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

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

Several research firms recently weighed in on IPGP. Citigroup cut 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. CL King upgraded IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 price target on the stock in a report on Tuesday, March 18th. Stifel Nicolaus lowered their price objective on IPG Photonics from $100.00 to $85.00 and set a "buy" rating for the company in a research note on Wednesday, February 12th. Finally, Needham & Company LLC reissued a "hold" rating on shares of IPG Photonics in a report on Wednesday, February 12th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in IPGP. Merit Financial Group LLC bought a new stake in IPG Photonics in the first quarter worth approximately $343,000. GAMMA Investing LLC boosted its stake in IPG Photonics by 7,604.8% during the first quarter. GAMMA Investing LLC now owns 12,944 shares of the semiconductor company's stock worth $817,000 after acquiring an additional 12,776 shares in the last quarter. Versant Capital Management Inc grew its holdings in IPG Photonics by 90.7% in the first quarter. Versant Capital Management Inc now owns 1,819 shares of the semiconductor company's stock worth $115,000 after purchasing an additional 865 shares during the period. Wealth Enhancement Advisory Services LLC increased its stake in IPG Photonics by 4.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,274 shares of the semiconductor company's stock valued at $311,000 after purchasing an additional 194 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in IPG Photonics by 10.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 86,725 shares of the semiconductor company's stock valued at $6,307,000 after purchasing an additional 8,041 shares in the last quarter. 93.79% of the stock is owned by institutional investors and hedge funds.

IPG Photonics Trading Up 1.7 %

IPG Photonics stock traded up $0.89 during midday trading on Wednesday, reaching $53.77. The company's stock had a trading volume of 337,295 shares, compared to its average volume of 276,491. The stock has a market cap of $2.29 billion, a PE ratio of -12.86 and a beta of 0.97. IPG Photonics has a 52 week low of $48.59 and a 52 week high of $92.21. The business has a 50-day moving average price of $61.74 and a 200-day moving average price of $70.92.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last released its quarterly earnings data 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 positive return on equity of 2.98% and a negative net margin of 18.58%. As a group, research analysts predict 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.