IPG Photonics Co. (NASDAQ:IPGP) Director John R. Peeler sold 2,734 shares of the firm’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $250.80, for a total value of $685,687.20. Following the sale, the director now owns 9,738 shares in the company, valued at approximately $2,442,290.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Shares of IPG Photonics stock traded up $0.49 during mid-day trading on Monday, reaching $247.39. The company’s stock had a trading volume of 55,169 shares, compared to its average volume of 687,500. IPG Photonics Co. has a 12 month low of $116.80 and a 12 month high of $264.11. The firm has a market capitalization of $13,346.46, a P/E ratio of 38.82, a P/E/G ratio of 2.46 and a beta of 1.84. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.27 and a current ratio of 8.82.
IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings results on Friday, February 16th. The semiconductor company reported $1.86 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.72 by $0.14. IPG Photonics had a return on equity of 21.29% and a net margin of 24.67%. The company had revenue of $361.10 million for the quarter, compared to analysts’ expectations of $345.63 million. During the same quarter in the prior year, the company earned $1.39 earnings per share. The firm’s revenue was up 28.9% on a year-over-year basis. analysts anticipate that IPG Photonics Co. will post 8.37 earnings per share for the current fiscal year.
Several equities research analysts have recently issued reports on the company. ValuEngine upgraded IPG Photonics from a “hold” rating to a “buy” rating in a report on Thursday, March 1st. Zacks Investment Research upgraded IPG Photonics from a “hold” rating to a “strong-buy” rating and set a $275.00 price objective on the stock in a report on Thursday, February 22nd. DA Davidson raised their price objective on IPG Photonics from $1.86 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Benchmark restated a “buy” rating and set a $255.00 price objective (up previously from $230.00) on shares of IPG Photonics in a report on Tuesday, February 20th. Finally, Canaccord Genuity raised their price objective on IPG Photonics from $210.00 to $235.00 and gave the stock a “hold” rating in a report on Tuesday, February 20th. Three equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and two have issued a strong buy rating to the company. IPG Photonics currently has a consensus rating of “Buy” and a consensus price target of $213.60.
IPG Photonics Company Profile
IPG Photonics Corporation is a developer and manufacturer of a line of fiber lasers, fiber amplifiers, diode lasers, laser systems and optical accessories that are used for various applications. The Company offers a line of lasers and amplifiers, which are used in materials processing, communications and medical applications.
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