IPG Photonics Corporation (NASDAQ:IPGP) – Equities researchers at Northcoast Research raised their FY2017 earnings per share (EPS) estimates for IPG Photonics Corporation in a note issued to investors on Wednesday. Northcoast Research analyst T. Hayes now anticipates that the semiconductor company will earn $7.15 per share for the year, up from their previous estimate of $6.89. Northcoast Research also issued estimates for IPG Photonics Corporation’s Q1 2018 earnings at $1.57 EPS, Q2 2018 earnings at $2.14 EPS, Q3 2018 earnings at $2.29 EPS, Q4 2018 earnings at $2.04 EPS and FY2018 earnings at $8.05 EPS.

IPG Photonics Corporation (NASDAQ:IPGP) last announced its earnings results on Tuesday, October 31st. The semiconductor company reported $2.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.79 by $0.32. IPG Photonics Corporation had a net margin of 27.85% and a return on equity of 21.17%. The firm had revenue of $392.62 million during the quarter, compared to analyst estimates of $367.27 million. During the same quarter in the prior year, the firm posted $1.29 EPS. IPG Photonics Corporation’s revenue was up 47.6% compared to the same quarter last year.

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A number of other research analysts also recently weighed in on the company. Zacks Investment Research downgraded IPG Photonics Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. ValuEngine upgraded IPG Photonics Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Stifel Nicolaus reiterated a “hold” rating and set a $170.00 target price (up previously from $165.00) on shares of IPG Photonics Corporation in a report on Friday, September 1st. DA Davidson reiterated a “buy” rating and set a $220.00 target price on shares of IPG Photonics Corporation in a report on Tuesday, October 10th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $210.00 target price (up previously from $182.00) on shares of IPG Photonics Corporation in a report on Friday, October 20th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $180.33.

Shares of IPG Photonics Corporation (NASDAQ IPGP) opened at $213.86 on Thursday. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.97 and a current ratio of 9.02. The firm has a market cap of $11.11 billion, a price-to-earnings ratio of 30.54, a PEG ratio of 1.52 and a beta of 1.68.

In related news, Director William S. Hurley sold 8,167 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The stock was sold at an average price of $165.42, for a total value of $1,350,985.14. Following the sale, the director now owns 12,672 shares in the company, valued at approximately $2,096,202.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Eugene A. Shcherbakov sold 9,500 shares of the company’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $198.79, for a total value of $1,888,505.00. Following the completion of the sale, the senior vice president now owns 16,957 shares in the company, valued at approximately $3,370,882.03. The disclosure for this sale can be found here. Insiders sold a total of 51,017 shares of company stock worth $8,724,286 in the last 90 days. 33.80% of the stock is currently owned by company insiders.

Hedge funds have recently added to or reduced their stakes in the stock. Denali Advisors LLC bought a new position in IPG Photonics Corporation in the 2nd quarter valued at approximately $145,000. Chicago Partners Investment Group LLC bought a new position in IPG Photonics Corporation in the 2nd quarter valued at approximately $152,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in IPG Photonics Corporation by 10.5% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,380 shares of the semiconductor company’s stock valued at $200,000 after acquiring an additional 131 shares in the last quarter. Elefante Mark B bought a new position in IPG Photonics Corporation in the 3rd quarter valued at approximately $201,000. Finally, Fulton Bank N.A. bought a new position in IPG Photonics Corporation in the 3rd quarter valued at approximately $202,000. 58.94% of the stock is currently owned by institutional investors and hedge funds.

About IPG Photonics Corporation

IPG Photonics Corporation is a developer and manufacturer of a line of fiber lasers, fiber amplifiers, diode lasers, laser systems and optical accessories that are used for various applications. The Company offers a line of lasers and amplifiers, which are used in materials processing, communications and medical applications.

Earnings History and Estimates for IPG Photonics Corporation (NASDAQ:IPGP)

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