IPG Photonics (NASDAQ:IPGP) Sets New 12-Month Low - What's Next?

IPG Photonics Co. (NASDAQ:IPGP - Get Free Report) shares reached a new 52-week low during trading on Wednesday . The company traded as low as $48.59 and last traded at $55.07, with a volume of 136651 shares changing hands. The stock had previously closed at $49.68.

Wall Street Analyst Weigh In

IPGP has been the subject of several recent analyst reports. Citigroup decreased 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, February 18th. CL King raised shares of IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 price objective on the stock in a report on Tuesday, March 18th. Stifel Nicolaus lowered their target price on shares of IPG Photonics from $100.00 to $85.00 and set a "buy" rating for the company in a report on Wednesday, February 12th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of IPG Photonics in a research note on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $85.40.

IPG Photonics Price Performance

The company has a market cap of $2.32 billion, a PE ratio of -13.04 and a beta of 0.97. The stock has a 50 day simple moving average of $61.39 and a two-hundred day simple moving average of $70.78.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 EPS for the quarter, missing the consensus estimate 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%. As a group, equities analysts anticipate that IPG Photonics Co. will post 1.54 EPS for the current fiscal year.

Hedge Funds Weigh In On IPG Photonics

Institutional investors have recently added to or reduced their stakes in the stock. Beaumont Financial Advisors LLC increased its stake in IPG Photonics by 4.2% in the 4th quarter. Beaumont Financial Advisors LLC now owns 3,414 shares of the semiconductor company's stock valued at $248,000 after purchasing an additional 139 shares in the last quarter. FMR LLC grew its holdings in IPG Photonics by 10.4% in the third quarter. FMR LLC now owns 1,620 shares of the semiconductor company's stock valued at $120,000 after purchasing an additional 153 shares during the last quarter. Cerity Partners LLC increased its position in shares of IPG Photonics by 5.7% in the fourth quarter. Cerity Partners LLC now owns 3,030 shares of the semiconductor company's stock valued at $222,000 after buying an additional 163 shares in the last quarter. Waterfront Wealth Inc. raised its stake in shares of IPG Photonics by 1.6% during the 4th quarter. Waterfront Wealth Inc. now owns 12,310 shares of the semiconductor company's stock worth $895,000 after buying an additional 190 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of IPG Photonics by 4.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,274 shares of the semiconductor company's stock worth $311,000 after buying an additional 194 shares in the last quarter. Institutional investors and hedge funds own 93.79% of the company's stock.

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.