Analysts Set IPG Photonics Co. (NASDAQ:IPGP) PT at $89.75

IPG Photonics Co. (NASDAQ:IPGP) has received an average recommendation of “Hold” from the six research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, one has issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $87.75.

IPGP has been the subject of several analyst reports. Stifel Nicolaus dropped their price target on shares of IPG Photonics from $100.00 to $85.00 and set a “buy” rating for the company in a research report on Wednesday, February 12th. Northcoast Research cut shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 4th. Benchmark reissued a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Citigroup dropped their price target on shares of IPG Photonics from $62.00 to $60.00 and set a “sell” rating for the company in a research report on Tuesday, February 18th. Finally, Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a research report on Wednesday, February 12th.

Institutional Investors Weigh In On IPG Photonics

Institutional investors and hedge funds have recently modified their holdings of the stock. Versant Capital Management Inc lifted its position in IPG Photonics by 56.7% during the 4th quarter. Versant Capital Management Inc now owns 954 shares of the semiconductor company’s stock valued at $69,000 after acquiring an additional 345 shares during the period. Venturi Wealth Management LLC lifted its position in IPG Photonics by 355.7% during the 4th quarter. Venturi Wealth Management LLC now owns 1,048 shares of the semiconductor company’s stock valued at $76,000 after acquiring an additional 818 shares during the period. SRS Capital Advisors Inc. lifted its position in IPG Photonics by 463.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,065 shares of the semiconductor company’s stock valued at $77,000 after acquiring an additional 876 shares during the period. KBC Group NV lifted its position in IPG Photonics by 50.6% during the 3rd quarter. KBC Group NV now owns 1,086 shares of the semiconductor company’s stock valued at $81,000 after acquiring an additional 365 shares during the period. Finally, Headlands Technologies LLC purchased a new position in IPG Photonics during the 4th quarter valued at about $87,000. 93.79% of the stock is owned by hedge funds and other institutional investors.

IPG Photonics Stock Performance

IPGP stock opened at $63.17 on Tuesday. IPG Photonics has a 52 week low of $60.72 and a 52 week high of $92.21. The firm’s fifty day moving average is $71.76 and its 200 day moving average is $72.87. The firm has a market cap of $2.73 billion, a P/E ratio of -15.11 and a beta of 0.95.

IPG Photonics (NASDAQ:IPGP) last released its 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 negative net margin of 18.58% and a positive return on equity of 2.98%. As a group, analysts forecast that IPG Photonics will post 1.54 EPS for the current year.

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.