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

Shares of IPG Photonics Co. (NASDAQ:IPGP) have been assigned an average recommendation of “Hold” from the seven brokerages that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, three have given a hold recommendation, two have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $93.50.

A number of research analysts have recently weighed in on IPGP shares. Benchmark reissued a “hold” rating on shares of IPG Photonics in a research note on Wednesday, October 30th. Northcoast Research cut IPG Photonics from a “buy” rating to a “neutral” rating in a report on Wednesday, December 4th. Finally, Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a report on Wednesday, October 30th.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Versant Capital Management Inc grew its position in shares of IPG Photonics by 56.7% in the fourth quarter. Versant Capital Management Inc now owns 954 shares of the semiconductor company’s stock valued at $69,000 after purchasing an additional 345 shares during the period. KBC Group NV grew its holdings in IPG Photonics by 50.6% in the 3rd quarter. KBC Group NV now owns 1,086 shares of the semiconductor company’s stock valued at $81,000 after buying an additional 365 shares during the period. Assetmark Inc. increased its stake in shares of IPG Photonics by 28.3% during the 3rd quarter. Assetmark Inc. now owns 1,336 shares of the semiconductor company’s stock valued at $99,000 after acquiring an additional 295 shares during the last quarter. FMR LLC lifted its holdings in shares of IPG Photonics by 10.4% during the 3rd quarter. FMR LLC now owns 1,620 shares of the semiconductor company’s stock worth $120,000 after acquiring an additional 153 shares during the period. Finally, Covestor Ltd boosted its position in shares of IPG Photonics by 7.7% in the third quarter. Covestor Ltd now owns 1,869 shares of the semiconductor company’s stock worth $139,000 after acquiring an additional 133 shares during the last quarter. Hedge funds and other institutional investors own 93.79% of the company’s stock.

IPG Photonics Stock Performance

IPGP opened at $72.76 on Monday. IPG Photonics has a one year low of $61.86 and a one year high of $104.19. The company has a market cap of $3.15 billion, a price-to-earnings ratio of -20.97 and a beta of 0.96. The business’s fifty day moving average is $77.39 and its two-hundred day moving average is $76.12.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. IPG Photonics had a negative net margin of 14.20% and a positive return on equity of 4.32%. The firm had revenue of $233.14 million for the quarter, compared to analysts’ expectations of $227.89 million. During the same period in the prior year, the company earned $1.16 EPS. The firm’s revenue was down 22.6% on a year-over-year basis. On average, analysts predict that IPG Photonics will post 1.51 EPS for the current fiscal year.

About IPG Photonics

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.