IPG Photonics Co. (NASDAQ:IPGP) Receives Consensus Rating of “Hold” from Brokerages

Shares of IPG Photonics Co. (NASDAQ:IPGPGet Rating) have been assigned a consensus rating of “Hold” from the nine ratings firms that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $169.00.

Several equities research analysts have recently issued reports on IPGP shares. Citigroup lowered their price target on IPG Photonics from $157.00 to $146.00 and set a “buy” rating on the stock in a research report on Wednesday, August 3rd. Benchmark decreased their target price on IPG Photonics to $165.00 in a research report on Tuesday, August 9th.

IPG Photonics Stock Performance

Shares of NASDAQ:IPGP opened at $89.45 on Monday. The company has a market cap of $4.49 billion, a P/E ratio of 17.82, a P/E/G ratio of 4.59 and a beta of 1.36. The stock’s 50-day moving average is $97.94 and its 200-day moving average is $104.11. IPG Photonics has a 52-week low of $82.68 and a 52-week high of $180.54.

IPG Photonics (NASDAQ:IPGPGet Rating) last issued its quarterly earnings results on Tuesday, August 2nd. The semiconductor company reported $1.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.04). The business had revenue of $377.02 million during the quarter, compared to analyst estimates of $373.26 million. IPG Photonics had a net margin of 17.91% and a return on equity of 10.31%. The company’s revenue for the quarter was up 1.4% compared to the same quarter last year. During the same period in the prior year, the business posted $1.33 earnings per share. As a group, equities analysts predict that IPG Photonics will post 4.7 EPS for the current year.

Insiders Place Their Bets

In other IPG Photonics news, CFO Timothy Pv Mammen purchased 3,000 shares of the business’s stock in a transaction on Thursday, June 16th. The stock was purchased at an average price of $83.54 per share, for a total transaction of $250,620.00. Following the completion of the purchase, the chief financial officer now directly owns 53,493 shares in the company, valued at $4,468,805.22. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, major shareholder Valentin Gapontsev Trust I sold 5,000 shares of IPG Photonics stock in a transaction that occurred on Wednesday, August 3rd. The shares were sold at an average price of $102.97, for a total value of $514,850.00. Following the completion of the transaction, the insider now owns 7,434,599 shares in the company, valued at $765,540,659.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Timothy Pv Mammen bought 3,000 shares of the business’s stock in a transaction dated Thursday, June 16th. The stock was purchased at an average price of $83.54 per share, with a total value of $250,620.00. Following the purchase, the chief financial officer now directly owns 53,493 shares of the company’s stock, valued at approximately $4,468,805.22. The disclosure for this purchase can be found here. Insiders sold a total of 20,000 shares of company stock worth $1,999,750 over the last quarter. Company insiders own 33.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Arizona State Retirement System increased its holdings in shares of IPG Photonics by 1.9% in the first quarter. Arizona State Retirement System now owns 10,387 shares of the semiconductor company’s stock valued at $1,140,000 after purchasing an additional 190 shares in the last quarter. Stephens Inc. AR increased its holdings in shares of IPG Photonics by 24.8% in the first quarter. Stephens Inc. AR now owns 20,801 shares of the semiconductor company’s stock valued at $2,283,000 after purchasing an additional 4,128 shares in the last quarter. Beaumont Financial Partners LLC increased its holdings in shares of IPG Photonics by 141.9% in the first quarter. Beaumont Financial Partners LLC now owns 3,278 shares of the semiconductor company’s stock valued at $360,000 after purchasing an additional 1,923 shares in the last quarter. Cambiar Investors LLC increased its holdings in shares of IPG Photonics by 1.0% in the first quarter. Cambiar Investors LLC now owns 50,873 shares of the semiconductor company’s stock valued at $5,584,000 after purchasing an additional 515 shares in the last quarter. Finally, Impax Asset Management Group plc increased its holdings in shares of IPG Photonics by 7.9% in the fourth quarter. Impax Asset Management Group plc now owns 978,760 shares of the semiconductor company’s stock valued at $167,664,000 after purchasing an additional 71,414 shares in the last quarter. Institutional investors own 65.21% of the company’s stock.

About IPG Photonics

(Get Rating)

IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include hybrid fiber-solid state lasers with green and ultraviolet wavelengths; 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; and high-power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.

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Analyst Recommendations for IPG Photonics (NASDAQ:IPGP)

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