IPG Photonics Corporation (NASDAQ:IPGP) has been assigned an average recommendation of “Buy” from the twelve ratings firms that are covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $180.33.

Several equities analysts have weighed in on the stock. BidaskClub downgraded shares of IPG Photonics from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd. ValuEngine downgraded shares of IPG Photonics from a “buy” rating to a “hold” rating in a report on Friday, December 1st. DA Davidson lifted their price target on shares of IPG Photonics to $235.00 and gave the company a “buy” rating in a report on Wednesday, November 1st. Needham & Company LLC lifted their price objective on shares of IPG Photonics from $210.00 to $230.00 and gave the company a “buy” rating in a research report on Wednesday, November 1st. They noted that the move was a valuation call. Finally, Benchmark reiterated a “buy” rating and set a $230.00 price objective on shares of IPG Photonics in a research report on Wednesday, November 1st.

In other news, SVP Trevor Ness sold 10,000 shares of IPG Photonics stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $208.17, for a total transaction of $2,081,700.00. Following the sale, the senior vice president now owns 22,906 shares in the company, valued at $4,768,342.02. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Eugene A. Shcherbakov sold 9,500 shares of IPG Photonics stock in a transaction that occurred on Monday, October 16th. The shares were 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 approximately $3,370,882.03. The disclosure for this sale can be found here. Company insiders own 33.80% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in IPGP. Bank of Montreal Can increased its position in IPG Photonics by 1,655.8% in the second quarter. Bank of Montreal Can now owns 10,816 shares of the semiconductor company’s stock worth $1,569,000 after purchasing an additional 10,200 shares during the last quarter. Aperio Group LLC increased its position in IPG Photonics by 11.4% in the second quarter. Aperio Group LLC now owns 7,451 shares of the semiconductor company’s stock worth $1,081,000 after purchasing an additional 763 shares during the last quarter. Russell Investments Group Ltd. increased its position in IPG Photonics by 2.5% in the second quarter. Russell Investments Group Ltd. now owns 29,633 shares of the semiconductor company’s stock worth $4,301,000 after purchasing an additional 710 shares during the last quarter. CIBC Asset Management Inc bought a new stake in IPG Photonics in the second quarter worth $240,000. Finally, World Asset Management Inc increased its position in IPG Photonics by 5.1% in the second quarter. World Asset Management Inc now owns 2,683 shares of the semiconductor company’s stock worth $389,000 after purchasing an additional 131 shares during the last quarter. Institutional investors own 56.44% of the company’s stock.

IPG Photonics (IPGP) opened at $207.33 on Friday. The company has a current ratio of 9.02, a quick ratio of 7.46 and a debt-to-equity ratio of 0.02. IPG Photonics has a 1-year low of $95.04 and a 1-year high of $248.23. The firm has a market cap of $11,160.00, a P/E ratio of 29.89, a price-to-earnings-growth ratio of 1.47 and a beta of 1.70.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported $2.11 earnings per share for the quarter, beating the 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 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 firm earned $1.29 earnings per share. The company’s revenue for the quarter was up 47.6% on a year-over-year basis. equities research analysts forecast that IPG Photonics will post 7.01 EPS for the current fiscal year.

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About IPG Photonics

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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