Brokerages Set IPG Photonics Co. (NASDAQ:IPGP) PT at $87.75

Shares of IPG Photonics Co. (NASDAQ:IPGPGet Free Report) have been assigned a consensus recommendation of “Hold” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, one has given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $87.75.

A number of research firms have commented on IPGP. Citigroup cut their price objective on shares of IPG Photonics from $62.00 to $60.00 and set a “sell” rating for the company in a report on Tuesday, February 18th. Northcoast Research cut shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 4th. Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a research note on Wednesday, February 12th. Finally, Stifel Nicolaus dropped their price target on shares of IPG Photonics from $100.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th.

View Our Latest Stock Analysis on IPG Photonics

Institutional Investors Weigh In On IPG Photonics

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Assetmark Inc. raised its stake in IPG Photonics by 28.3% during the 3rd quarter. Assetmark Inc. now owns 1,336 shares of the semiconductor company’s stock worth $99,000 after acquiring an additional 295 shares in the last quarter. State of New Jersey Common Pension Fund D grew its position in IPG Photonics by 28.4% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 28,418 shares of the semiconductor company’s stock worth $2,112,000 after purchasing an additional 6,286 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in IPG Photonics by 5.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 971,043 shares of the semiconductor company’s stock worth $72,168,000 after purchasing an additional 54,166 shares during the last quarter. Aigen Investment Management LP purchased a new position in IPG Photonics during the 3rd quarter worth $350,000. Finally, Victory Capital Management Inc. grew its position in IPG Photonics by 23.8% during the 3rd quarter. Victory Capital Management Inc. now owns 7,205 shares of the semiconductor company’s stock worth $535,000 after purchasing an additional 1,385 shares during the last quarter. 93.79% of the stock is currently owned by institutional investors and hedge funds.

IPG Photonics Stock Performance

NASDAQ:IPGP opened at $63.32 on Friday. IPG Photonics has a one year low of $56.71 and a one year high of $92.21. The firm has a market cap of $2.69 billion, a price-to-earnings ratio of -15.15 and a beta of 1.04. The firm’s fifty day moving average is $67.33 and its two-hundred day moving average is $72.04.

IPG Photonics (NASDAQ:IPGPGet Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). IPG Photonics had a positive return on equity of 2.98% and a negative net margin of 18.58%. As a group, equities research analysts predict that IPG Photonics will post 1.54 earnings per share for the current fiscal year.

About IPG Photonics

(Get Free Report

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. Its 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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