IPG Photonics Co. (NASDAQ:IPGP) Receives $93.50 Consensus PT from Analysts

Shares of IPG Photonics Co. (NASDAQ:IPGP) have been given an average rating of “Moderate Buy” by the six analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $93.50.

IPGP has been the subject of several research analyst reports. Raymond James lowered their target price on shares of IPG Photonics from $127.00 to $100.00 and set a “strong-buy” rating for the company in a report on Wednesday, July 31st. Benchmark cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. Finally, Stifel Nicolaus dropped their price objective on IPG Photonics from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st.

IPG Photonics Trading Up 0.3 %

Shares of IPGP stock opened at $75.59 on Wednesday. The company has a market cap of $3.44 billion, a P/E ratio of 19.48 and a beta of 1.00. The firm has a fifty day moving average price of $70.06 and a 200 day moving average price of $79.74. IPG Photonics has a 12 month low of $61.86 and a 12 month high of $111.11.

IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings data on Tuesday, July 30th. The semiconductor company reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.03). The business had revenue of $257.60 million for the quarter, compared to analyst estimates of $259.31 million. IPG Photonics had a return on equity of 5.99% and a net margin of 12.67%. The company’s revenue was down 24.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.31 earnings per share. On average, equities analysts forecast that IPG Photonics will post 1.38 EPS for the current year.

Hedge Funds Weigh In On IPG Photonics

Several institutional investors have recently added to or reduced their stakes in IPGP. Pacer Advisors Inc. grew its stake in shares of IPG Photonics by 58.7% in the 2nd quarter. Pacer Advisors Inc. now owns 489,181 shares of the semiconductor company’s stock valued at $41,282,000 after purchasing an additional 180,951 shares during the last quarter. M&G Plc acquired a new stake in shares of IPG Photonics during the first quarter worth $15,929,000. Dimensional Fund Advisors LP grew its position in IPG Photonics by 14.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 996,029 shares of the semiconductor company’s stock valued at $84,054,000 after buying an additional 125,958 shares during the last quarter. Motley Fool Asset Management LLC increased its stake in IPG Photonics by 602.2% in the 1st quarter. Motley Fool Asset Management LLC now owns 87,928 shares of the semiconductor company’s stock valued at $7,974,000 after buying an additional 75,407 shares during the period. Finally, Bank of New York Mellon Corp raised its position in IPG Photonics by 26.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 303,113 shares of the semiconductor company’s stock worth $25,580,000 after buying an additional 63,369 shares during the last quarter. Institutional investors and hedge funds own 93.79% of the company’s stock.

IPG Photonics Company Profile

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.