Brokerages Set IPG Photonics Co. (NASDAQ:IPGP) PT at $185.75

Shares of IPG Photonics Co. (NASDAQ:IPGP) have been assigned an average recommendation of “Hold” from the seventeen research firms that are currently covering the company, MarketBeat reports. Nine equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $185.75.

A number of equities analysts have recently issued reports on the stock. BidaskClub upgraded shares of Zebra Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, July 6th. 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 note on Monday, April 22nd. Canaccord Genuity raised their target price on shares of TELUS from C$51.00 to C$52.00 in a research note on Wednesday, May 1st. Needham & Company LLC restated a “buy” rating and issued a $10.00 target price (down from $15.00) on shares of Nabriva Therapeutics in a research note on Wednesday, May 1st. Finally, ValuEngine downgraded shares of Intersect ENT from a “buy” rating to a “hold” rating in a research note on Monday, July 8th.

In other IPG Photonics news, major shareholder Valentin Gapontsev Trust I sold 10,000 shares of the firm’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $162.59, for a total value of $1,625,900.00. Following the completion of the transaction, the insider now owns 7,555,999 shares of the company’s stock, valued at $1,228,529,877.41. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Thomas J. Burgomaster sold 836 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $157.02, for a total transaction of $131,268.72. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,074 shares of company stock valued at $4,472,833. Corporate insiders own 33.90% of the company’s stock.



Several hedge funds and other institutional investors have recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. raised its position in IPG Photonics by 23.9% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 3,394 shares of the semiconductor company’s stock valued at $385,000 after buying an additional 654 shares during the last quarter. Bank of New York Mellon Corp raised its position in IPG Photonics by 12.7% in the 4th quarter. Bank of New York Mellon Corp now owns 407,522 shares of the semiconductor company’s stock valued at $46,168,000 after buying an additional 45,873 shares during the last quarter. Raymond James & Associates raised its position in IPG Photonics by 9.9% in the 4th quarter. Raymond James & Associates now owns 50,049 shares of the semiconductor company’s stock valued at $5,670,000 after buying an additional 4,524 shares during the last quarter. Bank of Nova Scotia raised its position in IPG Photonics by 5.9% in the 4th quarter. Bank of Nova Scotia now owns 6,717 shares of the semiconductor company’s stock valued at $761,000 after buying an additional 376 shares during the last quarter. Finally, AlphaCrest Capital Management LLC acquired a new stake in IPG Photonics in the 4th quarter valued at approximately $249,000. 64.85% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ IPGP traded up $2.50 during midday trading on Friday, reaching $140.67. 344,927 shares of the company’s stock traded hands, compared to its average volume of 494,477. The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.55 and a current ratio of 8.54. The stock’s 50 day moving average is $139.16. IPG Photonics has a one year low of $104.64 and a one year high of $243.43. The stock has a market cap of $7.34 billion, a P/E ratio of 19.06, a price-to-earnings-growth ratio of 3.13 and a beta of 2.14.

IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings data on Tuesday, April 30th. The semiconductor company reported $1.02 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.02). IPG Photonics had a net margin of 24.94% and a return on equity of 16.09%. The business had revenue of $315.00 million for the quarter, compared to the consensus estimate of $308.75 million. During the same quarter in the prior year, the business posted $1.93 earnings per share. IPG Photonics’s revenue for the quarter was down 12.5% on a year-over-year basis. Equities analysts predict that IPG Photonics will post 5.6 EPS for the current fiscal year.

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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Analyst Recommendations for IPG Photonics (NASDAQ:IPGP)

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