IPG Photonics (NASDAQ:IPGP) Rating Increased to Buy at CL King

CL King upgraded shares of IPG Photonics (NASDAQ:IPGP - Free Report) from a neutral rating to a buy rating in a research report released on Tuesday, MarketBeat.com reports. They currently have $76.00 price target on the semiconductor company's stock.

Several other research analysts also recently weighed in on IPGP. Stifel Nicolaus dropped their price target 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. Needham & Company LLC restated 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 for the company in a research note on Tuesday, February 18th. Finally, Northcoast Research cut shares of IPG Photonics from a "buy" rating to a "neutral" rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $85.40.

IPG Photonics Stock Down 2.0 %

NASDAQ:IPGP traded down $1.29 during trading hours on Tuesday, hitting $64.06. 795,669 shares of the stock traded hands, compared to its average volume of 260,179. The company has a market cap of $2.73 billion, a price-to-earnings ratio of -15.33 and a beta of 1.04. IPG Photonics has a 1 year low of $56.71 and a 1 year high of $92.21. The stock has a 50 day moving average price of $66.67 and a 200 day moving average price of $71.95.

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IPG Photonics (NASDAQ:IPGP - Get Free Report) last released 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%. Equities analysts forecast that IPG Photonics will post 1.54 earnings per share for the current fiscal year.

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. Jane Street Group LLC boosted its stake in shares of IPG Photonics by 100.4% during the third quarter. Jane Street Group LLC now owns 21,771 shares of the semiconductor company's stock valued at $1,618,000 after purchasing an additional 10,906 shares in the last quarter. Barclays PLC boosted its position in IPG Photonics by 42.5% during the 3rd quarter. Barclays PLC now owns 38,787 shares of the semiconductor company's stock valued at $2,883,000 after acquiring an additional 11,562 shares in the last quarter. Fisher Asset Management LLC increased its holdings in shares of IPG Photonics by 30.1% in the 4th quarter. Fisher Asset Management LLC now owns 249,830 shares of the semiconductor company's stock valued at $18,168,000 after acquiring an additional 57,780 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of IPG Photonics by 5.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 369,620 shares of the semiconductor company's stock worth $26,879,000 after acquiring an additional 19,307 shares in the last quarter. Finally, Disciplined Growth Investors Inc. MN raised its position in shares of IPG Photonics by 8.9% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 534,833 shares of the semiconductor company's stock worth $39,749,000 after acquiring an additional 43,874 shares in the last quarter. 93.79% of the stock is owned by hedge funds and other institutional investors.

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.