Shares of IPG Photonics Corp. (NASDAQ:IPGP) have been assigned a consensus rating of “Buy” from the ten ratings firms that are presently covering the stock. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $96.50.

IPGP has been the subject of several research reports. Zacks Investment Research lowered shares of IPG Photonics Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, September 28th. Canaccord Genuity set a $100.00 price objective on shares of IPG Photonics Corp. and gave the company a “buy” rating in a research report on Thursday, August 11th. Needham & Company LLC restated a “buy” rating and set a $96.00 price objective (down previously from $98.00) on shares of IPG Photonics Corp. in a research report on Monday, August 1st. restated an “outperform” rating and set a $92.00 price objective on shares of IPG Photonics Corp. in a research report on Tuesday, September 13th. Finally, Summit Redstone restated a “buy” rating on shares of IPG Photonics Corp. in a research report on Thursday, July 28th.

Shares of IPG Photonics Corp. (NASDAQ:IPGP) traded down 1.56% during trading on Tuesday, reaching $96.08. 99,362 shares of the company traded hands. The firm has a market capitalization of $5.10 billion, a PE ratio of 20.98 and a beta of 2.07. IPG Photonics Corp. has a 12 month low of $73.55 and a 12 month high of $102.90. The firm has a 50-day moving average price of $89.38 and a 200-day moving average price of $85.16.

IPG Photonics Corp. (NASDAQ:IPGP) last released its earnings results on Thursday, October 27th. The company reported $1.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.23 by $0.06. The firm had revenue of $266 million for the quarter, compared to analysts’ expectations of $255.27 million. IPG Photonics Corp. had a net margin of 25.83% and a return on equity of 17.73%. IPG Photonics Corp.’s quarterly revenue was up 9.2% on a year-over-year basis. During the same quarter last year, the company earned $1.18 EPS. Equities research analysts anticipate that IPG Photonics Corp. will post $4.71 EPS for the current year.

In other news, SVP Angelo P. Lopresti sold 5,589 shares of the stock in a transaction that occurred on Monday, November 7th. The shares were sold at an average price of $96.30, for a total value of $538,220.70. Following the completion of the sale, the senior vice president now directly owns 41,693 shares of the company’s stock, valued at $4,015,035.90. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Angelo P. Lopresti sold 1,911 shares of the stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $96.31, for a total transaction of $184,048.41. Following the completion of the sale, the senior vice president now directly owns 47,282 shares of the company’s stock, valued at $4,553,729.42. The disclosure for this sale can be found here. 34.20% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in IPG Photonics Corp. by 2.7% in the second quarter. Vanguard Group Inc. now owns 2,524,446 shares of the company’s stock worth $201,956,000 after buying an additional 66,242 shares during the period. BlackRock Fund Advisors raised its stake in IPG Photonics Corp. by 5.8% in the third quarter. BlackRock Fund Advisors now owns 1,375,526 shares of the company’s stock worth $113,275,000 after buying an additional 75,720 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in IPG Photonics Corp. by 6.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,094,770 shares of the company’s stock worth $87,582,000 after buying an additional 64,816 shares during the period. State Street Corp raised its stake in IPG Photonics Corp. by 0.5% in the second quarter. State Street Corp now owns 958,330 shares of the company’s stock worth $76,667,000 after buying an additional 4,747 shares during the period. Finally, Neuberger Berman Group LLC raised its stake in IPG Photonics Corp. by 24.4% in the second quarter. Neuberger Berman Group LLC now owns 933,851 shares of the company’s stock worth $74,708,000 after buying an additional 183,310 shares during the period. 58.91% of the stock is owned by institutional investors and hedge funds.

About IPG Photonics Corp.

IPG Photonics Corporation is engaged in the design, development, production and distribution of fiber lasers, laser systems, fiber amplifiers and related optical components. The Company offers a line of lasers and amplifiers, which are used in materials processing, advanced communications and medical applications.

5 Day Chart for NASDAQ:IPGP

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