IPG Photonics Corporation (NASDAQ:IPGP) Receives Consensus Rating of "Hold" from Analysts

IPG Photonics Corporation (NASDAQ:IPGP - Get Free Report) has been given a consensus rating of "Hold" by the seven analysts that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $69.50.

Several equities research analysts have issued reports on the company. Wall Street Zen raised IPG Photonics from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Stifel Nicolaus set a $72.00 price target on IPG Photonics in a report on Monday, April 28th. Finally, 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.

IPG Photonics Stock Performance

NASDAQ IPGP traded up $0.19 during trading hours on Friday, reaching $74.63. 183,695 shares of the company's stock were exchanged, compared to its average volume of 290,560. The company's 50-day moving average is $68.80 and its two-hundred day moving average is $65.55. IPG Photonics has a one year low of $48.59 and a one year high of $90.53. The company has a market capitalization of $3.17 billion, a price-to-earnings ratio of -16.19, a price-to-earnings-growth ratio of 11.99 and a beta of 0.90.

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

IPG Photonics Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a yield of 1.77%.

Institutional Trading of IPG Photonics

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cerity Partners LLC grew its holdings in shares of IPG Photonics by 5.7% during the fourth quarter. Cerity Partners LLC now owns 3,030 shares of the semiconductor company's stock worth $222,000 after purchasing an additional 163 shares during the last quarter. Inspire Investing LLC lifted its stake in shares of IPG Photonics by 2.8% in the first quarter. Inspire Investing LLC now owns 6,383 shares of the semiconductor company's stock worth $403,000 after acquiring an additional 176 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of IPG Photonics by 4.8% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,274 shares of the semiconductor company's stock worth $311,000 after acquiring an additional 194 shares during the period. Xponance Inc. lifted its stake in shares of IPG Photonics by 7.6% in the fourth quarter. Xponance Inc. now owns 3,201 shares of the semiconductor company's stock worth $233,000 after acquiring an additional 226 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of IPG Photonics by 4.6% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 5,408 shares of the semiconductor company's stock worth $341,000 after acquiring an additional 236 shares during the period. 93.79% of the stock is currently owned by institutional investors.

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.