IPG Photonics (NASDAQ:IPGP) Issues Earnings Results

IPG Photonics (NASDAQ:IPGP) posted its quarterly earnings results on Tuesday. The semiconductor company reported $1.26 EPS for the quarter, beating the consensus estimate of $1.09 by $0.17, Briefing.com reports. IPG Photonics had a return on equity of 7.76% and a net margin of 9.04%. The business had revenue of $345.59 million during the quarter, compared to analysts’ expectations of $324.11 million. During the same period last year, the firm earned $0.68 EPS. The company’s quarterly revenue was up 38.7% compared to the same quarter last year. IPG Photonics updated its Q2 2021 guidance to 1.200-1.500 EPS and its Q2 guidance to $1.20-1.50 EPS.

Shares of IPG Photonics stock traded down $12.65 during midday trading on Tuesday, reaching $198.92. The company had a trading volume of 9,225 shares, compared to its average volume of 288,970. The company has a current ratio of 10.09, a quick ratio of 8.25 and a debt-to-equity ratio of 0.01. IPG Photonics has a 1-year low of $116.46 and a 1-year high of $262.55. The stock has a fifty day simple moving average of $219.51 and a 200 day simple moving average of $218.64. The company has a market capitalization of $10.65 billion, a price-to-earnings ratio of 107.40 and a beta of 1.48.

IPGP has been the subject of several research analyst reports. DA Davidson boosted their price objective on IPG Photonics from $210.00 to $300.00 and gave the company a “buy” rating in a report on Wednesday, February 17th. Zacks Investment Research downgraded IPG Photonics from a “buy” rating to a “hold” rating and set a $229.00 target price for the company. in a research report on Tuesday, January 5th. Benchmark reiterated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, February 17th. Canaccord Genuity increased their price objective on IPG Photonics from $177.00 to $240.00 and gave the company a “hold” rating in a research report on Monday, March 1st. Finally, Needham & Company LLC raised shares of IPG Photonics from a “hold” rating to a “buy” rating and set a $280.00 price target on the stock in a research note on Tuesday, January 19th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $230.75.

In related news, CTO Igor Samartsev sold 500 shares of the stock in a transaction on Thursday, April 1st. The stock was sold at an average price of $213.04, for a total value of $106,520.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Timothy Pv Mammen sold 1,666 shares of IPG Photonics stock in a transaction on Thursday, March 11th. The stock was sold at an average price of $213.70, for a total transaction of $356,024.20. Following the transaction, the chief financial officer now directly owns 46,309 shares of the company’s stock, valued at $9,896,233.30. The disclosure for this sale can be found here. Insiders sold a total of 5,104 shares of company stock worth $1,123,888 over the last quarter. Company insiders own 34.00% of the company’s stock.

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 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; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.

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Earnings History for IPG Photonics (NASDAQ:IPGP)

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