IPG Photonics Corporation (NASDAQ:IPGP) released its quarterly earnings data on Tuesday. The semiconductor company reported $2.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.79 by $0.32, Briefing.com reports. IPG Photonics Corporation had a return on equity of 19.75% and a net margin of 26.84%. The business had revenue of $392.62 million for the quarter, compared to the consensus estimate of $367.27 million. During the same quarter in the previous year, the company posted $1.29 EPS. The company’s revenue was up 47.6% compared to the same quarter last year. IPG Photonics Corporation updated its Q4 guidance to $1.55-1.80 EPS.

IPG Photonics Corporation (IPGP) traded up 2.55% during trading on Tuesday, reaching $212.91. The company had a trading volume of 1,135,708 shares. The company’s 50-day moving average is $191.94 and its 200 day moving average is $159.60. The firm has a market capitalization of $11.46 billion, a price-to-earnings ratio of 35.65 and a beta of 1.68. IPG Photonics Corporation has a 52 week low of $92.88 and a 52 week high of $219.64.

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In other news, SVP Eugene A. Shcherbakov sold 9,500 shares of IPG Photonics Corporation stock in a transaction dated Monday, October 16th. The stock was sold at an average price of $198.79, for a total transaction of $1,888,505.00. Following the sale, the senior vice president now owns 16,957 shares in the company, valued at $3,370,882.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Alexander Ovtchinnikov sold 12,000 shares of IPG Photonics Corporation 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 sale, the senior vice president now owns 83,595 shares in the company, valued at approximately $13,400,278.50. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 63,017 shares of company stock valued at $10,647,886. Company insiders own 33.80% of the company’s stock.

A number of equities analysts have recently commented on the company. Needham & Company LLC reiterated a “buy” rating and issued a $182.00 target price (up previously from $160.00) on shares of IPG Photonics Corporation in a report on Tuesday, August 1st. Zacks Investment Research upgraded IPG Photonics Corporation from a “hold” rating to a “strong-buy” rating and set a $240.00 target price for the company in a report on Friday. Canaccord Genuity lifted their target price 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. reiterated a “buy” rating and issued a $180.00 target price on shares of IPG Photonics Corporation in a report on Wednesday, August 2nd. Finally, ValuEngine upgraded IPG Photonics Corporation from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Four equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $170.89.

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.

Earnings History for IPG Photonics Corporation (NASDAQ:IPGP)

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