IPG Photonics Corporation (NASDAQ:IPGP) Given Consensus Recommendation of “Hold” by Analysts

IPG Photonics Corporation (NASDAQ:IPGPGet Free Report) has been assigned a consensus rating of “Hold” from the seven research firms that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $69.50.

A number of equities analysts have recently weighed in on the company. Raymond James Financial cut their price target on IPG Photonics from $80.00 to $70.00 and set a “strong-buy” rating for the company in a report on Wednesday, May 7th. CL King raised IPG Photonics from a “neutral” rating to a “buy” rating and set a $76.00 price target for the company in a report on Tuesday, March 18th. Wall Street Zen raised IPG Photonics from a “sell” rating to a “hold” rating in a report on Thursday, May 15th. Finally, Stifel Nicolaus set a $72.00 price target on IPG Photonics in a report on Monday, April 28th.

Check Out Our Latest Stock Report on IPGP

IPG Photonics Stock Performance

Shares of IPGP stock opened at $66.01 on Monday. The stock has a fifty day moving average price of $62.85 and a 200 day moving average price of $65.98. The stock has a market cap of $2.81 billion, a PE ratio of -14.32, a P/E/G ratio of 10.64 and a beta of 0.90. IPG Photonics has a 1 year low of $48.59 and a 1 year high of $92.21.

IPG Photonics (NASDAQ:IPGPGet Free Report) last issued its quarterly earnings data on Tuesday, May 6th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.10. The firm had revenue of $227.79 million during the quarter, compared to analysts’ expectations of $227.00 million. IPG Photonics had a positive return on equity of 2.56% and a negative net margin of 21.18%. IPG Photonics’s revenue was down 9.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.52 earnings per share. As a group, equities research analysts predict that IPG Photonics will post 1.54 earnings per share for the current year.

IPG Photonics Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.00%.

Hedge Funds Weigh In On IPG Photonics

Several institutional investors have recently added to or reduced their stakes in IPGP. Rhumbline Advisers increased its stake in IPG Photonics by 0.8% in the fourth quarter. Rhumbline Advisers now owns 75,503 shares of the semiconductor company’s stock valued at $5,491,000 after purchasing an additional 580 shares during the last quarter. Venturi Wealth Management LLC increased its stake in IPG Photonics by 355.7% in the fourth quarter. Venturi Wealth Management LLC now owns 1,048 shares of the semiconductor company’s stock valued at $76,000 after purchasing an additional 818 shares during the last quarter. Handelsbanken Fonder AB increased its stake in IPG Photonics by 16.3% in the fourth quarter. Handelsbanken Fonder AB now owns 10,000 shares of the semiconductor company’s stock valued at $727,000 after purchasing an additional 1,400 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in IPG Photonics in the fourth quarter valued at $244,000. Finally, Fisher Asset Management LLC increased its stake in IPG Photonics by 30.1% in the fourth quarter. Fisher Asset Management LLC now owns 249,830 shares of the semiconductor company’s stock valued at $18,168,000 after purchasing an additional 57,780 shares during the last quarter. 93.79% of the stock is currently owned by institutional investors and hedge funds.

IPG Photonics Company Profile

(Get Free Report

IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. Its laser products include hybrid fiber-solid state lasers with green and ultraviolet wavelengths; 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; and high-power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.

Further Reading

Analyst Recommendations for IPG Photonics (NASDAQ:IPGP)

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