IPG Photonics Co. (NASDAQ:IPGP) Receives Consensus Recommendation of “Hold” from Analysts

IPG Photonics Co. (NASDAQ:IPGP) has been assigned a consensus rating of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation, two have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $93.50.

Several analysts recently weighed in on the company. Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a report on Wednesday, October 30th. Benchmark reissued a “hold” rating on shares of IPG Photonics in a report on Wednesday, October 30th. Finally, Northcoast Research downgraded shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 4th.

IPG Photonics Price Performance

NASDAQ:IPGP opened at $77.07 on Friday. The company has a market cap of $3.33 billion, a P/E ratio of -22.21 and a beta of 0.96. The firm’s fifty day moving average price is $75.40 and its two-hundred day moving average price is $75.30. IPG Photonics has a one year low of $61.86 and a one year high of $104.19.

IPG Photonics (NASDAQ:IPGP) last announced its quarterly earnings results on Tuesday, October 29th. The semiconductor company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. The business had revenue of $233.14 million for the quarter, compared to analyst estimates of $227.89 million. IPG Photonics had a negative net margin of 14.20% and a positive return on equity of 4.32%. IPG Photonics’s quarterly revenue was down 22.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.16 EPS. As a group, equities research analysts expect that IPG Photonics will post 1.51 earnings per share for the current year.

Hedge Funds Weigh In On IPG Photonics

Several hedge funds have recently bought and sold shares of IPGP. Dimensional Fund Advisors LP lifted its stake in IPG Photonics by 14.5% during the second quarter. Dimensional Fund Advisors LP now owns 996,029 shares of the semiconductor company’s stock worth $84,054,000 after purchasing an additional 125,958 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of IPG Photonics by 5.9% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 971,043 shares of the semiconductor company’s stock worth $72,168,000 after buying an additional 54,166 shares during the last quarter. Pacer Advisors Inc. boosted its stake in IPG Photonics by 37.2% in the third 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 grew its position in IPG Photonics by 8.9% in the third quarter. Disciplined Growth Investors Inc. MN now owns 534,833 shares of the semiconductor company’s stock valued at $39,749,000 after acquiring an additional 43,874 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. raised its stake in IPG Photonics by 10.7% during the second quarter. D. E. Shaw & Co. Inc. now owns 479,301 shares of the semiconductor company’s stock worth $40,448,000 after acquiring an additional 46,252 shares in the last quarter. 93.79% of the stock is owned by institutional investors.

IPG Photonics Company Profile

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.