IPG Photonics Co. (NASDAQ:IPGP) Receives Average Rating of "Hold" from Brokerages

Shares of IPG Photonics Co. (NASDAQ:IPGP - Get Free Report) have been assigned an average recommendation of "Hold" from the seven research firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $85.40.

IPGP has been the topic of a number of recent research reports. Needham & Company LLC reissued a "hold" rating on shares of IPG Photonics in a research report on Wednesday, February 12th. Stifel Nicolaus dropped their price target on IPG Photonics from $100.00 to $85.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. Northcoast Research downgraded IPG Photonics from a "buy" rating to a "neutral" rating in a research report on Wednesday, December 4th. CL King raised IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 price target on the stock in a research report on Tuesday. Finally, Citigroup dropped their price target 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.

Institutional Investors Weigh In On IPG Photonics

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC raised its stake in IPG Photonics by 100.4% in the third 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 during the last quarter. Barclays PLC raised its stake in IPG Photonics by 42.5% in the third quarter. Barclays PLC now owns 38,787 shares of the semiconductor company's stock valued at $2,883,000 after buying an additional 11,562 shares during the last quarter. Fisher Asset Management LLC raised its stake in IPG Photonics by 30.1% in the fourth quarter. Fisher Asset Management LLC now owns 249,830 shares of the semiconductor company's stock valued at $18,168,000 after buying an additional 57,780 shares during the last quarter. Disciplined Growth Investors Inc. MN raised its stake in IPG Photonics by 8.9% in the third quarter. Disciplined Growth Investors Inc. MN now owns 534,833 shares of the semiconductor company's stock valued at $39,749,000 after buying an additional 43,874 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in IPG Photonics by 22.7% in the third quarter. JPMorgan Chase & Co. now owns 151,142 shares of the semiconductor company's stock valued at $11,233,000 after buying an additional 28,003 shares during the last quarter. 93.79% of the stock is currently owned by hedge funds and other institutional investors.

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IPG Photonics Stock Performance

IPGP stock traded up $2.78 during midday trading on Friday, reaching $66.10. The company's stock had a trading volume of 388,416 shares, compared to its average volume of 257,574. The stock has a fifty day simple moving average of $67.33 and a two-hundred day simple moving average of $72.04. IPG Photonics has a 1 year low of $56.71 and a 1 year high of $92.21. The firm has a market capitalization of $2.81 billion, a price-to-earnings ratio of -15.81 and a beta of 1.04.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last released its earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.23 by ($0.05). IPG Photonics had a positive return on equity of 2.98% and a negative net margin of 18.58%. As a group, analysts forecast that IPG Photonics will post 1.54 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.