IPG Photonics Co. (NASDAQ:IPGP - Get Free Report) shot up 3.1% during trading on Tuesday . The company traded as high as $64.64 and last traded at $65.27. 39,974 shares changed hands during trading, a decline of 84% from the average session volume of 256,226 shares. The stock had previously closed at $63.32.
Analyst Ratings Changes
A number of research firms have commented on IPGP. Stifel Nicolaus cut their target price on shares of IPG Photonics from $100.00 to $85.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. Needham & Company LLC reissued a "hold" rating on shares of IPG Photonics in a research report on Wednesday, February 12th. Citigroup cut their target price on shares of IPG Photonics from $62.00 to $60.00 and set a "sell" rating on the stock in a research report on Tuesday, February 18th. Northcoast Research downgraded shares of IPG Photonics from a "buy" rating to a "neutral" rating in a research report on Wednesday, December 4th. Finally, CL King raised 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. One analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $85.40.
Read Our Latest Research Report on IPG Photonics
IPG Photonics Price Performance
The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of -15.33 and a beta of 1.04. The firm has a fifty day moving average of $66.67 and a 200 day moving average of $71.95.
IPG Photonics (NASDAQ:IPGP - Get Free Report) last issued its quarterly earnings data 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%. Research analysts predict that IPG Photonics Co. will post 1.54 EPS for the current year.
Hedge Funds Weigh In On IPG Photonics
A number of institutional investors have recently added to or reduced their stakes in IPGP. Versant Capital Management Inc lifted its position in IPG Photonics by 56.7% during the fourth quarter. Versant Capital Management Inc now owns 954 shares of the semiconductor company's stock worth $69,000 after buying an additional 345 shares in the last quarter. Venturi Wealth Management LLC lifted its position in IPG Photonics by 355.7% during the fourth quarter. Venturi Wealth Management LLC now owns 1,048 shares of the semiconductor company's stock worth $76,000 after buying an additional 818 shares in the last quarter. SRS Capital Advisors Inc. lifted its position in IPG Photonics by 463.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,065 shares of the semiconductor company's stock worth $77,000 after buying an additional 876 shares in the last quarter. KBC Group NV lifted its position in IPG Photonics by 50.6% during the third quarter. KBC Group NV now owns 1,086 shares of the semiconductor company's stock worth $81,000 after buying an additional 365 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in IPG Photonics during the fourth quarter worth approximately $87,000. Hedge funds and other institutional investors own 93.79% of the company's stock.
About IPG Photonics
(
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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