IPG Photonics Co. (NASDAQ:IPGP) Given Average Recommendation of "Hold" by Analysts

Shares of IPG Photonics Co. (NASDAQ:IPGP - Get Free Report) have received a consensus rating of "Hold" from the six brokerages that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, one has issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $87.75.

IPGP has been the subject of a number of research reports. Stifel Nicolaus lowered their target price 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. Benchmark restated a "hold" rating on shares of IPG Photonics in a research note on Wednesday, October 30th. Needham & Company LLC restated a "hold" rating on shares of IPG Photonics in a research note on Wednesday, February 12th. Citigroup lowered their target price on IPG Photonics from $62.00 to $60.00 and set a "sell" rating for the company in a research note on Tuesday. Finally, Northcoast Research lowered IPG Photonics from a "buy" rating to a "neutral" rating in a research report on Wednesday, December 4th.

Institutional Trading of IPG Photonics

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position 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 worth $6,307,000 after purchasing an additional 8,041 shares during the period. Twinbeech Capital LP boosted its holdings in IPG Photonics by 177.1% during the fourth quarter. Twinbeech Capital LP now owns 35,064 shares of the semiconductor company's stock worth $2,550,000 after buying an additional 22,411 shares during the last quarter. Tidal Investments LLC boosted its holdings in IPG Photonics by 53.9% during the fourth quarter. Tidal Investments LLC now owns 14,765 shares of the semiconductor company's stock worth $1,074,000 after buying an additional 5,173 shares during the last quarter. Systematic Financial Management LP boosted its holdings in IPG Photonics by 3.2% during the fourth quarter. Systematic Financial Management LP now owns 127,822 shares of the semiconductor company's stock worth $9,295,000 after buying an additional 3,920 shares during the last quarter. Finally, Sora Investors LLC boosted its holdings in IPG Photonics by 94.8% during the fourth quarter. Sora Investors LLC now owns 165,611 shares of the semiconductor company's stock worth $12,043,000 after buying an additional 80,611 shares during the last quarter. 93.79% of the stock is currently owned by institutional investors and hedge funds.

IPG Photonics Stock Performance

Shares of NASDAQ IPGP traded down $1.43 during midday trading on Tuesday, reaching $63.17. 184,613 shares of the company traded hands, compared to its average volume of 233,715. The firm has a market cap of $2.73 billion, a PE ratio of -15.11 and a beta of 0.95. The stock's 50-day simple moving average is $72.05 and its 200-day simple moving average is $72.86. IPG Photonics has a 12 month low of $60.72 and a 12 month high of $92.21.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last announced 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 negative net margin of 18.58% and a positive return on equity of 2.98%. On average, equities research analysts expect that IPG Photonics will post 1.54 EPS for the current year.

About IPG Photonics

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.