IPG Photonics (NASDAQ:IPGP) Receives New Coverage from Analysts at StockNews.com

StockNews.com started coverage on shares of IPG Photonics (NASDAQ:IPGP – Get Rating) in a report released on Thursday morning. The firm issued a hold rating on the semiconductor company’s stock.

Several other equities analysts have also recently commented on the stock. Benchmark boosted their target price on shares of IPG Photonics from $130.00 to $140.00 and gave the company a buy rating in a research report on Wednesday, February 15th. Citigroup boosted their target price on shares of IPG Photonics from $115.00 to $160.00 and gave the company a buy rating in a research report on Thursday, February 16th. DA Davidson restated a buy rating on shares of IPG Photonics in a research report on Tuesday, January 3rd. Stifel Nicolaus boosted their target price on shares of IPG Photonics from $110.00 to $145.00 in a research report on Wednesday, February 15th. Finally, Sanford C. Bernstein boosted their target price on shares of IPG Photonics from $100.00 to $124.00 and gave the company a market perform rating in a research report on Thursday, February 16th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, IPG Photonics currently has a consensus rating of Moderate Buy and an average target price of $137.80.

IPG Photonics Price Performance

IPG Photonics stock traded down $3.55 during midday trading on Thursday, hitting $116.33. The company’s stock had a trading volume of 530,473 shares, compared to its average volume of 227,911. IPG Photonics has a 1-year low of $79.88 and a 1-year high of $134.81. The company has a 50-day moving average price of $116.74 and a two-hundred day moving average price of $99.29. The company has a market cap of $5.54 billion, a price-to-earnings ratio of 59.05, a PEG ratio of 5.45 and a beta of 1.23.

Insider Activity at IPG Photonics

In related news, major shareholder Valentin Gapontsev Trust I sold 16,500 shares of IPG Photonics stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $122.20, for a total transaction of $2,016,300.00. Following the sale, the insider now directly owns 7,378,099 shares of the company’s stock, valued at approximately $901,603,697.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 33.50% of the stock is currently owned by insiders.

Institutional Investors Weigh In On IPG Photonics

A number of institutional investors have recently added to or reduced their stakes in the business. First Eagle Investment Management LLC grew its holdings in IPG Photonics by 2.8% during the 4th quarter. First Eagle Investment Management LLC now owns 4,326,220 shares of the semiconductor company’s stock worth $409,563,000 after acquiring an additional 119,327 shares during the last quarter. Vanguard Group Inc. grew its holdings in IPG Photonics by 0.6% during the 1st quarter. Vanguard Group Inc. now owns 3,849,934 shares of the semiconductor company’s stock worth $422,568,000 after acquiring an additional 24,859 shares during the last quarter. BlackRock Inc. grew its holdings in IPG Photonics by 1.5% during the 1st quarter. BlackRock Inc. now owns 2,559,937 shares of the semiconductor company’s stock worth $280,980,000 after acquiring an additional 37,842 shares during the last quarter. Invesco Ltd. grew its holdings in IPG Photonics by 18.9% during the 1st quarter. Invesco Ltd. now owns 1,701,795 shares of the semiconductor company’s stock worth $186,788,000 after acquiring an additional 270,190 shares during the last quarter. Finally, Caisse DE Depot ET Placement DU Quebec grew its holdings in IPG Photonics by 54.4% during the 2nd quarter. Caisse DE Depot ET Placement DU Quebec now owns 892,900 shares of the semiconductor company’s stock worth $84,049,000 after acquiring an additional 314,600 shares during the last quarter. 63.50% of the stock is owned by institutional investors.

IPG Photonics Company Profile

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IPG Photonics Corp. engages in the design, development, production and distribution of fiber lasers, laser systems, fiber amplifiers, and related optical components. Its products include lasers, beam delivery, medical, telecom equipment, product finder and components such as pump diodes, chillers, and mid-IR crystals.