IPG Photonics Co. (NASDAQ:IPGP) Given Average Recommendation of “Hold” by Analysts

Shares of IPG Photonics Co. (NASDAQ:IPGP) have been given a consensus rating of “Hold” by the six research firms that are currently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $87.75.

A number of analysts have recently commented on the company. Stifel Nicolaus cut their price target on IPG Photonics from $100.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Needham & Company LLC reaffirmed a “hold” rating on shares of IPG Photonics in a research note on Wednesday, February 12th. Citigroup cut their price objective on IPG Photonics from $62.00 to $60.00 and set a “sell” rating on the stock in a research note on Tuesday, February 18th. Finally, Northcoast Research lowered IPG Photonics from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 4th.

IPG Photonics Trading Up 4.6 %

Shares of IPGP stock opened at $62.25 on Friday. The business’s 50-day moving average price is $67.80 and its 200-day moving average price is $72.10. IPG Photonics has a 12 month low of $56.71 and a 12 month high of $92.21. The firm has a market capitalization of $2.65 billion, a price-to-earnings ratio of -14.89 and a beta of 1.05.

IPG Photonics (NASDAQ:IPGP) last announced its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). IPG Photonics had a negative net margin of 18.58% and a positive return on equity of 2.98%. On average, sell-side analysts predict that IPG Photonics will post 1.54 earnings per share for the current fiscal year.

Institutional Investors Weigh In On IPG Photonics

Hedge funds have recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of IPG Photonics by 10.2% during the fourth 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 in the last quarter. Twinbeech Capital LP increased its holdings in shares of IPG Photonics by 177.1% during the fourth 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 in the last quarter. Tidal Investments LLC increased its holdings in shares of IPG Photonics by 53.9% during the fourth quarter. Tidal Investments LLC now owns 14,765 shares of the semiconductor company’s stock valued at $1,074,000 after acquiring an additional 5,173 shares in the last quarter. Systematic Financial Management LP increased its holdings in shares of IPG Photonics by 3.2% during the fourth quarter. Systematic Financial Management LP now owns 127,822 shares of the semiconductor company’s stock valued at $9,295,000 after acquiring an additional 3,920 shares in the last quarter. Finally, Sora Investors LLC increased its holdings in shares of IPG Photonics by 94.8% during the fourth quarter. Sora Investors LLC now owns 165,611 shares of the semiconductor company’s stock valued at $12,043,000 after acquiring an additional 80,611 shares in the last quarter. 93.79% of the stock is currently 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.