Needham & Company LLC reissued their buy rating on shares of IPG Photonics (NASDAQ:IPGP) in a research note released on Wednesday, The Fly reports. Needham & Company LLC currently has a $150.00 price target on the semiconductor company’s stock.

Other analysts have also issued research reports about the stock. Zacks Investment Research lowered shares of Inflarx from a buy rating to a hold rating in a research report on Friday, May 3rd. Bank of America upgraded shares of IPG Photonics from a neutral rating to a buy rating and set a $200.00 price target on the stock in a research report on Monday, April 22nd. ValuEngine lowered shares of Intersect ENT from a buy rating to a hold rating in a research report on Monday, July 8th. Cascend Securities restated a buy rating and set a $200.00 price target (up previously from $180.00) on shares of IPG Photonics in a research report on Wednesday, May 1st. Finally, Canaccord Genuity raised their price target on shares of TELUS from C$51.00 to C$52.00 in a research report on Wednesday, May 1st. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $182.40.

IPGP stock opened at $131.60 on Wednesday. The firm has a market capitalization of $6.99 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 3.23 and a beta of 2.14. The company has a current ratio of 8.54, a quick ratio of 6.55 and a debt-to-equity ratio of 0.02. The firm’s fifty day moving average price is $139.76. IPG Photonics has a one year low of $104.64 and a one year high of $241.43.

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

In other news, CAO Thomas J. Burgomaster sold 621 shares of IPG Photonics stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $145.75, for a total value of $90,510.75. Following the sale, the chief accounting officer now owns 7,577 shares in the company, valued at $1,104,347.75. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Igor Samartsev sold 800 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $172.10, for a total transaction of $137,680.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 28,074 shares of company stock worth $4,472,833. Company insiders own 33.90% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of IPGP. Bank of New York Mellon Corp boosted its position in IPG Photonics by 12.7% during the fourth quarter. Bank of New York Mellon Corp now owns 407,522 shares of the semiconductor company’s stock worth $46,168,000 after acquiring an additional 45,873 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in IPG Photonics by 9.8% during the fourth quarter. Commonwealth Equity Services LLC now owns 8,035 shares of the semiconductor company’s stock worth $910,000 after acquiring an additional 715 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its position in IPG Photonics by 20.3% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 6,114 shares of the semiconductor company’s stock worth $693,000 after acquiring an additional 1,031 shares during the last quarter. Northern Trust Corp boosted its position in IPG Photonics by 3.1% during the fourth quarter. Northern Trust Corp now owns 389,507 shares of the semiconductor company’s stock worth $44,128,000 after acquiring an additional 11,536 shares during the last quarter. Finally, Great West Life Assurance Co. Can boosted its position in IPG Photonics by 0.9% during the fourth quarter. Great West Life Assurance Co. Can now owns 22,627 shares of the semiconductor company’s stock worth $2,436,000 after acquiring an additional 209 shares during the last quarter. Hedge funds and other institutional investors own 64.79% of the company’s stock.

IPG Photonics Company Profile

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.

Recommended Story: Bond

The Fly

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.