IPG Photonics Co. (NASDAQ:IPGP) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of IPG Photonics Co. (NASDAQ:IPGP) have been given a consensus rating of “Moderate Buy” by the six ratings firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $93.40.

Several analysts have issued reports on IPGP shares. Raymond James cut their price target on shares of IPG Photonics from $127.00 to $100.00 and set a “strong-buy” rating for the company in a research report on Wednesday, July 31st. Benchmark cut IPG Photonics from a “buy” rating to a “hold” rating in a report on Wednesday, July 31st. Finally, Stifel Nicolaus decreased their price target on IPG Photonics from $115.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday, July 31st.

Institutional Investors Weigh In On IPG Photonics

Large investors have recently made changes to their positions in the business. Crewe Advisors LLC purchased a new stake in IPG Photonics in the first quarter worth $52,000. Mather Group LLC. purchased a new stake in shares of IPG Photonics in the 1st quarter worth about $67,000. Innealta Capital LLC bought a new stake in shares of IPG Photonics during the 2nd quarter valued at about $85,000. TFO Wealth Partners LLC increased its position in shares of IPG Photonics by 38,000.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,143 shares of the semiconductor company’s stock valued at $124,000 after buying an additional 1,140 shares during the period. Finally, Covestor Ltd raised its stake in IPG Photonics by 94.2% in the first quarter. Covestor Ltd now owns 1,728 shares of the semiconductor company’s stock worth $157,000 after buying an additional 838 shares in the last quarter. 93.79% of the stock is currently owned by institutional investors.

IPG Photonics Trading Down 1.0 %

IPGP opened at $70.41 on Friday. The stock has a market capitalization of $3.21 billion, a P/E ratio of 18.15 and a beta of 1.00. The stock has a 50-day moving average price of $71.75 and a 200-day moving average price of $81.58. IPG Photonics has a 12-month low of $61.86 and a 12-month high of $111.11.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). The business had revenue of $257.60 million for the quarter, compared to the consensus estimate of $259.31 million. IPG Photonics had a net margin of 12.67% and a return on equity of 5.99%. The firm’s revenue was down 24.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.31 earnings per share. On average, equities research analysts predict that IPG Photonics will post 1.38 EPS for the current 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.