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.
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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