IPG Photonics (NASDAQ:IPGP) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Saturday.

Other research analysts have also recently issued reports about the stock. DA Davidson raised their price objective on shares of IPG Photonics to $235.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. Needham & Company LLC lifted their target price on shares of IPG Photonics from $210.00 to $230.00 and gave the stock a “buy” rating in a research note on Wednesday, November 1st. They noted that the move was a valuation call. Benchmark reaffirmed a “buy” rating and issued a $230.00 target price on shares of IPG Photonics in a research note on Wednesday, November 1st. ValuEngine raised shares of IPG Photonics from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Finally, Zacks Investment Research cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a research note on Tuesday, October 17th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $180.33.

Shares of IPG Photonics (NASDAQ:IPGP) traded down $4.85 during trading on Friday, reaching $224.13. 668,489 shares of the company’s stock were exchanged, compared to its average volume of 608,475. IPG Photonics has a 12 month low of $93.38 and a 12 month high of $248.23. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.46 and a current ratio of 9.02. The stock has a market capitalization of $12,276.96, a PE ratio of 33.72, a PEG ratio of 1.66 and a beta of 1.70.

IPG Photonics (NASDAQ:IPGP) last issued its earnings results on Tuesday, October 31st. The semiconductor company reported $2.11 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.79 by $0.32. IPG Photonics had a net margin of 27.85% and a return on equity of 21.17%. The company had revenue of $392.62 million during the quarter, compared to analysts’ expectations of $367.27 million. During the same period last year, the company posted $1.29 earnings per share. The firm’s quarterly revenue was up 47.6% compared to the same quarter last year. research analysts predict that IPG Photonics will post 7.01 earnings per share for the current fiscal year.

In other IPG Photonics news, SVP Eugene A. Shcherbakov sold 9,500 shares of IPG Photonics stock in a transaction on Monday, October 16th. The shares were sold at an average price of $198.79, for a total value of $1,888,505.00. Following the transaction, the senior vice president now owns 16,957 shares in the company, valued at approximately $3,370,882.03. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 33.80% of the stock is owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in the business. Harding Loevner LP lifted its holdings in shares of IPG Photonics by 86.6% during the 3rd quarter. Harding Loevner LP now owns 2,825,425 shares of the semiconductor company’s stock valued at $167,055,000 after acquiring an additional 1,311,384 shares in the last quarter. Jackson Square Partners LLC acquired a new position in shares of IPG Photonics during the 3rd quarter valued at $85,354,000. JPMorgan Chase & Co. lifted its holdings in shares of IPG Photonics by 50,089.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 326,735 shares of the semiconductor company’s stock valued at $47,409,000 after acquiring an additional 326,084 shares in the last quarter. BRILLIANCE ASSET MANAGEMENT Ltd lifted its holdings in shares of IPG Photonics by 142.5% during the 3rd quarter. BRILLIANCE ASSET MANAGEMENT Ltd now owns 531,811 shares of the semiconductor company’s stock valued at $98,417,000 after acquiring an additional 312,467 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of IPG Photonics by 8.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,054,060 shares of the semiconductor company’s stock valued at $443,143,000 after acquiring an additional 245,876 shares in the last quarter. Institutional investors own 59.99% of the company’s stock.

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IPG Photonics 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.

Analyst Recommendations for IPG Photonics (NASDAQ:IPGP)

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