IPG Photonics (NASDAQ:IPGP) was upgraded by investment analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Thursday.

A number of other research firms also recently commented on IPGP. Raymond James upgraded shares of IPG Photonics from a “market perform” rating to a “strong-buy” rating in a research note on Friday, September 21st. Longbow Research downgraded shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research note on Friday, September 28th. Benchmark reduced their price objective on shares of IPG Photonics from $170.00 to $162.00 and set a “buy” rating on the stock in a research note on Wednesday, October 31st. ValuEngine upgraded shares of IPG Photonics from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 31st. Finally, Susquehanna Bancshares began coverage on shares of IPG Photonics in a research note on Friday, November 30th. They set a “neutral” rating and a $151.00 price objective on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $205.67.

IPGP traded down $0.64 during trading hours on Thursday, reaching $127.88. 414,478 shares of the stock traded hands, compared to its average volume of 516,610. The firm has a market cap of $6.74 billion, a price-to-earnings ratio of 17.61, a PEG ratio of 1.91 and a beta of 1.82. IPG Photonics has a fifty-two week low of $104.64 and a fifty-two week high of $264.11. The company has a current ratio of 8.64, a quick ratio of 6.81 and a debt-to-equity ratio of 0.02.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings data on Tuesday, October 30th. The semiconductor company reported $1.84 EPS for the quarter, missing the Zacks’ consensus estimate of $1.85 by ($0.01). IPG Photonics had a net margin of 25.58% and a return on equity of 20.30%. The company had revenue of $356.35 million for the quarter, compared to the consensus estimate of $355.48 million. During the same quarter last year, the company earned $2.11 earnings per share. The company’s revenue was down 9.2% compared to the same quarter last year. On average, analysts forecast that IPG Photonics will post 7.41 earnings per share for the current fiscal year.

In other news, CAO Thomas J. Burgomaster sold 294 shares of the firm’s stock in a transaction dated Sunday, December 2nd. The shares were sold at an average price of $93.70, for a total value of $27,547.80. Following the transaction, the chief accounting officer now directly owns 6,037 shares in the company, valued at approximately $565,666.90. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Thomas J. Burgomaster sold 637 shares of the firm’s stock in a transaction dated Sunday, November 11th. The stock was sold at an average price of $90.85, for a total transaction of $57,871.45. Following the completion of the transaction, the chief accounting officer now owns 6,037 shares in the company, valued at $548,461.45. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,131 shares of company stock worth $103,915. Insiders own 33.40% of the company’s stock.

Several institutional investors have recently bought and sold shares of IPGP. Mackenzie Financial Corp lifted its position in shares of IPG Photonics by 307.3% in the 3rd quarter. Mackenzie Financial Corp now owns 864,514 shares of the semiconductor company’s stock worth $134,925,000 after buying an additional 652,276 shares during the last quarter. FMR LLC lifted its position in shares of IPG Photonics by 77.9% in the 3rd quarter. FMR LLC now owns 743,049 shares of the semiconductor company’s stock worth $115,967,000 after buying an additional 325,425 shares during the last quarter. Pictet Asset Management Ltd. lifted its position in shares of IPG Photonics by 67.0% in the 3rd quarter. Pictet Asset Management Ltd. now owns 741,301 shares of the semiconductor company’s stock worth $115,695,000 after buying an additional 297,295 shares during the last quarter. Waddell & Reed Financial Inc. bought a new position in shares of IPG Photonics in the 2nd quarter worth about $58,469,000. Finally, Neuberger Berman Group LLC lifted its position in shares of IPG Photonics by 71.1% in the 3rd quarter. Neuberger Berman Group LLC now owns 574,534 shares of the semiconductor company’s stock worth $89,668,000 after buying an additional 238,755 shares during the last quarter. Institutional investors own 58.58% 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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