BidaskClub cut shares of IPG Photonics (NASDAQ:IPGP) from a hold rating to a sell rating in a research note issued to investors on Friday, BidAskClub reports.

A number of other equities research analysts have also recently weighed in on the company. Canaccord Genuity lifted their price objective on TELUS from C$51.00 to C$52.00 in a research note on Wednesday, May 1st. Bank of America raised IPG Photonics from a neutral rating to a buy rating and set a $200.00 price objective for the company in a research note on Monday, April 22nd. Cascend Securities reaffirmed a buy rating and issued a $200.00 price objective (up from $180.00) on shares of IPG Photonics in a research note on Wednesday, May 1st. ValuEngine cut Intersect ENT from a buy rating to a hold rating in a research note on Monday, July 8th. Finally, Zacks Investment Research cut Inflarx from a buy rating to a hold rating in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, eight have given a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and an average price target of $182.40.

IPGP stock opened at $134.98 on Friday. The stock’s fifty day simple moving average is $140.21. The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.55 and a current ratio of 8.54. The firm has a market capitalization of $7.11 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 3.25 and a beta of 2.14. IPG Photonics has a 52-week low of $104.64 and a 52-week high of $241.43.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings data on Tuesday, April 30th. The semiconductor company reported $1.02 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.04 by ($0.02). IPG Photonics had a net margin of 24.94% and a return on equity of 16.09%. The firm had revenue of $315.00 million during the quarter, compared to analyst estimates of $308.75 million. During the same period in the previous year, the firm posted $1.93 earnings per share. The company’s quarterly revenue was down 12.5% compared to the same quarter last year. As a group, analysts predict that IPG Photonics will post 5.49 EPS for the current fiscal year.

In related news, insider Thomas J. Burgomaster sold 836 shares of IPG Photonics stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $157.02, for a total value of $131,268.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Igor Samartsev sold 800 shares of IPG Photonics stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $172.10, for a total value of $137,680.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,074 shares of company stock valued at $4,472,833. 33.90% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in IPGP. Winslow Evans & Crocker Inc. lifted its holdings in IPG Photonics by 0.3% during the 1st quarter. Winslow Evans & Crocker Inc. now owns 21,922 shares of the semiconductor company’s stock worth $3,328,000 after buying an additional 60 shares during the last quarter. Nissay Asset Management Corp Japan ADV lifted its holdings in IPG Photonics by 2.0% during the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 3,810 shares of the semiconductor company’s stock worth $578,000 after buying an additional 75 shares during the last quarter. Piedmont Investment Advisors Inc. lifted its holdings in IPG Photonics by 2.5% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 3,214 shares of the semiconductor company’s stock worth $488,000 after buying an additional 77 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in IPG Photonics by 1.3% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 6,068 shares of the semiconductor company’s stock worth $921,000 after buying an additional 78 shares during the last quarter. Finally, Malaga Cove Capital LLC lifted its holdings in IPG Photonics by 1.7% during the 1st quarter. Malaga Cove Capital LLC now owns 5,730 shares of the semiconductor company’s stock worth $870,000 after buying an additional 97 shares during the last quarter. Hedge funds and other institutional investors own 64.43% 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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