IPG Photonics (IPGP) Stock Rating Reaffirmed by Benchmark

IPG Photonics (NASDAQ:IPGP)‘s stock had its “buy” rating reiterated by analysts at Benchmark in a note issued to investors on Tuesday. They currently have a $255.00 price target on the semiconductor company’s stock. Benchmark’s price objective would indicate a potential upside of 6.53% from the company’s previous close.

A number of other research analysts have also recently weighed in on the stock. Canaccord Genuity lifted their price objective on shares of IPG Photonics from $210.00 to $235.00 and gave the company a “hold” rating in a report on Tuesday. Northcoast Research reiterated a “buy” rating and issued a $290.00 target price on shares of IPG Photonics in a research report on Wednesday, January 31st. Needham & Company LLC lifted their target price on shares of IPG Photonics from $230.00 to $280.00 and gave the company a “buy” rating in a research report on Wednesday, January 24th. BidaskClub upgraded shares of IPG Photonics from a “buy” rating to a “strong-buy” rating in a research report on Friday, January 5th. Finally, Zacks Investment Research lowered shares of IPG Photonics from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 2nd. Five analysts have rated the stock with a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $206.10.

IPG Photonics (IPGP) opened at $239.36 on Tuesday. IPG Photonics has a fifty-two week low of $116.02 and a fifty-two week high of $264.11. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.82 and a quick ratio of 7.27. The firm has a market cap of $12,833.50, a price-to-earnings ratio of 37.64, a price-to-earnings-growth ratio of 2.62 and a beta of 1.88.

IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings data on Friday, February 16th. The semiconductor company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.14. IPG Photonics had a net margin of 24.67% and a return on equity of 21.29%. The company had revenue of $361.10 million during the quarter, compared to analysts’ expectations of $345.63 million. During the same quarter in the previous year, the company earned $1.39 earnings per share. The firm’s revenue for the quarter was up 28.9% on a year-over-year basis. equities research analysts expect that IPG Photonics will post 7.63 EPS for the current fiscal year.

In related news, SVP Angelo P. Lopresti sold 9,500 shares of the business’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $261.49, for a total transaction of $2,484,155.00. Following the transaction, the senior vice president now directly owns 46,765 shares in the company, valued at $12,228,579.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Trevor Ness sold 10,000 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $208.17, for a total transaction of $2,081,700.00. Following the transaction, the senior vice president now owns 22,906 shares in the company, valued at $4,768,342.02. The disclosure for this sale can be found here. In the last quarter, insiders sold 49,500 shares of company stock worth $11,979,620. Company insiders own 33.80% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. boosted its position in IPG Photonics by 20.1% during the fourth quarter. BlackRock Inc. now owns 3,874,614 shares of the semiconductor company’s stock worth $829,672,000 after acquiring an additional 648,145 shares during the last quarter. Harding Loevner LP boosted its position in IPG Photonics by 86.6% during the third quarter. Harding Loevner LP now owns 2,825,425 shares of the semiconductor company’s stock worth $167,055,000 after acquiring an additional 1,311,384 shares during the last quarter. Eagle Asset Management Inc. boosted its position in IPG Photonics by 3.1% during the fourth quarter. Eagle Asset Management Inc. now owns 771,707 shares of the semiconductor company’s stock worth $167,036,000 after acquiring an additional 22,959 shares during the last quarter. Carillon Tower Advisers Inc. acquired a new position in IPG Photonics during the fourth quarter worth about $134,367,000. Finally, BRILLIANCE ASSET MANAGEMENT Ltd boosted its position in IPG Photonics by 14.2% during the fourth quarter. BRILLIANCE ASSET MANAGEMENT Ltd now owns 607,405 shares of the semiconductor company’s stock worth $130,064,000 after acquiring an additional 75,594 shares during the last quarter. Hedge funds and other institutional investors own 57.33% of the company’s stock.

COPYRIGHT VIOLATION WARNING: “IPG Photonics (IPGP) Stock Rating Reaffirmed by Benchmark” was first reported by StockNewsTimes and is the property of of StockNewsTimes. If you are accessing this news story on another domain, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The original version of this news story can be accessed at https://stocknewstimes.com/2018/02/20/ipg-photonics-ipgp-stock-rating-reaffirmed-by-benchmark.html.

IPG Photonics Company Profile

IPG Photonics Corporation is a developer and manufacturer of a line of fiber lasers, fiber amplifiers, diode lasers, laser systems and optical accessories that are used for various applications. The Company offers a line of lasers and amplifiers, which are used in materials processing, communications and medical applications.

Analyst Recommendations for IPG Photonics (NASDAQ:IPGP)

Receive News & Ratings for IPG Photonics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for IPG Photonics and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply