IPG Photonics Corporation’s (IPGP) “Buy” Rating Reiterated at Benchmark Co.

IPG Photonics Corporation (NASDAQ:IPGP)‘s stock had its “buy” rating reiterated by stock analysts at Benchmark Co. in a research note issued on Wednesday, November 1st. They presently have a $230.00 price target on the semiconductor company’s stock. Benchmark Co.’s price target would suggest a potential downside of 4.37% from the stock’s current price.

The analysts wrote, “We see continued strong cash flow generation raising net cash to $30/share by 2019. Laser stocks thrive or dive based on the global manufacturing economy, in our view. We see this staying strong well into 2018.””

A number of other brokerages have also recently issued reports on IPGP. DA Davidson reissued a “buy” rating and issued a $220.00 price objective on shares of IPG Photonics Corporation in a research note on Tuesday, October 10th. Zacks Investment Research raised shares of IPG Photonics Corporation from a “hold” rating to a “strong-buy” rating and set a $240.00 target price for the company in a research note on Friday, October 27th. Needham & Company LLC reaffirmed a “buy” rating and set a $210.00 target price (up from $182.00) on shares of IPG Photonics Corporation in a research note on Friday, October 20th. ValuEngine cut shares of IPG Photonics Corporation from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $170.00 target price (up from $165.00) on shares of IPG Photonics Corporation in a research note on Friday, September 1st. Four equities research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $180.33.

IPG Photonics Corporation (NASDAQ:IPGP) opened at $240.50 on Wednesday. The company has a debt-to-equity ratio of 0.02, a current ratio of 9.02 and a quick ratio of 7.46. IPG Photonics Corporation has a 52-week low of $93.38 and a 52-week high of $242.65. The firm has a market cap of $12,950.00, a P/E ratio of 34.94, a price-to-earnings-growth ratio of 1.72 and a beta of 1.67.

IPG Photonics Corporation (NASDAQ:IPGP) last released its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported $2.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.79 by $0.32. The business had revenue of $392.62 million for the quarter, compared to the consensus estimate of $367.27 million. IPG Photonics Corporation had a net margin of 27.85% and a return on equity of 21.17%. The company’s quarterly revenue was up 47.6% on a year-over-year basis. During the same period last year, the firm earned $1.29 earnings per share. sell-side analysts predict that IPG Photonics Corporation will post 7.01 EPS for the current fiscal year.

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In related news, SVP Eugene A. Shcherbakov sold 9,500 shares of IPG Photonics Corporation stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $198.79, for a total transaction of $1,888,505.00. Following the completion of the sale, the senior vice president now owns 16,957 shares in the company, valued at approximately $3,370,882.03. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director William S. Hurley sold 8,167 shares of IPG Photonics Corporation stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $165.42, for a total transaction of $1,350,985.14. Following the sale, the director now owns 12,672 shares of the company’s stock, valued at approximately $2,096,202.24. The disclosure for this sale can be found here. 33.80% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently made changes to their positions in IPGP. BlackRock Inc. raised its holdings in shares of IPG Photonics Corporation by 15,820.1% in the 1st quarter. BlackRock Inc. now owns 2,957,324 shares of the semiconductor company’s stock valued at $356,949,000 after purchasing an additional 2,938,748 shares in the last quarter. Harding Loevner LP raised its holdings in shares of IPG Photonics Corporation by 86.6% in the 3rd quarter. Harding Loevner LP now owns 2,825,425 shares of the semiconductor company’s stock valued at $167,055,000 after purchasing an additional 1,311,384 shares in the last quarter. Jackson Square Partners LLC bought a new stake in shares of IPG Photonics Corporation in the 3rd quarter valued at about $85,354,000. JPMorgan Chase & Co. raised its holdings in shares of IPG Photonics Corporation by 50,089.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 326,735 shares of the semiconductor company’s stock valued at $47,409,000 after purchasing an additional 326,084 shares in the last quarter. Finally, BRILLIANCE ASSET MANAGEMENT Ltd raised its holdings in shares of IPG Photonics Corporation by 142.5% in the 3rd quarter. BRILLIANCE ASSET MANAGEMENT Ltd now owns 531,811 shares of the semiconductor company’s stock valued at $98,417,000 after purchasing an additional 312,467 shares in the last quarter. Institutional investors own 57.12% of the company’s stock.

IPG Photonics Corporation 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.

Analyst Recommendations for IPG Photonics Corporation (NASDAQ:IPGP)

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