Analysts Set IPG Photonics Corporation (NASDAQ:IPGP) PT at $69.50

IPG Photonics Corporation (NASDAQ:IPGP - Get Free Report) has been given an average recommendation of "Hold" by the seven analysts that are currently covering the company, Marketbeat.com reports. One investment 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 12-month price objective among brokers that have issued ratings on the stock in the last year is $69.50.

Several research analysts have recently commented on the company. Raymond James Financial decreased their target price on IPG Photonics from $80.00 to $70.00 and set a "strong-buy" rating for the company in a research report on Wednesday, May 7th. Wall Street Zen upgraded IPG Photonics from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. CL King upgraded IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 target price for the company in a research report on Tuesday, March 18th. Finally, Stifel Nicolaus set a $72.00 target price on IPG Photonics in a research report on Monday, April 28th.

IPG Photonics Trading Up 1.5%

NASDAQ IPGP traded up $1.05 during mid-day trading on Monday, reaching $68.84. 156,568 shares of the company's stock traded hands, compared to its average volume of 292,166. IPG Photonics has a 1-year low of $48.59 and a 1-year high of $92.21. The company has a fifty day simple moving average of $64.04 and a 200-day simple moving average of $65.86. The company has a market cap of $2.93 billion, a price-to-earnings ratio of -14.93, a P/E/G ratio of 10.92 and a beta of 0.90.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last issued its earnings results on Tuesday, May 6th. The semiconductor company reported $0.31 EPS 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 analyst estimates of $227.00 million. IPG Photonics had a positive return on equity of 2.56% and a negative net margin of 21.18%. The business's revenue was down 9.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.52 EPS. Equities research analysts forecast that IPG Photonics will post 1.54 earnings per share for the current fiscal year.

IPG Photonics Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.92%.

Institutional Trading of IPG Photonics

Several hedge funds have recently made changes to their positions in IPGP. Larson Financial Group LLC bought a new stake in shares of IPG Photonics in the 1st quarter worth approximately $39,000. UMB Bank n.a. lifted its holdings in shares of IPG Photonics by 107.5% in the 1st quarter. UMB Bank n.a. now owns 635 shares of the semiconductor company's stock worth $40,000 after purchasing an additional 329 shares during the last quarter. Venturi Wealth Management LLC raised its stake in IPG Photonics by 355.7% during the 4th quarter. Venturi Wealth Management LLC now owns 1,048 shares of the semiconductor company's stock valued at $76,000 after acquiring an additional 818 shares in the last quarter. SRS Capital Advisors Inc. raised its stake in IPG Photonics by 463.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,065 shares of the semiconductor company's stock valued at $77,000 after acquiring an additional 876 shares in the last quarter. Finally, Headlands Technologies LLC bought a new stake in IPG Photonics during the 4th quarter valued at $87,000. Institutional investors own 93.79% of the company's stock.

IPG Photonics Company Profile

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.