IPG Photonics (IPGP) Now Covered by UBS Group

Analysts at UBS Group initiated coverage on shares of IPG Photonics (NASDAQ:IPGP) in a report issued on Friday, The Fly reports. The brokerage set a “neutral” rating on the semiconductor company’s stock.

A number of other equities research analysts have also recently issued reports on the stock. DA Davidson dropped their target price on shares of IPG Photonics to $180.00 and set a “buy” rating for the company in a research report on Wednesday, October 31st. Benchmark dropped their target price on shares of IPG Photonics from $170.00 to $162.00 and set a “buy” rating for the company in a research report on Wednesday, October 31st. ValuEngine upgraded shares of IPG Photonics from a “strong sell” rating to a “sell” rating in a research report on Wednesday, October 31st. Northcoast Research restated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 24th. Finally, Bank of America started coverage on shares of IPG Photonics in a research report on Friday, October 19th. They issued a “neutral” rating for the company. Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $219.75.

Shares of IPG Photonics stock opened at $141.29 on Friday. The stock has a market cap of $7.67 billion, a P/E ratio of 19.46, a PEG ratio of 2.10 and a beta of 1.77. The company has a quick ratio of 6.81, a current ratio of 8.64 and a debt-to-equity ratio of 0.02. IPG Photonics has a 12-month low of $107.59 and a 12-month high of $264.11.

IPG Photonics (NASDAQ:IPGP) last announced its earnings results on Tuesday, October 30th. The semiconductor company reported $1.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.01). The firm had revenue of $356.35 million for the quarter, compared to analyst estimates of $355.48 million. IPG Photonics had a return on equity of 20.30% and a net margin of 25.58%. The company’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.11 EPS. As a group, equities research analysts forecast that IPG Photonics will post 7.41 EPS for the current fiscal year.

In other IPG Photonics news, CAO Thomas J. Burgomaster sold 637 shares of the firm’s stock in a transaction dated Sunday, November 11th. The stock was sold at an average price of $90.85, for a total value of $57,871.45. Following the completion of the transaction, the chief accounting officer now owns 6,037 shares in the company, valued at approximately $548,461.45. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CAO Thomas J. Burgomaster sold 294 shares of the firm’s stock in a transaction dated Sunday, December 2nd. The stock was sold at an average price of $93.70, for a total value of $27,547.80. Following the completion of the transaction, the chief accounting officer now owns 6,037 shares of the company’s stock, valued at approximately $565,666.90. The disclosure for this sale can be found here. In the last three months, insiders sold 1,131 shares of company stock valued at $103,915. 33.80% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Psagot Investment House Ltd. bought a new stake in shares of IPG Photonics during the 2nd quarter valued at about $124,000. NumerixS Investment Technologies Inc bought a new stake in shares of IPG Photonics during the 2nd quarter valued at about $128,000. Migdal Insurance & Financial Holdings Ltd. boosted its position in shares of IPG Photonics by 205.3% during the 3rd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 638 shares of the semiconductor company’s stock valued at $100,000 after acquiring an additional 429 shares during the last quarter. Signet Financial Management LLC boosted its position in shares of IPG Photonics by 556.7% during the 2nd quarter. Signet Financial Management LLC now owns 683 shares of the semiconductor company’s stock valued at $151,000 after acquiring an additional 579 shares during the last quarter. Finally, Centaurus Financial Inc. bought a new stake in shares of IPG Photonics during the 2nd quarter valued at about $177,000. Institutional investors and hedge funds own 60.76% of the company’s stock.

IPG Photonics Company Profile

IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include low, medium, and high power lasers; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; laser diode chips and packaged laser diodes; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.

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Analyst Recommendations for IPG Photonics (NASDAQ:IPGP)

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