IPG Photonics Corporation (NASDAQ:IPGP) – Equities researchers at CLSA issued their Q1 2017 earnings per share (EPS) estimates for shares of IPG Photonics Corporation in a research note issued to investors on Tuesday. CLSA analyst J. Capron forecasts that the firm will post earnings of $1.18 per share for the quarter. CLSA also issued estimates for IPG Photonics Corporation’s Q2 2017 earnings at $1.46 EPS, Q3 2017 earnings at $1.51 EPS and Q4 2017 earnings at $1.53 EPS.

IPG Photonics Corporation (NASDAQ:IPGP) last issued its quarterly earnings data on Tuesday, February 14th. The company reported $1.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.40 by $0.01. The company had revenue of $280.10 million for the quarter, compared to analyst estimates of $263.52 million. IPG Photonics Corporation had a return on equity of 17.73% and a net margin of 25.83%. The company’s revenue was up 25.3% on a year-over-year basis. During the same quarter last year, the business earned $1.14 earnings per share.

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Earnings History and Estimates for IPG Photonics Corporation (NASDAQ:IPGP)

Other equities research analysts also recently issued reports about the stock. Benchmark Co. upped their price objective on shares of IPG Photonics Corporation from $116.00 to $125.00 and gave the stock a “buy” rating in a research report on Wednesday. Needham & Company LLC upped their price objective on shares of IPG Photonics Corporation from $120.00 to $130.00 and gave the stock a “buy” rating in a research report on Wednesday. Zacks Investment Research raised shares of IPG Photonics Corporation from a “hold” rating to a “buy” rating and set a $114.00 price objective for the company in a research report on Wednesday, December 28th. Summit Redstone reaffirmed a “buy” rating on shares of IPG Photonics Corporation in a research report on Tuesday, January 31st. Finally, Dougherty & Co raised shares of IPG Photonics Corporation from a “neutral” rating to a “buy” rating and set a $137.00 price objective for the company in a research report on Wednesday. One equities research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. IPG Photonics Corporation presently has a consensus rating of “Buy” and an average target price of $112.86.

Shares of IPG Photonics Corporation (NASDAQ:IPGP) opened at 118.47 on Thursday. The firm’s 50-day moving average is $106.75 and its 200 day moving average is $93.65. The firm has a market capitalization of $6.31 billion, a P/E ratio of 24.43 and a beta of 1.67. IPG Photonics Corporation has a 12 month low of $76.22 and a 12 month high of $124.27.

In other news, Director Thomas J. Seifert sold 990 shares of the stock in a transaction that occurred on Thursday, December 15th. The shares were sold at an average price of $100.02, for a total transaction of $99,019.80. Following the completion of the transaction, the director now directly owns 6,588 shares of the company’s stock, valued at approximately $658,931.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Igor Samartsev sold 4,000 shares of the stock in a transaction that occurred on Friday, December 9th. The shares were sold at an average price of $98.95, for a total transaction of $395,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 9,740 shares of company stock valued at $962,840 over the last three months. Insiders own 34.20% of the company’s stock.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in IPGP. Congress Asset Management Co. MA bought a new position in IPG Photonics Corporation during the fourth quarter worth $54,983,000. Marathon Asset Management LLP bought a new position in IPG Photonics Corporation during the third quarter worth $15,884,000. Neuberger Berman Group LLC increased its position in IPG Photonics Corporation by 24.4% in the second quarter. Neuberger Berman Group LLC now owns 933,851 shares of the company’s stock worth $74,708,000 after buying an additional 183,310 shares in the last quarter. Hennessy Advisors Inc. bought a new position in IPG Photonics Corporation during the third quarter worth $11,974,000. Finally, Bank of New York Mellon Corp increased its position in IPG Photonics Corporation by 18.6% in the third quarter. Bank of New York Mellon Corp now owns 716,765 shares of the company’s stock worth $59,023,000 after buying an additional 112,275 shares in the last quarter. 60.50% of the stock is owned by hedge funds and other institutional investors.

About IPG Photonics Corporation

IPG Photonics Corporation is engaged in the design, development, production and distribution of fiber lasers, laser systems, fiber amplifiers and related optical components. The Company offers a line of lasers and amplifiers, which are used in materials processing, advanced communications and medical applications.

5 Day Chart for NASDAQ:IPGP

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