IPG Photonics Co. (NASDAQ:IPGP) Receives Average Recommendation of "Moderate Buy" from Brokerages

Shares of IPG Photonics Co. (NASDAQ:IPGP - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $110.40.

IPGP has been the subject of a number of recent analyst reports. Needham & Company LLC reissued a "hold" rating on shares of IPG Photonics in a report on Wednesday, May 1st. Citigroup decreased their price objective on IPG Photonics from $74.00 to $68.00 and set a "sell" rating for the company in a report on Thursday, May 2nd. Finally, Benchmark decreased their price objective on IPG Photonics from $116.00 to $106.00 and set a "buy" rating for the company in a report on Wednesday, May 1st.

Insider Activity

In other news, Director Jeanmarie F. Desmond sold 985 shares of the company's stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $85.20, for a total value of $83,922.00. Following the transaction, the director now directly owns 4,319 shares of the company's stock, valued at $367,978.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other IPG Photonics news, Director Jeanmarie F. Desmond sold 985 shares of the stock in a transaction on Thursday, May 30th. The shares were sold at an average price of $85.20, for a total transaction of $83,922.00. Following the transaction, the director now directly owns 4,319 shares of the company's stock, valued at $367,978.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Valentin Gapontsev Trust I sold 9,000 shares of the company's stock in a transaction dated Tuesday, April 23rd. The shares were sold at an average price of $85.86, for a total transaction of $772,740.00. Following the sale, the insider now owns 7,200,599 shares of the company's stock, valued at $618,243,430.14. The disclosure for this sale can be found here. Insiders sold 10,773 shares of company stock worth $927,030 over the last quarter. Corporate insiders own 38.00% of the company's stock.

Institutional Investors Weigh In On IPG Photonics

A number of institutional investors have recently added to or reduced their stakes in the stock. VisionPoint Advisory Group LLC raised its position in IPG Photonics by 127.2% in the 3rd quarter. VisionPoint Advisory Group LLC now owns 259 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 145 shares during the last quarter. Benjamin F. Edwards & Company Inc. bought a new position in IPG Photonics in the 4th quarter worth approximately $40,000. Disciplined Equity Management Inc. bought a new position in IPG Photonics in the 4th quarter worth approximately $43,000. Crewe Advisors LLC bought a new position in IPG Photonics in the 1st quarter worth approximately $52,000. Finally, AM Squared Ltd raised its position in IPG Photonics by 200.0% in the 4th quarter. AM Squared Ltd now owns 600 shares of the semiconductor company's stock worth $65,000 after purchasing an additional 400 shares during the last quarter. 93.79% of the stock is owned by institutional investors and hedge funds.

IPG Photonics Stock Performance

Shares of NASDAQ:IPGP traded up $1.10 during trading on Monday, hitting $85.46. The company's stock had a trading volume of 162,977 shares, compared to its average volume of 270,603. IPG Photonics has a fifty-two week low of $80.27 and a fifty-two week high of $141.85. The stock's 50-day moving average price is $85.83 and its two-hundred day moving average price is $90.80. The company has a market capitalization of $3.89 billion, a PE ratio of 22.03 and a beta of 1.01.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last released its quarterly earnings results on Tuesday, April 30th. The semiconductor company reported $0.52 EPS for the quarter, topping the consensus estimate of $0.48 by $0.04. The business had revenue of $252.00 million for the quarter, compared to analysts' expectations of $255.53 million. IPG Photonics had a return on equity of 7.67% and a net margin of 15.34%. The company's revenue was down 27.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.26 earnings per share. On average, equities analysts predict that IPG Photonics will post 2.77 earnings per share for the current fiscal 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.