IPG Photonics Co. (NASDAQ:IPGP) Receives Consensus Recommendation of “Hold” from Analysts

IPG Photonics Co. (NASDAQ:IPGP) has been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $69.50.

A number of brokerages have commented on IPGP. StockNews.com downgraded shares of IPG Photonics from a “hold” rating to a “sell” rating in a research report on Wednesday. Stifel Nicolaus set a $72.00 price objective on IPG Photonics in a report on Monday, April 28th. CL King raised IPG Photonics from a “neutral” rating to a “buy” rating and set a $76.00 price target for the company in a report on Tuesday, March 18th. Citigroup dropped their price objective on IPG Photonics from $62.00 to $60.00 and set a “sell” rating on the stock in a report on Tuesday, February 18th. Finally, Needham & Company LLC restated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, February 12th.

IPG Photonics Stock Performance

Shares of IPG Photonics stock opened at $60.15 on Friday. The company’s fifty day moving average is $59.17 and its two-hundred day moving average is $68.54. IPG Photonics has a 1 year low of $48.59 and a 1 year high of $92.21. The company has a market capitalization of $2.57 billion, a P/E ratio of -14.39 and a beta of 0.92.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings data on Tuesday, May 6th. The semiconductor company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.21 by $0.10. The company had revenue of $227.79 million during the quarter, compared to analysts’ expectations of $227.00 million. IPG Photonics had a positive return on equity of 2.98% and a negative net margin of 18.58%. The firm’s revenue for the quarter was down 9.6% on a year-over-year basis. During the same period last year, the firm earned $0.52 EPS. As a group, equities analysts expect that IPG Photonics will post 1.54 earnings per share for the current year.

Institutional Trading of IPG Photonics

Several large investors have recently added to or reduced their stakes in the stock. Larson Financial Group LLC acquired a new position in shares of IPG Photonics during the first quarter worth about $39,000. UMB Bank n.a. boosted its holdings in IPG Photonics by 107.5% in the 1st quarter. UMB Bank n.a. now owns 635 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 329 shares during the period. Versant Capital Management Inc grew its position in IPG Photonics by 56.7% in the fourth quarter. Versant Capital Management Inc now owns 954 shares of the semiconductor company’s stock valued at $69,000 after acquiring an additional 345 shares in the last quarter. Venturi Wealth Management LLC lifted its position in shares of IPG Photonics by 355.7% during the fourth quarter. Venturi Wealth Management LLC now owns 1,048 shares of the semiconductor company’s stock worth $76,000 after purchasing an additional 818 shares in the last quarter. Finally, SRS Capital Advisors Inc. lifted its position in shares of IPG Photonics by 463.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,065 shares of the semiconductor company’s stock worth $77,000 after purchasing an additional 876 shares in the last quarter. 93.79% of the stock is currently owned by institutional investors and hedge funds.

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.