IPG Photonics Co. (NASDAQ:IPGP) Given Consensus Rating of “Hold” by Analysts

IPG Photonics Co. (NASDAQ:IPGP) has been assigned an average rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, three have issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $87.75.

A number of research firms have weighed in on IPGP. Stifel Nicolaus reduced their price objective on shares of IPG Photonics from $100.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Citigroup reduced their price objective on shares of IPG Photonics from $62.00 to $60.00 and set a “sell” rating for the company in a research note on Tuesday, February 18th. Northcoast Research lowered shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 4th. Needham & Company LLC reiterated a “hold” rating on shares of IPG Photonics in a research note on Wednesday, February 12th. Finally, Benchmark reiterated a “hold” rating on shares of IPG Photonics in a research note on Wednesday, October 30th.

IPG Photonics Price Performance

Shares of NASDAQ IPGP opened at $63.17 on Tuesday. The stock has a market cap of $2.73 billion, a P/E ratio of -15.11 and a beta of 0.95. IPG Photonics has a 1 year low of $60.72 and a 1 year high of $92.21. The firm has a 50-day moving average of $71.76 and a 200 day moving average of $72.87.

IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates 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%. Research analysts expect that IPG Photonics will post 1.54 earnings per share for the current fiscal year.

Hedge Funds Weigh In On IPG Photonics

A number of institutional investors and hedge funds have recently made changes to their positions in IPGP. Sanctuary Advisors LLC purchased a new position in shares of IPG Photonics in the second quarter worth approximately $223,000. CWM LLC boosted its holdings in shares of IPG Photonics by 226.4% in the third quarter. CWM LLC now owns 2,435 shares of the semiconductor company’s stock worth $181,000 after buying an additional 1,689 shares during the last quarter. Creative Planning boosted its holdings in shares of IPG Photonics by 93.3% in the third quarter. Creative Planning now owns 6,071 shares of the semiconductor company’s stock worth $451,000 after buying an additional 2,931 shares during the last quarter. Wealth Enhancement Advisory Services LLC purchased a new position in shares of IPG Photonics in the third quarter worth approximately $303,000. Finally, Roubaix Capital LLC purchased a new position in shares of IPG Photonics in the third quarter worth approximately $2,620,000. Hedge funds and other institutional investors own 93.79% of the company’s stock.

About IPG Photonics

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.