IPG Photonics Co. (NASDAQ:IPGP) Given Consensus Rating of “Hold” by Brokerages

Shares of IPG Photonics Co. (NASDAQ:IPGP) have received an average recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $85.40.

IPGP has been the subject of a number of research analyst reports. Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a research note on Wednesday, February 12th. Citigroup dropped their target price on IPG Photonics from $62.00 to $60.00 and set a “sell” rating on the stock in a research report on Tuesday, February 18th. CL King raised IPG Photonics from a “neutral” rating to a “buy” rating and set a $76.00 target price on the stock in a research report on Tuesday. Stifel Nicolaus lowered their price objective on shares of IPG Photonics from $100.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Finally, Northcoast Research lowered shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 4th.

IPG Photonics Trading Down 2.0 %

NASDAQ:IPGP opened at $64.06 on Friday. IPG Photonics has a 1 year low of $56.71 and a 1 year high of $92.21. The stock has a market cap of $2.73 billion, a price-to-earnings ratio of -15.33 and a beta of 1.04. The stock has a 50-day moving average price of $66.67 and a two-hundred day moving average price of $71.91.

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 analysts’ consensus estimates of $0.23 by ($0.05). IPG Photonics had a negative net margin of 18.58% and a positive return on equity of 2.98%. Sell-side analysts forecast that IPG Photonics will post 1.54 earnings per share for the current year.

Institutional Trading of IPG Photonics

A number of institutional investors have recently made changes to their positions in IPGP. Beaumont Financial Advisors LLC increased its holdings in IPG Photonics by 4.2% during the fourth quarter. Beaumont Financial Advisors LLC now owns 3,414 shares of the semiconductor company’s stock worth $248,000 after buying an additional 139 shares during the last quarter. FMR LLC increased its holdings in IPG Photonics by 10.4% during the third quarter. FMR LLC now owns 1,620 shares of the semiconductor company’s stock worth $120,000 after buying an additional 153 shares during the last quarter. Cerity Partners LLC increased its holdings in IPG Photonics by 5.7% during the fourth quarter. Cerity Partners LLC now owns 3,030 shares of the semiconductor company’s stock worth $222,000 after buying an additional 163 shares during the last quarter. Waterfront Wealth Inc. increased its holdings in IPG Photonics by 1.6% during the fourth quarter. Waterfront Wealth Inc. now owns 12,310 shares of the semiconductor company’s stock worth $895,000 after buying an additional 190 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in IPG Photonics by 4.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,274 shares of the semiconductor company’s stock worth $311,000 after buying an additional 194 shares during the last quarter. Institutional investors own 93.79% of the company’s stock.

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.