IPG Photonics Corporation (NASDAQ:IPGP) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• IPG Photonics Corporation has received a consensus recommendation of "Moderate Buy" from eight analysts, with an average 12-month price target of $75.00.
• Director Jeanmarie F. Desmond sold 1,360 shares at an average price of $76.24, resulting in a 12.25% decrease in ownership, while corporate insiders own 39.50% of the stock.
• The company's recent quarterly earnings report beat expectations, with earnings per share of $0.30 and revenue of $250.72 million, despite a 2.7% year-over-year decrease in revenue.

IPG Photonics Corporation (NASDAQ:IPGP - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the eight analysts that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $75.00.

A number of analysts have weighed in on IPGP shares. Raymond James Financial lowered their price target on IPG Photonics from $80.00 to $70.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, May 7th. Stifel Nicolaus set a $72.00 price objective on IPG Photonics in a research note on Monday, April 28th. Wall Street Zen raised IPG Photonics from a "sell" rating to a "hold" rating in a research note on Saturday. Finally, Sanford C. Bernstein raised IPG Photonics from a "market perform" rating to an "outperform" rating and set a $97.00 price objective on the stock in a research note on Thursday, August 7th.

Insider Buying and Selling

In other news, Director Jeanmarie F. Desmond sold 1,360 shares of the company's stock in a transaction on Friday, August 8th. The stock was sold at an average price of $76.24, for a total transaction of $103,686.40. Following the transaction, the director owned 9,740 shares of the company's stock, valued at $742,577.60. This represents a 12.25% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 39.50% of the company's stock.

Hedge Funds Weigh In On IPG Photonics

Large investors have recently made changes to their positions in the company. True Wealth Design LLC lifted its stake in shares of IPG Photonics by 1,621.7% during the second quarter. True Wealth Design LLC now owns 396 shares of the semiconductor company's stock valued at $27,000 after acquiring an additional 373 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in shares of IPG Photonics by 207.1% during the second quarter. Nomura Asset Management Co. Ltd. now owns 430 shares of the semiconductor company's stock valued at $30,000 after acquiring an additional 290 shares during the period. Larson Financial Group LLC acquired a new position in shares of IPG Photonics during the first quarter valued at $39,000. UMB Bank n.a. lifted its stake in shares of IPG Photonics by 107.5% during the first quarter. UMB Bank n.a. now owns 635 shares of the semiconductor company's stock valued at $40,000 after acquiring an additional 329 shares during the period. Finally, Signaturefd LLC lifted its stake in shares of IPG Photonics by 76.9% during the second quarter. Signaturefd LLC now owns 764 shares of the semiconductor company's stock valued at $52,000 after acquiring an additional 332 shares during the period. Institutional investors and hedge funds own 93.79% of the company's stock.

IPG Photonics Price Performance

Shares of NASDAQ:IPGP opened at $75.46 on Tuesday. The business's fifty day moving average price is $72.06 and its two-hundred day moving average price is $65.63. IPG Photonics has a fifty-two week low of $48.59 and a fifty-two week high of $88.50. The stock has a market capitalization of $3.19 billion, a price-to-earnings ratio of -15.40, a price-to-earnings-growth ratio of 21.55 and a beta of 0.88.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last announced its quarterly earnings results on Tuesday, August 5th. The semiconductor company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.10 by $0.20. IPG Photonics had a positive return on equity of 2.25% and a negative net margin of 22.77%. The firm had revenue of $250.72 million for the quarter, compared to analysts' expectations of $228.20 million. During the same period in the prior year, the business posted $0.45 earnings per share. The business's revenue was down 2.7% compared to the same quarter last year. Research analysts expect that IPG Photonics will post 1.54 EPS for the current fiscal year.

IPG Photonics Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.7%.

About IPG Photonics

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.

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