IPG Photonics (NASDAQ:IPGP) received a $146.00 target price from equities research analysts at Susquehanna Bancshares in a report issued on Thursday. The firm presently has a “hold” rating on the semiconductor company’s stock. Susquehanna Bancshares’ target price would suggest a potential downside of 2.27% from the stock’s current price.
Other equities analysts have also recently issued research reports about the stock. Needham & Company LLC reiterated a “buy” rating and issued a $170.00 target price (up previously from $157.00) on shares of IPG Photonics in a research report on Wednesday. DA Davidson decreased their price objective on shares of IPG Photonics to $175.00 and set a “buy” rating on the stock in a research report on Wednesday. Raymond James decreased their price objective on shares of IPG Photonics from $190.00 to $180.00 and set a “buy” rating on the stock in a research report on Wednesday. Canaccord Genuity decreased their price objective on shares of IPG Photonics from $150.00 to $138.00 and set a “hold” rating on the stock in a research report on Wednesday. Finally, ValuEngine upgraded shares of IPG Photonics from a “sell” rating to a “hold” rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $190.64.
Shares of NASDAQ:IPGP opened at $149.39 on Thursday. The firm has a market capitalization of $7.86 billion, a P/E ratio of 20.58, a price-to-earnings-growth ratio of 2.10 and a beta of 1.80. IPG Photonics has a 52 week low of $104.64 and a 52 week high of $261.77. The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.81 and a current ratio of 8.64.
IPG Photonics (NASDAQ:IPGP) last issued its earnings results on Tuesday, February 12th. The semiconductor company reported $1.40 EPS for the quarter, missing analysts’ consensus estimates of $1.43 by ($0.03). The business had revenue of $330.10 million during the quarter, compared to analysts’ expectations of $314.91 million. IPG Photonics had a return on equity of 20.30% and a net margin of 25.58%. IPG Photonics’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.86 EPS. As a group, equities analysts forecast that IPG Photonics will post 7.41 earnings per share for the current fiscal year.
In other IPG Photonics news, CAO Thomas J. Burgomaster sold 294 shares of the business’s stock in a transaction dated Sunday, December 2nd. The shares were sold at an average price of $93.70, for a total value of $27,547.80. Following the transaction, the chief accounting officer now owns 6,037 shares in the company, valued at $565,666.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 33.40% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently made changes to their positions in the company. Ipswich Investment Management Co. Inc. bought a new stake in shares of IPG Photonics during the 4th quarter valued at about $44,000. ETF Managers Group LLC boosted its stake in shares of IPG Photonics by 15.7% during the 4th quarter. ETF Managers Group LLC now owns 553 shares of the semiconductor company’s stock valued at $63,000 after purchasing an additional 75 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of IPG Photonics by 205.3% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 638 shares of the semiconductor company’s stock valued at $100,000 after purchasing an additional 429 shares in the last quarter. Thornburg Investment Management Inc. bought a new stake in shares of IPG Photonics during the 4th quarter valued at about $135,000. Finally, Daiwa Securities Group Inc. boosted its stake in shares of IPG Photonics by 9.8% during the 4th quarter. Daiwa Securities Group Inc. now owns 1,341 shares of the semiconductor company’s stock valued at $152,000 after purchasing an additional 120 shares in the last quarter. 60.29% of the stock is currently owned by hedge funds and other institutional investors.
IPG Photonics Company Profile
IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include low, medium, and high power lasers; 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; laser diode chips and packaged laser diodes; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.
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