Shares of IPG Photonics Co. (NASDAQ:IPGP - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $56.12 and last traded at $56.46, with a volume of 111044 shares traded. The stock had previously closed at $63.48.
Analyst Ratings Changes
IPGP has been the topic of a number of research analyst reports. CL King upgraded shares of 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, March 18th. Stifel Nicolaus reduced their price objective 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. Citigroup dropped their target price on IPG Photonics from $62.00 to $60.00 and set a "sell" rating for the company in a research report on Tuesday, February 18th. Finally, Needham & Company LLC restated a "hold" rating on shares of IPG Photonics in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $85.40.
View Our Latest Stock Report on IPGP
IPG Photonics Trading Down 4.5 %
The stock has a market cap of $2.11 billion, a P/E ratio of -11.89 and a beta of 0.97. The business has a 50-day simple moving average of $63.07 and a 200 day simple moving average of $71.38.
IPG Photonics (NASDAQ:IPGP - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate 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, equities analysts expect that IPG Photonics Co. will post 1.54 earnings per share for the current year.
Institutional Trading of IPG Photonics
A number of institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its stake in shares of IPG Photonics by 14.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,352,246 shares of the semiconductor company's stock valued at $98,335,000 after purchasing an additional 173,584 shares during the period. Lazard Asset Management LLC increased its stake in IPG Photonics by 0.9% in the fourth quarter. Lazard Asset Management LLC now owns 1,069,193 shares of the semiconductor company's stock valued at $77,751,000 after purchasing an additional 9,852 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of IPG Photonics by 2.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 999,649 shares of the semiconductor company's stock valued at $72,694,000 after purchasing an additional 28,606 shares during the period. Disciplined Growth Investors Inc. MN boosted its position in shares of IPG Photonics by 8.9% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 534,833 shares of the semiconductor company's stock worth $39,749,000 after purchasing an additional 43,874 shares in the last quarter. Finally, Baillie Gifford & Co. grew its stake in shares of IPG Photonics by 34.0% in the 4th quarter. Baillie Gifford & Co. now owns 375,546 shares of the semiconductor company's stock valued at $27,310,000 after buying an additional 95,199 shares during the period. Institutional investors own 93.79% of the company's stock.
IPG Photonics Company Profile
(
Get Free Report)
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.
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