financial Holdings Ltd. now owns 638 shares of the semiconductor company’s stock worth $100,000 after purchasing an additional 429 shares in the last quarter. Rehmann Capital Advisory Group grew its stake in IPG Photonics by 15,080.9% during the third quarter. Rehmann Capital Advisory Group now owns 16,699 shares of the semiconductor company’s stock worth $107,000 after buying an additional 16,589 shares during the last quarter. NumerixS Investment Technologies Inc bought a new stake in IPG Photonics during the second quarter worth about $128,000. Signet Financial Management LLC grew its stake in IPG Photonics by 556.7% during the second quarter. Signet Financial Management LLC now owns 683 shares of the semiconductor company’s stock worth $151,000 after buying an additional 579 shares during the last quarter. Finally, Centaurus Financial Inc. bought a new stake in IPG Photonics during the second quarter worth about $177,000. 59.16% of the stock is owned by institutional investors and hedge funds.

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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