StockNews.com Lowers IPG Photonics (NASDAQ:IPGP) to Hold

StockNews.com cut shares of IPG Photonics (NASDAQ:IPGPFree Report) from a buy rating to a hold rating in a report released on Wednesday morning.

IPGP has been the subject of a number of other research reports. Seaport Res Ptn reaffirmed a buy rating on shares of IPG Photonics in a report on Thursday, January 25th. Stifel Nicolaus raised their target price on IPG Photonics from $120.00 to $130.00 and gave the company a buy rating in a research report on Tuesday, January 2nd. Finally, Bank of America dropped their target price on IPG Photonics from $107.00 to $93.00 in a research report on Wednesday, October 11th. Three research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of Moderate Buy and an average target price of $127.00.

View Our Latest Stock Report on IPGP

IPG Photonics Trading Down 1.6 %

Shares of NASDAQ IPGP opened at $97.89 on Wednesday. IPG Photonics has a 12 month low of $83.00 and a 12 month high of $141.85. The company has a 50 day simple moving average of $101.73 and a two-hundred day simple moving average of $102.22. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 53.79, a PEG ratio of 9.37 and a beta of 1.28.

IPG Photonics (NASDAQ:IPGPGet Free Report) last announced its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $1.16 EPS for the quarter, beating the consensus estimate of $1.01 by $0.15. IPG Photonics had a net margin of 6.40% and a return on equity of 3.56%. The business had revenue of $301.40 million during the quarter, compared to analysts’ expectations of $316.13 million. During the same period in the previous year, the business posted $1.47 EPS. The business’s quarterly revenue was down 13.6% compared to the same quarter last year. Analysts forecast that IPG Photonics will post 4.68 EPS for the current year.

Insider Activity

In related news, Director Eric Meurice sold 629 shares of IPG Photonics stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $100.00, for a total value of $62,900.00. Following the sale, the director now directly owns 16,491 shares in the company, valued at approximately $1,649,100. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, major shareholder Valentin Gapontsev Trust I sold 8,250 shares of IPG Photonics stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $99.48, for a total value of $820,710.00. Following the sale, the insider now directly owns 7,229,599 shares in the company, valued at approximately $719,200,508.52. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Eric Meurice sold 629 shares of IPG Photonics stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $100.00, for a total value of $62,900.00. Following the completion of the sale, the director now owns 16,491 shares in the company, valued at $1,649,100. The disclosure for this sale can be found here. Insiders have sold 26,164 shares of company stock worth $2,497,423 in the last ninety days. Company insiders own 33.50% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Huntington National Bank lifted its stake in IPG Photonics by 105.0% in the 2nd quarter. Huntington National Bank now owns 205 shares of the semiconductor company’s stock worth $28,000 after purchasing an additional 105 shares in the last quarter. VisionPoint Advisory Group LLC lifted its stake in IPG Photonics by 127.2% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 259 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 145 shares in the last quarter. Point72 Middle East FZE purchased a new position in IPG Photonics in the 4th quarter worth approximately $28,000. AM Squared Ltd purchased a new position in IPG Photonics in the 2nd quarter worth approximately $54,000. Finally, Assetmark Inc. lifted its stake in IPG Photonics by 39.4% in the 3rd quarter. Assetmark Inc. now owns 612 shares of the semiconductor company’s stock worth $62,000 after purchasing an additional 173 shares in the last quarter. 59.07% of the stock is owned by hedge funds and other institutional investors.

About IPG Photonics

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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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