Brokerages Set IPG Photonics Co. (NASDAQ:IPGP) Target Price at $163.13

Shares of IPG Photonics Co. (NASDAQ:IPGP) have earned a consensus recommendation of “Hold” from the fourteen brokerages that are presently covering the company, Marketbeat reports. Eight analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $165.29.

IPGP has been the topic of a number of research reports. DA Davidson dropped their price target on shares of IPG Photonics to $175.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st. ValuEngine raised shares of IPG Photonics from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. Raymond James dropped their price target on shares of IPG Photonics from $204.00 to $190.00 and set a “strong-buy” rating on the stock in a research note on Wednesday, July 31st. Susquehanna Bancshares set a $127.00 price target on shares of IPG Photonics and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Finally, Needham & Company LLC downgraded shares of IPG Photonics from a “buy” rating to a “hold” rating in a research note on Monday, October 14th.

Shares of IPGP traded up $1.99 during mid-day trading on Monday, reaching $136.75. The company’s stock had a trading volume of 385,942 shares, compared to its average volume of 472,029. The business has a fifty day moving average of $133.85 and a 200 day moving average of $140.36. The company has a market cap of $7.17 billion, a price-to-earnings ratio of 18.53, a price-to-earnings-growth ratio of 3.84 and a beta of 2.18. IPG Photonics has a 1 year low of $104.64 and a 1 year high of $182.17. The company has a quick ratio of 6.47, a current ratio of 8.38 and a debt-to-equity ratio of 0.02.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings results on Tuesday, July 30th. The semiconductor company reported $1.34 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.41 by ($0.07). IPG Photonics had a return on equity of 13.68% and a net margin of 22.23%. The company had revenue of $363.80 million during the quarter, compared to analyst estimates of $352.31 million. During the same period last year, the company posted $2.21 earnings per share. The company’s revenue was down 12.0% compared to the same quarter last year. On average, analysts predict that IPG Photonics will post 4.78 earnings per share for the current year.

In other IPG Photonics news, insider Igor Samartsev sold 800 shares of the stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $130.01, for a total transaction of $104,008.00. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 33.90% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. Pinebridge Investments L.P. increased its position in IPG Photonics by 1.1% during the second quarter. Pinebridge Investments L.P. now owns 7,373 shares of the semiconductor company’s stock worth $1,137,000 after buying an additional 83 shares during the last quarter. Flinton Capital Management LLC grew its position in shares of IPG Photonics by 7.6% in the second quarter. Flinton Capital Management LLC now owns 2,272 shares of the semiconductor company’s stock valued at $350,000 after purchasing an additional 160 shares during the last quarter. Garrison Asset Management LLC grew its position in shares of IPG Photonics by 1.0% in the second quarter. Garrison Asset Management LLC now owns 17,577 shares of the semiconductor company’s stock valued at $2,711,000 after purchasing an additional 167 shares during the last quarter. Meeder Asset Management Inc. grew its position in shares of IPG Photonics by 222.1% in the third quarter. Meeder Asset Management Inc. now owns 277 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 191 shares during the last quarter. Finally, Janney Montgomery Scott LLC grew its position in shares of IPG Photonics by 3.8% in the second quarter. Janney Montgomery Scott LLC now owns 5,260 shares of the semiconductor company’s stock valued at $811,000 after purchasing an additional 194 shares during the last quarter. 64.22% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for IPG Photonics (NASDAQ:IPGP)

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