IPG Photonics Corporation (NASDAQ:IPGP) had its price objective upped by DA Davidson to $235.00 in a research note published on Wednesday morning. They currently have a buy rating on the semiconductor company’s stock. DA Davidson also issued estimates for IPG Photonics Corporation’s Q4 2017 earnings at $1.65 EPS, FY2017 earnings at $7.05 EPS, Q1 2018 earnings at $1.65 EPS, Q2 2018 earnings at $1.86 EPS, Q3 2018 earnings at $2.01 EPS, Q4 2018 earnings at $1.68 EPS, Q1 2019 earnings at $1.82 EPS, Q2 2019 earnings at $1.96 EPS and Q3 2019 earnings at $2.27 EPS.

IPGP has been the topic of a number of other reports. Canaccord Genuity cut shares of IPG Photonics Corporation from a buy rating to a hold rating and set a $152.00 target price on the stock. in a research report on Tuesday, July 18th. Benchmark Co. reissued a buy rating and set a $180.00 target price on shares of IPG Photonics Corporation in a research report on Wednesday, August 2nd. Zacks Investment Research cut shares of IPG Photonics Corporation from a buy rating to a hold rating in a research report on Tuesday, October 17th. Stifel Nicolaus reissued a hold rating and set a $170.00 target price (up from $165.00) on shares of IPG Photonics Corporation in a research report on Friday, September 1st. Finally, Needham & Company LLC reissued a buy rating and set a $182.00 target price (up from $160.00) on shares of IPG Photonics Corporation in a research report on Tuesday, August 1st. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. IPG Photonics Corporation presently has a consensus rating of Buy and an average target price of $180.33.

IPG Photonics Corporation (NASDAQ:IPGP) last posted its earnings results on Tuesday, October 31st. The semiconductor company reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.32. IPG Photonics Corporation had a net margin of 27.85% and a return on equity of 21.17%. The business had revenue of $392.62 million for the quarter, compared to analysts’ expectations of $367.27 million. During the same period in the previous year, the company posted $1.29 earnings per share. The business’s revenue for the quarter was up 47.6% compared to the same quarter last year.

COPYRIGHT VIOLATION WARNING: “IPG Photonics Corporation (IPGP) Given New $235.00 Price Target at DA Davidson” was first published by Watch List News and is owned by of Watch List News. If you are reading this piece on another domain, it was illegally copied and republished in violation of international trademark and copyright legislation. The legal version of this piece can be viewed at https://www.watchlistnews.com/ipg-photonics-corporation-ipgp-given-new-235-00-price-target-at-da-davidson/1674249.html.

In related news, SVP Angelo P. Lopresti sold 11,750 shares of IPG Photonics Corporation stock in a transaction on Tuesday, August 8th. The shares were sold at an average price of $163.33, for a total value of $1,919,127.50. Following the completion of the sale, the senior vice president now owns 49,515 shares in the company, valued at $8,087,284.95. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William S. Hurley sold 8,167 shares of IPG Photonics Corporation stock in a transaction on Thursday, August 24th. The stock was sold at an average price of $165.42, for a total transaction of $1,350,985.14. Following the completion of 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. In the last 90 days, insiders sold 51,017 shares of company stock valued at $8,724,286. Insiders own 33.80% of the company’s stock.

Several large investors have recently modified their holdings of IPGP. Denali Advisors LLC bought a new stake in shares of IPG Photonics Corporation in the second quarter worth $145,000. Chicago Partners Investment Group LLC bought a new stake in shares of IPG Photonics Corporation in the second quarter worth $152,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of IPG Photonics Corporation by 10.5% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,380 shares of the semiconductor company’s stock worth $200,000 after buying an additional 131 shares during the last quarter. Elefante Mark B bought a new stake in shares of IPG Photonics Corporation in the third quarter worth $201,000. Finally, Fulton Bank N.A. bought a new stake in shares of IPG Photonics Corporation in the third quarter worth $202,000. Institutional investors and hedge funds own 58.94% of the company’s stock.

About IPG Photonics Corporation

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)

Receive News & Ratings for IPG Photonics Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IPG Photonics Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.