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

by · The Cerbat Gem

Shares of IPG Photonics Co. (NASDAQ:IPGP – Get Free Report) have earned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $93.50.

A number of research analysts have recently commented on the company. Stifel Nicolaus lowered their price target on IPG Photonics from $115.00 to $100.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Raymond James lowered their price target on IPG Photonics from $127.00 to $100.00 and set a “strong-buy” rating on the stock in a report on Wednesday, July 31st. Finally, Benchmark cut IPG Photonics from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st.

Get Our Latest Analysis on IPG Photonics

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the company. Fiera Capital Corp boosted its stake in IPG Photonics by 0.9% during the second quarter. Fiera Capital Corp now owns 22,541 shares of the semiconductor company’s stock valued at $1,902,000 after buying an additional 193 shares in the last quarter. State of Michigan Retirement System boosted its position in shares of IPG Photonics by 2.8% in the 1st quarter. State of Michigan Retirement System now owns 7,300 shares of the semiconductor company’s stock valued at $662,000 after purchasing an additional 200 shares during the period. Commonwealth Equity Services LLC boosted its position in shares of IPG Photonics by 4.2% in the 2nd quarter. Commonwealth Equity Services LLC now owns 6,937 shares of the semiconductor company’s stock valued at $585,000 after purchasing an additional 278 shares during the period. Texas Permanent School Fund Corp boosted its position in shares of IPG Photonics by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 25,871 shares of the semiconductor company’s stock valued at $2,346,000 after purchasing an additional 334 shares during the period. Finally, Inspire Investing LLC boosted its position in shares of IPG Photonics by 11.2% in the 1st quarter. Inspire Investing LLC now owns 3,922 shares of the semiconductor company’s stock valued at $356,000 after purchasing an additional 395 shares during the period. Institutional investors own 93.79% of the company’s stock.

IPG Photonics Price Performance

Shares of NASDAQ IPGP opened at $74.63 on Wednesday. The firm has a market capitalization of $3.40 billion, a PE ratio of 19.23 and a beta of 1.00. IPG Photonics has a 1-year low of $61.86 and a 1-year high of $111.11. The business’s fifty day moving average price is $70.39 and its two-hundred day moving average price is $79.57.

IPG Photonics (NASDAQ:IPGP – Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The semiconductor company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates 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 net margin of 12.67% and a return on equity of 5.99%. IPG Photonics’s revenue for the quarter was down 24.2% on a year-over-year basis. During the same period last year, the business posted $1.31 earnings per share. Equities research analysts expect that IPG Photonics will post 1.38 earnings per share for the current fiscal year.

About IPG Photonics

(Get Free Report

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.

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