IPG Photonics' (IPGP) Hold Rating Reaffirmed at Needham & Company LLC

IPG Photonics (NASDAQ:IPGP - Get Free Report)'s stock had its "hold" rating restated by equities researchers at Needham & Company LLC in a research report issued on Wednesday,Benzinga reports.

A number of other brokerages have also weighed in on IPGP. Northcoast Research lowered IPG Photonics from a "buy" rating to a "neutral" rating in a report on Wednesday, December 4th. Benchmark reaffirmed a "hold" rating on shares of IPG Photonics in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $89.75.

IPG Photonics Stock Performance

IPGP traded up $0.65 during trading on Wednesday, reaching $63.53. The company's stock had a trading volume of 271,336 shares, compared to its average volume of 155,315. IPG Photonics has a 52-week low of $60.72 and a 52-week high of $92.21. The company's fifty day moving average price is $73.23 and its 200-day moving average price is $73.23. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of -18.31 and a beta of 0.95.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last announced its quarterly earnings data 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 14.20% and a positive return on equity of 4.32%. Equities analysts predict that IPG Photonics will post 1.47 earnings per share for the current year.

Institutional Investors Weigh In On IPG Photonics

Several institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of IPG Photonics by 14.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,352,246 shares of the semiconductor company's stock worth $98,335,000 after acquiring an additional 173,584 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in IPG Photonics by 2.9% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 999,649 shares of the semiconductor company's stock valued at $72,694,000 after buying an additional 28,606 shares in the last quarter. Pacer Advisors Inc. lifted its stake in IPG Photonics by 37.2% in the 3rd quarter. Pacer Advisors Inc. now owns 671,025 shares of the semiconductor company's stock valued at $49,871,000 after buying an additional 181,844 shares in the last quarter. Disciplined Growth Investors Inc. MN lifted its stake in 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 valued at $39,749,000 after buying an additional 43,874 shares in the last quarter. Finally, Baillie Gifford & Co. lifted its stake in 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 in the last quarter. Hedge funds and other institutional investors 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.