IPG Photonics Co. (NASDAQ:IPGP) Receives $93.50 Consensus Target Price from Brokerages

Shares of IPG Photonics Co. (NASDAQ:IPGP) have been assigned an average recommendation of “Hold” from the six analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, three have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $93.50.

A number of research firms have recently commented on IPGP. Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Northcoast Research cut shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 4th. Finally, Benchmark reissued a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th.

Institutional Trading of IPG Photonics

Several institutional investors have recently added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. raised its holdings in IPG Photonics by 2.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 999,649 shares of the semiconductor company’s stock valued at $72,694,000 after acquiring an additional 28,606 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of IPG Photonics by 14.5% during the second quarter. Dimensional Fund Advisors LP now owns 996,029 shares of the semiconductor company’s stock worth $84,054,000 after purchasing an additional 125,958 shares during the period. Pacer Advisors Inc. lifted its position in shares of IPG Photonics by 37.2% in the 3rd quarter. Pacer Advisors Inc. now owns 671,025 shares of the semiconductor company’s stock worth $49,871,000 after buying an additional 181,844 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its position in shares of IPG Photonics by 8.9% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 534,833 shares of the semiconductor company’s stock worth $39,749,000 after buying an additional 43,874 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. lifted its position in shares of IPG Photonics by 10.7% in the 2nd quarter. D. E. Shaw & Co. Inc. now owns 479,301 shares of the semiconductor company’s stock worth $40,448,000 after buying an additional 46,252 shares during the last quarter. 93.79% of the stock is owned by institutional investors and hedge funds.

IPG Photonics Stock Up 2.1 %

IPGP opened at $73.53 on Friday. IPG Photonics has a 52-week low of $61.86 and a 52-week high of $104.19. The company has a 50 day moving average of $75.32 and a two-hundred day moving average of $74.81. The company has a market cap of $3.18 billion, a P/E ratio of -21.19 and a beta of 0.96.

IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.10. IPG Photonics had a negative net margin of 14.20% and a positive return on equity of 4.32%. The company had revenue of $233.14 million during the quarter, compared to the consensus estimate of $227.89 million. During the same period in the previous year, the firm earned $1.16 earnings per share. IPG Photonics’s revenue for the quarter was down 22.6% on a year-over-year basis. Research analysts anticipate that IPG Photonics will post 1.51 earnings per share for the current year.

About IPG Photonics

IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. Its laser products include hybrid fiber-solid state lasers with green and ultraviolet wavelengths; 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.