News headlines about IPG Photonics (NASDAQ:IPGP) have been trending somewhat positive this week, according to Accern Sentiment. Accern identifies negative and positive media coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. IPG Photonics earned a coverage optimism score of 0.18 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 46.4293238710237 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s analysis:
- MicroVision (MVIS) versus IPG Photonics (IPGP) Head-To-Head Review (americanbankingnews.com)
- IPG Photonics (IPGP) Down 4.7% Since Earnings Report: Can It Rebound? – Nasdaq (nasdaq.com)
- IPG Photonics Co. (IPGP) Given Average Rating of “Buy” by Analysts (americanbankingnews.com)
- William S. Hurley Sells 3,500 Shares of IPG Photonics Co. (IPGP) Stock (americanbankingnews.com)
A number of research firms recently weighed in on IPGP. Zacks Investment Research cut shares of IPG Photonics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. Needham & Company LLC boosted their price target on shares of IPG Photonics from $230.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. Northcoast Research restated a “buy” rating and issued a $290.00 price target on shares of IPG Photonics in a research report on Wednesday, January 31st. BidaskClub lowered shares of IPG Photonics from a “strong-buy” rating to a “buy” rating in a research report on Saturday, December 2nd. Finally, ValuEngine lowered shares of IPG Photonics from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $213.60.
IPG Photonics (NASDAQ:IPGP) last announced its earnings results on Friday, February 16th. The semiconductor company reported $1.86 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.72 by $0.14. The company had revenue of $361.10 million for the quarter, compared to analyst estimates of $345.63 million. IPG Photonics had a net margin of 24.67% and a return on equity of 21.29%. IPG Photonics’s quarterly revenue was up 28.9% on a year-over-year basis. During the same period in the prior year, the business earned $1.39 earnings per share. research analysts anticipate that IPG Photonics will post 8.37 EPS for the current fiscal year.
In related news, Director William S. Hurley sold 3,500 shares of the business’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $255.93, for a total transaction of $895,755.00. Following the completion of the sale, the director now directly owns 14,505 shares of the company’s stock, valued at $3,712,264.65. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Timothy Pv Mammen sold 12,500 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The stock was sold at an average price of $243.41, for a total transaction of $3,042,625.00. Following the sale, the chief financial officer now directly owns 38,040 shares of the company’s stock, valued at $9,259,316.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 60,500 shares of company stock valued at $15,095,172. 33.80% of the stock is currently owned by insiders.
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About IPG Photonics
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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