Dougherty & Co restated their buy rating on shares of IPG Photonics (NASDAQ:IPGP) in a research note released on Tuesday. Dougherty & Co also issued estimates for IPG Photonics’ Q3 2018 earnings at $1.82 EPS and FY2018 earnings at $7.40 EPS.

A number of other research firms have also recently weighed in on IPGP. DA Davidson decreased their price target on IPG Photonics to $220.00 and set a buy rating for the company in a report on Wednesday, August 1st. ValuEngine cut IPG Photonics from a hold rating to a sell rating in a report on Friday, August 10th. BidaskClub cut IPG Photonics from a strong-buy rating to a buy rating in a report on Thursday, April 26th. Canaccord Genuity restated a hold rating and issued a $235.00 price target on shares of IPG Photonics in a report on Tuesday, May 1st. Finally, Zacks Investment Research cut IPG Photonics from a hold rating to a sell rating in a report on Thursday, August 2nd. Three investment analysts have rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average price target of $242.00.

NASDAQ IPGP opened at $166.91 on Tuesday. The company has a market capitalization of $8.83 billion, a price-to-earnings ratio of 22.99, a P/E/G ratio of 1.71 and a beta of 1.83. IPG Photonics has a fifty-two week low of $158.75 and a fifty-two week high of $264.11. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.73 and a quick ratio of 6.94.

IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings results on Tuesday, July 31st. The semiconductor company reported $2.21 earnings per share for the quarter, missing the Zacks’ consensus estimate of $2.22 by ($0.01). The company had revenue of $413.61 million during the quarter, compared to analysts’ expectations of $418.61 million. IPG Photonics had a return on equity of 21.55% and a net margin of 25.96%. The firm’s revenue was up 12.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.91 EPS. sell-side analysts forecast that IPG Photonics will post 7.9 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently made changes to their positions in the business. Robecosam AG raised its position in shares of IPG Photonics by 6.2% in the 2nd quarter. Robecosam AG now owns 170,800 shares of the semiconductor company’s stock valued at $36,517,000 after purchasing an additional 9,950 shares in the last quarter. Atria Investments LLC raised its position in shares of IPG Photonics by 16.9% in the 2nd quarter. Atria Investments LLC now owns 5,493 shares of the semiconductor company’s stock valued at $1,212,000 after purchasing an additional 793 shares in the last quarter. Oakbrook Investments LLC raised its position in shares of IPG Photonics by 103.0% in the 2nd quarter. Oakbrook Investments LLC now owns 3,025 shares of the semiconductor company’s stock valued at $667,000 after purchasing an additional 1,535 shares in the last quarter. Psagot Investment House Ltd. acquired a new position in shares of IPG Photonics in the 2nd quarter valued at approximately $124,000. Finally, Navellier & Associates Inc raised its position in shares of IPG Photonics by 4.8% in the 2nd quarter. Navellier & Associates Inc now owns 31,524 shares of the semiconductor company’s stock valued at $6,955,000 after purchasing an additional 1,436 shares in the last quarter. 56.98% of the stock is currently owned by institutional investors.

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.

Further Reading: Fundamental Analysis and Choosing Stocks

Analyst Recommendations for IPG Photonics (NASDAQ:IPGP)

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