IPG Photonics (NASDAQ:IPGP) Upgraded at CL King

IPG Photonics (NASDAQ:IPGP) was upgraded by research analysts at CL King from a “neutral” rating to a “buy” rating in a research note issued to investors on Tuesday,Benzinga reports. The firm presently has a $76.00 target price on the semiconductor company’s stock. CL King’s price target would suggest a potential upside of 20.03% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Stifel Nicolaus dropped their target price on shares of IPG Photonics from $100.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Northcoast Research lowered shares of IPG Photonics from a “buy” rating to a “neutral” rating in a report on Wednesday, December 4th. Citigroup dropped their target price on shares of IPG Photonics from $62.00 to $60.00 and set a “sell” rating for the company in a report on Tuesday, February 18th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of IPG Photonics in a report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $85.40.

IPG Photonics Stock Performance

Shares of NASDAQ IPGP opened at $63.32 on Tuesday. The firm has a market cap of $2.69 billion, a PE ratio of -15.15 and a beta of 1.04. The firm has a fifty day moving average of $67.33 and a 200 day moving average of $72.04. IPG Photonics has a one year low of $56.71 and a one year high of $92.21.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.05). IPG Photonics had a positive return on equity of 2.98% and a negative net margin of 18.58%. On average, equities analysts predict that IPG Photonics will post 1.54 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Wealth Enhancement Advisory Services LLC boosted its position in shares of IPG Photonics by 4.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,274 shares of the semiconductor company’s stock valued at $311,000 after acquiring an additional 194 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of IPG Photonics by 10.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 86,725 shares of the semiconductor company’s stock valued at $6,307,000 after acquiring an additional 8,041 shares during the last quarter. Twinbeech Capital LP lifted its position in IPG Photonics by 177.1% in the fourth quarter. Twinbeech Capital LP now owns 35,064 shares of the semiconductor company’s stock valued at $2,550,000 after buying an additional 22,411 shares during the last quarter. Tidal Investments LLC lifted its position in IPG Photonics by 53.9% in the fourth quarter. Tidal Investments LLC now owns 14,765 shares of the semiconductor company’s stock valued at $1,074,000 after buying an additional 5,173 shares during the last quarter. Finally, Systematic Financial Management LP lifted its position in IPG Photonics by 3.2% in the fourth quarter. Systematic Financial Management LP now owns 127,822 shares of the semiconductor company’s stock valued at $9,295,000 after buying an additional 3,920 shares during the last quarter. Institutional investors and hedge funds own 93.79% of the company’s stock.

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.