A number of other equities analysts have also issued reports on IPGP. Needham & Company LLC reiterated a buy rating and issued a $10.00 target price (down previously from $15.00) on shares of Nabriva Therapeutics in a research report on Wednesday, May 1st. DA Davidson assumed coverage on shares of Uber Technologies in a research report on Wednesday, May 1st. They issued a neutral rating and a $53.00 target price for the company. Canaccord Genuity increased their target price on shares of TELUS from C$51.00 to C$52.00 in a research report on Wednesday, May 1st. Bank of America upgraded shares of IPG Photonics from a neutral rating to a buy rating and set a $200.00 target price for the company in a research report on Monday, April 22nd. Finally, BidaskClub upgraded shares of Zebra Technologies from a hold rating to a buy rating in a research report on Saturday, July 6th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has an average rating of Hold and an average target price of $185.90.
IPGP stock opened at $138.17 on Monday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.55 and a current ratio of 8.54. IPG Photonics has a fifty-two week low of $104.64 and a fifty-two week high of $243.43. The business has a 50-day moving average price of $138.93. The firm has a market cap of $7.57 billion, a PE ratio of 18.72, a PEG ratio of 3.37 and a beta of 2.14.
In other news, CAO Thomas J. Burgomaster sold 621 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $145.75, for a total transaction of $90,510.75. Following the completion of the transaction, the chief accounting officer now owns 7,577 shares in the company, valued at approximately $1,104,347.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Trevor Ness sold 5,025 shares of the firm’s stock in a transaction dated Thursday, May 2nd. The shares were sold at an average price of $170.22, for a total transaction of $855,355.50. Following the transaction, the senior vice president now owns 25,657 shares of the company’s stock, valued at approximately $4,367,334.54. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,074 shares of company stock valued at $4,472,833. Insiders own 33.90% of the company’s stock.
Institutional investors and hedge funds have recently made changes to their positions in the business. Manchester Capital Management LLC acquired a new position in shares of IPG Photonics in the first quarter worth about $59,000. Stephens Inc. AR boosted its holdings in shares of IPG Photonics by 89.4% in the first quarter. Stephens Inc. AR now owns 498 shares of the semiconductor company’s stock worth $76,000 after buying an additional 235 shares during the period. CSat Investment Advisory L.P. boosted its holdings in shares of IPG Photonics by 133.0% in the fourth quarter. CSat Investment Advisory L.P. now owns 508 shares of the semiconductor company’s stock worth $58,000 after buying an additional 290 shares during the period. First Hawaiian Bank boosted its holdings in shares of IPG Photonics by 68.3% in the first quarter. First Hawaiian Bank now owns 673 shares of the semiconductor company’s stock worth $102,000 after buying an additional 273 shares during the period. Finally, Harel Insurance Investments & Financial Services Ltd. acquired a new position in shares of IPG Photonics in the first quarter worth about $106,000. Institutional investors own 64.85% of the company’s stock.
IPG Photonics Company Profile
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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