IPGP has been the subject of a number of other reports. DA Davidson started coverage on Uber Technologies in a research note on Wednesday, May 1st. They issued a neutral rating and a $53.00 price target for the company. Bank of America raised IPG Photonics from a neutral rating to a buy rating and set a $200.00 target price for the company in a research note on Monday, April 22nd. Zacks Investment Research cut Inflarx from a buy rating to a hold rating in a research note on Friday, May 3rd. Benchmark raised shares of from a hold rating to a buy rating in a research note on Wednesday, May 1st. Finally, Cascend Securities reaffirmed a buy rating and set a $200.00 price target (up previously from $180.00) on shares of IPG Photonics in a report on Wednesday, May 1st. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. IPG Photonics has a consensus rating of Hold and an average price target of $185.90.
Shares of IPG Photonics stock opened at $140.67 on Friday. The business has a fifty day moving average price of $139.16. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.54 and a quick ratio of 6.55. IPG Photonics has a 1-year low of $104.64 and a 1-year high of $243.43. The firm has a market capitalization of $7.48 billion, a PE ratio of 21.54, a price-to-earnings-growth ratio of 3.18 and a beta of 2.14.
IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor company reported $1.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.02). IPG Photonics had a return on equity of 16.09% and a net margin of 24.94%. The firm had revenue of $315.00 million during the quarter, compared to analyst estimates of $308.75 million. During the same quarter in the previous year, the firm posted $1.93 earnings per share. IPG Photonics’s quarterly revenue was down 12.5% compared to the same quarter last year. On average, equities research analysts anticipate that IPG Photonics will post 5.6 EPS for the current year.
In other news, insider Thomas J. Burgomaster sold 836 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was sold at an average price of $157.02, for a total transaction of $131,268.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Trevor Ness sold 5,025 shares of the business’s stock in a transaction that occurred on Thursday, May 2nd. The shares were sold at an average price of $170.22, for a total value of $855,355.50. Following the sale, the senior vice president now owns 25,657 shares of the company’s stock, valued at approximately $4,367,334.54. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 28,074 shares of company stock worth $4,472,833. 33.90% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in IPGP. Norges Bank bought a new stake in shares of IPG Photonics during the fourth quarter valued at approximately $68,325,000. Brandywine Global Investment Management LLC grew its holdings in IPG Photonics by 2,528,921.1% during the fourth quarter. Brandywine Global Investment Management LLC now owns 480,514 shares of the semiconductor company’s stock worth $54,438,000 after buying an additional 480,495 shares in the last quarter. Two Sigma Advisers LP grew its holdings in IPG Photonics by 222.5% during the fourth quarter. Two Sigma Advisers LP now owns 344,686 shares of the semiconductor company’s stock worth $39,049,000 after buying an additional 237,800 shares in the last quarter. Two Sigma Investments LP grew its holdings in IPG Photonics by 115.3% during the fourth quarter. Two Sigma Investments LP now owns 341,822 shares of the semiconductor company’s stock worth $38,725,000 after buying an additional 183,021 shares in the last quarter. Finally, FMR LLC grew its holdings in IPG Photonics by 342.7% during the first quarter. FMR LLC now owns 235,257 shares of the semiconductor company’s stock worth $35,708,000 after buying an additional 182,112 shares in the last quarter. Hedge funds and other institutional investors own 64.85% of the company’s stock.
IPG Photonics Company Profile
IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include low, medium, and high power lasers; 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; laser diode chips and packaged laser diodes; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.
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