IPG Photonics Co. (NASDAQ:IPGP) SVP Eugene A. Shcherbakov sold 9,500 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $256.56, for a total transaction of $2,437,320.00. Following the sale, the senior vice president now owns 16,957 shares in the company, valued at approximately $4,350,487.92. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.
IPG Photonics Co. (NASDAQ:IPGP) opened at $252.08 on Friday. IPG Photonics Co. has a fifty-two week low of $111.51 and a fifty-two week high of $264.11. The company has a quick ratio of 7.46, a current ratio of 9.02 and a debt-to-equity ratio of 0.02. The company has a market cap of $13,508.52 and a PE ratio of 37.11.
IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $2.11 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.79 by $0.32. IPG Photonics had a net margin of 27.85% and a return on equity of 21.17%. The firm had revenue of $392.62 million for the quarter, compared to the consensus estimate of $367.27 million. During the same quarter in the prior year, the company posted $1.29 earnings per share. The company’s revenue for the quarter was up 47.6% compared to the same quarter last year. equities analysts predict that IPG Photonics Co. will post 7.13 EPS for the current fiscal year.
Several brokerages recently weighed in on IPGP. Northcoast Research restated a “buy” rating and issued a $290.00 price target on shares of IPG Photonics in a research report on Wednesday. Needham & Company LLC boosted their price target on shares of IPG Photonics from $230.00 to $280.00 and gave the stock a “buy” rating in a research report on Wednesday, January 24th. Zacks Investment Research raised shares of IPG Photonics from a “hold” rating to a “strong-buy” rating and set a $240.00 price objective for the company in a research note on Friday, October 27th. DA Davidson lifted their price objective on shares of IPG Photonics to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Finally, ValuEngine lowered shares of IPG Photonics from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Five equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $196.30.
IPG Photonics Company Profile
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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