IPG Photonics Co. (NASDAQ:IPGP) Given Average Rating of “Moderate Buy” by Analysts

Shares of IPG Photonics Co. (NASDAQ:IPGP) have been assigned an average rating of “Moderate Buy” from the six analysts that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $110.40.

IPGP has been the subject of several research analyst reports. Benchmark reduced their price objective on IPG Photonics from $116.00 to $106.00 and set a “buy” rating for the company in a research note on Wednesday, May 1st. Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a research note on Wednesday, May 1st. Finally, Citigroup reduced their price objective on IPG Photonics from $74.00 to $68.00 and set a “sell” rating for the company in a research note on Thursday, May 2nd.

Insider Transactions at IPG Photonics

In other news, major shareholder Valentin Gapontsev Trust I sold 9,000 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $85.86, for a total transaction of $772,740.00. Following the transaction, the insider now owns 7,200,599 shares of the company’s stock, valued at approximately $618,243,430.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, major shareholder Valentin Gapontsev Trust I sold 9,000 shares of the stock in a transaction dated Tuesday, April 23rd. The stock was sold at an average price of $85.86, for a total transaction of $772,740.00. Following the transaction, the insider now owns 7,200,599 shares of the company’s stock, valued at approximately $618,243,430.14. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Jeanmarie F. Desmond sold 985 shares of the stock in a transaction dated Thursday, May 30th. The shares were sold at an average price of $85.20, for a total value of $83,922.00. Following the transaction, the director now directly owns 4,319 shares in the company, valued at approximately $367,978.80. The disclosure for this sale can be found here. Insiders sold 10,773 shares of company stock valued at $927,030 in the last three months. Corporate insiders own 38.00% of the company’s stock.

Institutional Trading of IPG Photonics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IPGP. VisionPoint Advisory Group LLC grew its holdings in IPG Photonics by 127.2% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 259 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 145 shares during the last quarter. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of IPG Photonics during the 4th quarter worth approximately $40,000. Disciplined Equity Management Inc. acquired a new stake in shares of IPG Photonics during the 4th quarter worth approximately $43,000. Crewe Advisors LLC acquired a new stake in shares of IPG Photonics during the 1st quarter worth approximately $52,000. Finally, AM Squared Ltd grew its holdings in shares of IPG Photonics by 200.0% during the 4th quarter. AM Squared Ltd now owns 600 shares of the semiconductor company’s stock worth $65,000 after purchasing an additional 400 shares in the last quarter. Institutional investors and hedge funds own 93.79% of the company’s stock.

IPG Photonics Price Performance

Shares of IPGP opened at $89.63 on Monday. IPG Photonics has a 12-month low of $80.27 and a 12-month high of $141.85. The stock has a market capitalization of $4.08 billion, a P/E ratio of 23.10 and a beta of 1.01. The firm’s 50 day moving average is $85.98 and its 200-day moving average is $90.44.

IPG Photonics (NASDAQ:IPGP) last announced its earnings results on Tuesday, April 30th. The semiconductor company reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.04. The company had revenue of $252.00 million for the quarter, compared to analyst estimates of $255.53 million. IPG Photonics had a return on equity of 7.67% and a net margin of 15.34%. IPG Photonics’s revenue for the quarter was down 27.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.26 earnings per share. As a group, equities research analysts forecast that IPG Photonics will post 2.77 EPS for the current fiscal year.

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.