Analysts Set IPG Photonics Co. (NASDAQ:IPGP) Target Price at $87.75

Shares of IPG Photonics Co. (NASDAQ:IPGP) have earned an average recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat Ratings 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 twelve-month price objective among brokerages that have covered the stock in the last year is $85.40.

IPGP has been the topic of a number of research analyst reports. CL King upgraded IPG Photonics from a “neutral” rating to a “buy” rating and set a $76.00 target price on the stock in a report on Tuesday. Northcoast Research downgraded IPG Photonics from a “buy” rating to a “neutral” rating in a report on Wednesday, December 4th. Stifel Nicolaus reduced their target price on IPG Photonics from $100.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Needham & Company LLC reiterated a “hold” rating on shares of IPG Photonics in a report on Wednesday, February 12th. Finally, Citigroup reduced their target price on IPG Photonics from $62.00 to $60.00 and set a “sell” rating on the stock in a report on Tuesday, February 18th.

Institutional Trading of IPG Photonics

Several institutional investors have recently added to or reduced their stakes in IPGP. Pacific Heights Asset Management LLC boosted its stake in IPG Photonics by 375.0% during the 4th quarter. Pacific Heights Asset Management LLC now owns 304,000 shares of the semiconductor company’s stock valued at $22,107,000 after purchasing an additional 240,000 shares during the last quarter. Pacer Advisors Inc. boosted its stake in IPG Photonics by 37.2% during the 3rd quarter. Pacer Advisors Inc. now owns 671,025 shares of the semiconductor company’s stock valued at $49,871,000 after purchasing an additional 181,844 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in IPG Photonics by 14.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,352,246 shares of the semiconductor company’s stock valued at $98,335,000 after purchasing an additional 173,584 shares during the last quarter. Retirement Systems of Alabama boosted its stake in IPG Photonics by 437.2% during the 4th quarter. Retirement Systems of Alabama now owns 178,925 shares of the semiconductor company’s stock valued at $13,011,000 after purchasing an additional 145,616 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in IPG Photonics during the 4th quarter valued at $8,815,000. 93.79% of the stock is currently owned by hedge funds and other institutional investors.

IPG Photonics Price Performance

IPGP opened at $66.26 on Friday. The business has a 50 day simple moving average of $67.00 and a two-hundred day simple moving average of $71.98. The firm has a market capitalization of $2.82 billion, a price-to-earnings ratio of -15.85 and a beta of 1.04. IPG Photonics has a one year low of $56.71 and a one year high of $92.21.

IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). IPG Photonics had a negative net margin of 18.58% and a positive return on equity of 2.98%. As a group, sell-side analysts expect that IPG Photonics will post 1.54 EPS for the current fiscal year.

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.