IPG Photonics (NASDAQ:IPGP) Shares Gap Up – What’s Next?

Shares of IPG Photonics Co. (NASDAQ:IPGP) gapped up prior to trading on Tuesday . The stock had previously closed at $67.40, but opened at $69.77. IPG Photonics shares last traded at $67.14, with a volume of 34,241 shares changing hands.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on IPGP shares. Benchmark reissued a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Northcoast Research lowered shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 4th. Needham & Company LLC reaffirmed a “hold” rating on shares of IPG Photonics in a report on Wednesday. Finally, Stifel Nicolaus decreased their price target on shares of IPG Photonics from $100.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday. One analyst has rated the stock with a sell rating, four have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $89.75.

IPG Photonics Price Performance

The stock has a 50-day moving average of $73.74 and a 200 day moving average of $73.47. The company has a market cap of $2.72 billion, a P/E ratio of -18.15 and a beta of 0.95.

IPG Photonics (NASDAQ:IPGP) last posted its earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). IPG Photonics had a positive return on equity of 4.32% and a negative net margin of 14.20%. Sell-side analysts predict that IPG Photonics Co. will post 1.47 EPS for the current year.

Hedge Funds Weigh In On IPG Photonics

Several large investors have recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new stake in IPG Photonics during the 2nd quarter worth approximately $223,000. CWM LLC lifted its stake in shares of IPG Photonics by 226.4% in the third quarter. CWM LLC now owns 2,435 shares of the semiconductor company’s stock worth $181,000 after acquiring an additional 1,689 shares during the period. Inspire Investing LLC boosted its holdings in IPG Photonics by 31.0% in the third quarter. Inspire Investing LLC now owns 6,156 shares of the semiconductor company’s stock valued at $458,000 after acquiring an additional 1,456 shares during the last quarter. Creative Planning increased its position in IPG Photonics by 93.3% during the 3rd quarter. Creative Planning now owns 6,071 shares of the semiconductor company’s stock valued at $451,000 after purchasing an additional 2,931 shares during the period. Finally, Schaper Benz & Wise Investment Counsel Inc. WI lifted its position in shares of IPG Photonics by 10.0% in the 3rd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 76,752 shares of the semiconductor company’s stock worth $5,704,000 after purchasing an additional 7,009 shares during the period. 93.79% of the stock is currently owned by institutional investors.

IPG Photonics Company Profile

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.