Analysts Set IPG Photonics Co. (NASDAQ:IPGP) PT at $93.50

Shares of IPG Photonics Co. (NASDAQ:IPGP - Get Free Report) have been given a consensus recommendation of "Moderate Buy" by the six research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $93.50.

IPGP has been the topic of several analyst reports. Stifel Nicolaus cut their price target on shares of IPG Photonics from $115.00 to $100.00 and set a "buy" rating on the stock in a report on Wednesday, July 31st. Needham & Company LLC restated a "hold" rating on shares of IPG Photonics in a report on Wednesday, October 30th. Benchmark reiterated a "hold" rating on shares of IPG Photonics in a research note on Wednesday, October 30th. Finally, Raymond James lowered their target price on shares of IPG Photonics from $127.00 to $100.00 and set a "strong-buy" rating for the company in a research note on Wednesday, July 31st.

Hedge Funds Weigh In On IPG Photonics

Several institutional investors have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of IPG Photonics by 21.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 30,675 shares of the semiconductor company's stock worth $2,782,000 after acquiring an additional 5,459 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of IPG Photonics by 125.5% in the 1st quarter. BNP Paribas Financial Markets now owns 40,751 shares of the semiconductor company's stock valued at $3,696,000 after purchasing an additional 22,680 shares during the last quarter. Texas Permanent School Fund Corp increased its stake in IPG Photonics by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 25,871 shares of the semiconductor company's stock valued at $2,346,000 after purchasing an additional 334 shares in the last quarter. Duality Advisers LP acquired a new stake in shares of IPG Photonics during the first quarter worth $302,000. Finally, Quantbot Technologies LP purchased a new stake in shares of IPG Photonics during the first quarter valued at $1,262,000. 93.79% of the stock is owned by hedge funds and other institutional investors.

IPG Photonics Trading Down 2.2 %

IPGP traded down $1.89 during trading hours on Friday, hitting $83.86. The company's stock had a trading volume of 200,815 shares, compared to its average volume of 282,209. IPG Photonics has a 12 month low of $61.86 and a 12 month high of $111.11. The stock has a market cap of $3.63 billion, a price-to-earnings ratio of -24.17 and a beta of 0.98. The business's 50-day moving average price is $73.56 and its 200-day moving average price is $79.11.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.10. The company had revenue of $233.14 million for the quarter, compared to analysts' expectations of $227.89 million. IPG Photonics had a positive return on equity of 4.32% and a negative net margin of 14.20%. The firm's revenue for the quarter was down 22.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.16 earnings per share. On average, analysts forecast that IPG Photonics will post 1.53 earnings per share 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.