IPG Photonics Co. (NASDAQ:IPGP) Receives Consensus Rating of “Hold” from Analysts

Shares of IPG Photonics Co. (NASDAQ:IPGP) have earned an average recommendation of “Hold” from the six research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $87.75.

Several equities analysts have weighed in on IPGP shares. Citigroup dropped their price objective on IPG Photonics from $62.00 to $60.00 and set a “sell” rating for the company in a report on Tuesday, February 18th. Stifel Nicolaus dropped their price target on IPG Photonics from $100.00 to $85.00 and set a “buy” rating for the company in a research note on Wednesday, February 12th. Needham & Company LLC reiterated a “hold” rating on shares of IPG Photonics in a research note on Wednesday, February 12th. Northcoast Research cut shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 4th. Finally, Benchmark reissued a “hold” rating on shares of IPG Photonics in a research note on Wednesday, October 30th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Covestor Ltd increased its position in IPG Photonics by 7.7% during the 3rd quarter. Covestor Ltd now owns 1,869 shares of the semiconductor company’s stock worth $139,000 after purchasing an additional 133 shares in the last quarter. Beaumont Financial Advisors LLC increased its holdings in shares of IPG Photonics by 4.2% during the fourth quarter. Beaumont Financial Advisors LLC now owns 3,414 shares of the semiconductor company’s stock worth $248,000 after buying an additional 139 shares in the last quarter. FMR LLC lifted its stake in shares of IPG Photonics by 10.4% in the 3rd quarter. FMR LLC now owns 1,620 shares of the semiconductor company’s stock valued at $120,000 after acquiring an additional 153 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of IPG Photonics by 5.7% during the 4th quarter. Cerity Partners LLC now owns 3,030 shares of the semiconductor company’s stock valued at $222,000 after acquiring an additional 163 shares in the last quarter. Finally, Waterfront Wealth Inc. grew its position in IPG Photonics by 1.6% during the 4th quarter. Waterfront Wealth Inc. now owns 12,310 shares of the semiconductor company’s stock worth $895,000 after acquiring an additional 190 shares during the last quarter. Institutional investors own 93.79% of the company’s stock.

IPG Photonics Stock Performance

NASDAQ:IPGP opened at $62.89 on Tuesday. IPG Photonics has a 52 week low of $60.72 and a 52 week high of $92.21. The firm’s 50-day simple moving average is $71.46 and its 200 day simple moving average is $72.89. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of -15.05 and a beta of 0.95.

IPG Photonics (NASDAQ:IPGP) last announced its earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.23 by ($0.05). IPG Photonics had a positive return on equity of 2.98% and a negative net margin of 18.58%. Sell-side analysts anticipate that IPG Photonics will post 1.54 EPS for the current year.

About IPG Photonics

IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. Its laser products include hybrid fiber-solid state lasers with green and ultraviolet wavelengths; 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; and high-power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.