Shares of IPG Photonics Co. (NASDAQ:IPGP) have received a consensus recommendation of “Hold” from the fifteen research firms that are covering the stock, Marketbeat.com reports. Nine research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $172.74.

IPGP has been the subject of several analyst reports. Benchmark restated a “hold” rating on shares of IPG Photonics in a report on Wednesday, August 5th. Canaccord Genuity lifted their price objective on shares of IPG Photonics from $149.00 to $174.00 and gave the company a “hold” rating in a research note on Wednesday, August 5th. DA Davidson reiterated a “buy” rating on shares of IPG Photonics in a research note on Wednesday, August 5th. Bank of America lifted their price objective on shares of IPG Photonics from $140.00 to $200.00 and gave the company a “buy” rating in a research note on Wednesday, June 10th. Finally, Raymond James lifted their price objective on shares of IPG Photonics from $175.00 to $185.00 and gave the company an “outperform” rating in a research note on Wednesday, August 5th.

IPG Photonics stock opened at $164.98 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 8.11 and a current ratio of 9.99. IPG Photonics has a 52-week low of $98.04 and a 52-week high of $184.02. The firm has a 50 day moving average price of $160.25 and a two-hundred day moving average price of $148.14. The firm has a market cap of $8.79 billion, a price-to-earnings ratio of 69.32 and a beta of 1.61.

IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings results on Tuesday, August 4th. The semiconductor company reported $0.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.58 by $0.13. IPG Photonics had a net margin of 10.79% and a return on equity of 7.35%. The firm had revenue of $296.40 million during the quarter, compared to analyst estimates of $280.54 million. During the same quarter last year, the business earned $1.34 EPS. The company’s revenue was down 18.5% compared to the same quarter last year. As a group, equities research analysts predict that IPG Photonics will post 3.13 EPS for the current fiscal year.

In other IPG Photonics news, SVP Angelo P. Lopresti sold 4,499 shares of the business’s stock in a transaction on Tuesday, July 21st. The shares were sold at an average price of $182.15, for a total transaction of $819,492.85. Following the completion of the sale, the senior vice president now owns 44,699 shares in the company, valued at approximately $8,141,922.85. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Angelo P. Lopresti sold 5,400 shares of the business’s stock in a transaction on Wednesday, July 15th. The shares were sold at an average price of $170.10, for a total transaction of $918,540.00. Following the sale, the senior vice president now owns 47,275 shares of the company’s stock, valued at approximately $8,041,477.50. The disclosure for this sale can be found here. Insiders have sold a total of 35,420 shares of company stock valued at $5,934,124 in the last 90 days. 34.00% of the stock is currently owned by company insiders.

Hedge funds have recently made changes to their positions in the business. FMR LLC boosted its holdings in IPG Photonics by 342.7% during the 1st quarter. FMR LLC now owns 235,257 shares of the semiconductor company’s stock worth $35,708,000 after acquiring an additional 182,112 shares during the last quarter. Northwestern Mutual Investment Management Company LLC boosted its holdings in IPG Photonics by 35.0% during the 1st quarter. Northwestern Mutual Investment Management Company LLC now owns 1,865 shares of the semiconductor company’s stock worth $206,000 after acquiring an additional 484 shares during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in IPG Photonics during the 1st quarter worth $55,000. Principal Financial Group Inc. boosted its holdings in IPG Photonics by 2.6% during the 1st quarter. Principal Financial Group Inc. now owns 51,576 shares of the semiconductor company’s stock worth $5,688,000 after acquiring an additional 1,285 shares during the last quarter. Finally, Van ECK Associates Corp boosted its holdings in IPG Photonics by 30.3% during the 1st quarter. Van ECK Associates Corp now owns 215,226 shares of the semiconductor company’s stock worth $23,735,000 after acquiring an additional 50,040 shares during the last quarter. Institutional investors and hedge funds own 63.47% of the company’s stock.

About IPG Photonics

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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Analyst Recommendations for IPG Photonics (NASDAQ:IPGP)

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