IPG Photonics (NASDAQ:IPGP) Price Target Lowered to $85.00 at Stifel Nicolaus

IPG Photonics (NASDAQ:IPGP) had its price target trimmed by Stifel Nicolaus from $100.00 to $85.00 in a report published on Wednesday,Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

A number of other brokerages also recently commented on IPGP. Needham & Company LLC restated a “hold” rating on shares of IPG Photonics in a report on Wednesday. Benchmark reissued a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Finally, Northcoast Research cut shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, four have given a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $89.75.

IPG Photonics Trading Down 1.2 %

IPGP stock opened at $62.97 on Wednesday. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of -18.15 and a beta of 0.95. The firm’s 50-day moving average price is $73.74 and its two-hundred day moving average price is $73.47. IPG Photonics has a 12-month low of $60.72 and a 12-month high of $101.94.

IPG Photonics (NASDAQ:IPGP) last posted its earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.05). IPG Photonics had a positive return on equity of 4.32% and a negative net margin of 14.20%. Equities analysts predict that IPG Photonics will post 1.47 EPS for the current year.

Institutional Investors Weigh In On IPG Photonics

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Jane Street Group LLC boosted its holdings in shares of IPG Photonics by 100.4% during the 3rd quarter. Jane Street Group LLC now owns 21,771 shares of the semiconductor company’s stock valued at $1,618,000 after buying an additional 10,906 shares in the last quarter. Barclays PLC lifted its position in IPG Photonics by 42.5% during the 3rd quarter. Barclays PLC now owns 38,787 shares of the semiconductor company’s stock valued at $2,883,000 after acquiring an additional 11,562 shares during the period. Disciplined Growth Investors Inc. MN boosted its stake in IPG Photonics by 8.9% during the third quarter. Disciplined Growth Investors Inc. MN now owns 534,833 shares of the semiconductor company’s stock worth $39,749,000 after acquiring an additional 43,874 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in IPG Photonics by 22.7% in the third quarter. JPMorgan Chase & Co. now owns 151,142 shares of the semiconductor company’s stock worth $11,233,000 after purchasing an additional 28,003 shares during the period. Finally, Quantbot Technologies LP increased its stake in shares of IPG Photonics by 57.7% during the third quarter. Quantbot Technologies LP now owns 23,253 shares of the semiconductor company’s stock valued at $1,728,000 after purchasing an additional 8,507 shares in the last quarter. 93.79% of the stock is owned by hedge funds and other institutional investors.

IPG Photonics Company Profile

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.