Analysts Set Expectations for IPG Photonics Corporation’s Q1 2019 Earnings (IPGP)
IPG Photonics Corporation (NASDAQ:IPGP) – Analysts at DA Davidson issued their Q1 2019 EPS estimates for IPG Photonics Corporation in a research note issued to investors on Tuesday. DA Davidson analyst T. Diffely anticipates that the semiconductor company will post earnings per share of $1.68 for the quarter. DA Davidson currently has a “Buy” rating and a $220.00 price target on the stock. DA Davidson also issued estimates for IPG Photonics Corporation’s Q2 2019 earnings at $1.99 EPS, Q3 2019 earnings at $2.34 EPS and FY2019 earnings at $8.00 EPS.
A number of other equities research analysts also recently commented on the company. ValuEngine downgraded IPG Photonics Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Stifel Nicolaus restated a “hold” rating and issued a $170.00 price target (up from $165.00) on shares of IPG Photonics Corporation in a report on Friday, September 1st. Canaccord Genuity increased their price target on IPG Photonics Corporation from $152.00 to $162.00 and gave the stock a “hold” rating in a report on Wednesday, August 2nd. Benchmark Co. restated a “buy” rating and issued a $180.00 price target on shares of IPG Photonics Corporation in a report on Wednesday, August 2nd. Finally, Needham & Company LLC restated a “buy” rating and issued a $182.00 price target (up from $160.00) on shares of IPG Photonics Corporation in a report on Tuesday, August 1st. Four investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $158.75.
IPG Photonics Corporation (NASDAQ IPGP) traded up 1.128% during trading on Thursday, hitting $196.825. The company had a trading volume of 212,975 shares. The firm has a 50-day moving average of $180.44 and a 200 day moving average of $151.44. The company has a market capitalization of $10.59 billion, a price-to-earnings ratio of 32.958 and a beta of 1.68. IPG Photonics Corporation has a 12-month low of $81.00 and a 12-month high of $198.41.
IPG Photonics Corporation (NASDAQ:IPGP) last released its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $1.91 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.63 by $0.28. IPG Photonics Corporation had a return on equity of 19.75% and a net margin of 26.84%. The business had revenue of $369.37 million during the quarter, compared to analyst estimates of $333.06 million. During the same quarter last year, the company posted $1.25 EPS. IPG Photonics Corporation’s revenue for the quarter was up 46.1% on a year-over-year basis.
In other news, Director William S. Hurley sold 8,167 shares of the company’s stock in a transaction dated Thursday, August 24th. The stock was sold at an average price of $165.42, for a total transaction of $1,350,985.14. Following the completion of the transaction, the director now directly owns 12,672 shares of the company’s stock, valued at $2,096,202.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Alexander Ovtchinnikov sold 12,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The stock was sold at an average price of $160.30, for a total value of $1,923,600.00. Following the transaction, the senior vice president now directly owns 83,595 shares of the company’s stock, valued at $13,400,278.50. The disclosure for this sale can be found here. Insiders have sold 62,017 shares of company stock valued at $10,070,761 over the last ninety days. 33.80% of the stock is owned by insiders.
Several hedge funds have recently bought and sold shares of IPGP. BlackRock Inc. boosted its position in shares of IPG Photonics Corporation by 15,820.1% during the first quarter. BlackRock Inc. now owns 2,957,324 shares of the semiconductor company’s stock worth $356,949,000 after buying an additional 2,938,748 shares during the period. JPMorgan Chase & Co. boosted its position in IPG Photonics Corporation by 50,089.7% during the second quarter. JPMorgan Chase & Co. now owns 326,735 shares of the semiconductor company’s stock valued at $47,409,000 after purchasing an additional 326,084 shares during the last quarter. Vanguard Group Inc. boosted its position in IPG Photonics Corporation by 8.8% during the second quarter. Vanguard Group Inc. now owns 3,054,060 shares of the semiconductor company’s stock valued at $443,143,000 after purchasing an additional 245,876 shares during the last quarter. BRILLIANCE ASSET MANAGEMENT Ltd acquired a new position in IPG Photonics Corporation during the second quarter valued at approximately $31,827,000. Finally, Clearbridge Investments LLC boosted its position in IPG Photonics Corporation by 25.6% during the first quarter. Clearbridge Investments LLC now owns 934,882 shares of the semiconductor company’s stock valued at $112,840,000 after purchasing an additional 190,514 shares during the last quarter. 59.07% of the stock is owned by institutional investors.
IPG Photonics Corporation Company Profile
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.
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