IPG Photonics Corporation (IPGP) Director Sells $1,287,600.00 in Stock
IPG Photonics Corporation (NASDAQ:IPGP) Director Henry E. Gauthier sold 5,000 shares of the stock in a transaction on Friday, January 12th. The shares were sold at an average price of $257.52, for a total transaction of $1,287,600.00. Following the transaction, the director now owns 15,104 shares in the company, valued at $3,889,582.08. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.
IPG Photonics Corporation (NASDAQ IPGP) traded up $0.66 during trading on Wednesday, hitting $260.95. 615,925 shares of the stock were exchanged, compared to its average volume of 600,229. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.46 and a current ratio of 9.02. IPG Photonics Corporation has a one year low of $98.05 and a one year high of $264.11. The company has a market cap of $14,050.00, a P/E ratio of 38.38, a P/E/G ratio of 2.82 and a beta of 1.71.
IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings results on Tuesday, October 31st. The semiconductor company reported $2.11 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to the consensus estimate of $367.27 million. During the same period last year, the firm posted $1.29 EPS. The company’s revenue for the quarter was up 47.6% on a year-over-year basis. equities analysts expect that IPG Photonics Corporation will post 7.13 EPS for the current year.
A number of research firms have commented on IPGP. BidaskClub upgraded shares of IPG Photonics from a “buy” rating to a “strong-buy” rating in a research note on Friday, January 5th. ValuEngine downgraded shares of IPG Photonics from a “buy” rating to a “hold” rating in a research note on Friday, December 1st. Zacks Investment Research downgraded shares of IPG Photonics from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, January 2nd. DA Davidson increased their price objective on shares of IPG Photonics to $235.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. Finally, Needham & Company LLC increased their price objective on shares of IPG Photonics from $210.00 to $230.00 and gave the company a “buy” rating in a research note on Wednesday, November 1st. They noted that the move was a valuation call. Five 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. IPG Photonics has a consensus rating of “Buy” and an average price target of $180.33.
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.
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