IPG Photonics (NASDAQ:IPGP) Shares Gap Up – Time to Buy?

IPG Photonics Co. (NASDAQ:IPGP) shares gapped up before the market opened on Tuesday . The stock had previously closed at $67.40, but opened at $69.77. IPG Photonics shares last traded at $67.14, with a volume of 34,241 shares traded.

Wall Street Analyst Weigh In

IPGP has been the topic of a number of analyst reports. Benchmark reiterated a “hold” rating on shares of IPG Photonics in a research note on Wednesday, October 30th. Needham & Company LLC restated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Finally, Northcoast Research cut IPG Photonics from a “buy” rating to a “neutral” rating in a report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $93.50.

IPG Photonics Price Performance

The company’s 50-day moving average price is $74.27 and its two-hundred day moving average price is $73.71. The company has a market capitalization of $2.74 billion, a price-to-earnings ratio of -18.10 and a beta of 0.95.

IPG Photonics (NASDAQ:IPGP) last issued 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 positive return on equity of 4.32% and a negative net margin of 14.20%. On average, equities research analysts expect that IPG Photonics Co. will post 1.47 EPS for the current fiscal year.

Institutional Trading of IPG Photonics

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jane Street Group LLC lifted its position in IPG Photonics by 100.4% in the 3rd quarter. Jane Street Group LLC now owns 21,771 shares of the semiconductor company’s stock valued at $1,618,000 after acquiring an additional 10,906 shares in the last quarter. Barclays PLC raised its stake in shares of IPG Photonics by 42.5% in the third quarter. Barclays PLC now owns 38,787 shares of the semiconductor company’s stock worth $2,883,000 after purchasing an additional 11,562 shares during the last quarter. Disciplined Growth Investors Inc. MN lifted its holdings in shares of 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 purchasing an additional 43,874 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of IPG Photonics by 22.7% during the third quarter. JPMorgan Chase & Co. now owns 151,142 shares of the semiconductor company’s stock valued at $11,233,000 after buying an additional 28,003 shares during the last quarter. Finally, Quantbot Technologies LP raised its position in IPG Photonics by 57.7% in the 3rd quarter. Quantbot Technologies LP now owns 23,253 shares of the semiconductor company’s stock valued at $1,728,000 after buying an additional 8,507 shares during the last quarter. Institutional investors own 93.79% of the company’s stock.

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.