IPG Photonics Co. (NASDAQ:IPGP) shares were down 7% on Friday following a dissappointing earnings announcement. The stock traded as low as $139.00 and last traded at $139.49, approximately 868,341 shares traded hands during mid-day trading. An increase of 87% from the average daily volume of 464,859 shares. The stock had previously closed at $149.97.

The semiconductor company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.05). IPG Photonics had a net margin of 19.45% and a return on equity of 11.50%. The company had revenue of $306.60 million for the quarter, compared to analyst estimates of $285.77 million. During the same quarter last year, the company posted $1.40 EPS. IPG Photonics’s revenue was down 7.1% on a year-over-year basis.

Several equities analysts have commented on IPGP shares. Piper Sandler reissued a “hold” rating and set a $150.00 target price on shares of IPG Photonics in a research report on Thursday. Benchmark reissued a “hold” rating on shares of IPG Photonics in a report on Wednesday, October 30th. BidaskClub raised shares of IPG Photonics from a “hold” rating to a “buy” rating in a research note on Friday, February 7th. Piper Jaffray Companies began coverage on shares of IPG Photonics in a research report on Friday, December 20th. They set a “neutral” rating and a $155.00 price target on the stock. Finally, ValuEngine cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a research report on Thursday, January 23rd. Nine investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $161.14.

In related news, major shareholder Valentin Gapontsev Trust I sold 8,000 shares of the company’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $141.06, for a total value of $1,128,480.00. Following the transaction, the insider now owns 7,533,928 shares in the company, valued at approximately $1,062,735,883.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 33.90% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. State Street Corp lifted its stake in IPG Photonics by 2.0% during the 4th quarter. State Street Corp now owns 1,450,925 shares of the semiconductor company’s stock valued at $210,268,000 after acquiring an additional 28,588 shares during the period. Pictet Asset Management Ltd. lifted its stake in IPG Photonics by 31.3% during the 4th quarter. Pictet Asset Management Ltd. now owns 1,099,658 shares of the semiconductor company’s stock valued at $159,362,000 after acquiring an additional 262,257 shares during the period. Eagle Asset Management Inc. increased its position in shares of IPG Photonics by 1.2% during the 4th quarter. Eagle Asset Management Inc. now owns 643,166 shares of the semiconductor company’s stock valued at $93,207,000 after purchasing an additional 7,466 shares during the last quarter. UBS Asset Management Americas Inc. increased its position in shares of IPG Photonics by 6.2% during the 4th quarter. UBS Asset Management Americas Inc. now owns 504,178 shares of the semiconductor company’s stock valued at $73,065,000 after purchasing an additional 29,354 shares during the last quarter. Finally, Disciplined Growth Investors Inc. MN increased its position in shares of IPG Photonics by 2.7% during the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 354,341 shares of the semiconductor company’s stock valued at $48,049,000 after purchasing an additional 9,382 shares during the last quarter. Institutional investors and hedge funds own 64.32% of the company’s stock.

The stock has a market cap of $7.96 billion, a PE ratio of 28.88, a price-to-earnings-growth ratio of 11.17 and a beta of 2.23. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.05 and a current ratio of 9.08. The company’s 50-day moving average price is $140.47 and its 200 day moving average price is $136.07.

IPG Photonics Company Profile (NASDAQ:IPGP)

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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