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

IPG Photonics Co. (NASDAQ:IPGP) has been assigned a consensus rating of “Hold” from the six research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $89.75.

A number of equities research analysts have issued reports on IPGP shares. Northcoast Research lowered IPG Photonics from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 4th. Stifel Nicolaus cut 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. Benchmark reiterated a “hold” rating on shares of IPG Photonics in a research note on Wednesday, October 30th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of IPG Photonics in a research note on Wednesday, February 12th.

IPG Photonics Price Performance

NASDAQ:IPGP opened at $63.53 on Tuesday. The firm has a market capitalization of $2.75 billion, a price-to-earnings ratio of -18.31 and a beta of 0.95. IPG Photonics has a one year low of $60.72 and a one year high of $92.21. The business has a fifty day moving average price of $72.87 and a 200-day moving average price of $73.03.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.18 EPS for the quarter, missing the consensus estimate 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 will post 1.47 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in IPGP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of IPG Photonics by 10.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 86,725 shares of the semiconductor company’s stock valued at $6,307,000 after acquiring an additional 8,041 shares during the last quarter. Twinbeech Capital LP lifted its holdings in shares of IPG Photonics by 177.1% in the 4th quarter. Twinbeech Capital LP now owns 35,064 shares of the semiconductor company’s stock valued at $2,550,000 after acquiring an additional 22,411 shares during the last quarter. Tidal Investments LLC lifted its stake in IPG Photonics by 53.9% in the fourth quarter. Tidal Investments LLC now owns 14,765 shares of the semiconductor company’s stock worth $1,074,000 after purchasing an additional 5,173 shares during the last quarter. Systematic Financial Management LP lifted its stake in IPG Photonics by 3.2% in the fourth quarter. Systematic Financial Management LP now owns 127,822 shares of the semiconductor company’s stock worth $9,295,000 after purchasing an additional 3,920 shares during the last quarter. Finally, Sora Investors LLC lifted its stake in IPG Photonics by 94.8% in the fourth quarter. Sora Investors LLC now owns 165,611 shares of the semiconductor company’s stock worth $12,043,000 after purchasing an additional 80,611 shares during the last quarter. 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.