Somewhat Favorable Media Coverage Somewhat Unlikely to Impact IPG Photonics Corporation (IPGP) Share Price
News stories about IPG Photonics Corporation (NASDAQ:IPGP) have trended somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies positive and negative news coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. IPG Photonics Corporation earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave media headlines about the semiconductor company an impact score of 46.4125146966615 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s scoring:
- IPG Photonics Corporation (IPGP) Receives Buy Rating from DA Davidson (americanbankingnews.com)
- Fiber laser market is expected to grow at high CAGR till 2025 (whatech.com)
- Reviewing IPG Photonics Corporation (IPGP) & Its Peers (americanbankingnews.com)
- U.S. tax-cut plan prompts bets on automation firms (thehindu.com)
- Tax-cut plan prompts fund managers to bet on automation – Reuters (reuters.com)
IPGP has been the subject of several analyst reports. DA Davidson reiterated a “buy” rating and set a $220.00 price objective on shares of IPG Photonics Corporation in a report on Tuesday. Canaccord Genuity reiterated a “buy” rating and set a $152.00 price objective (up previously from $138.00) on shares of IPG Photonics Corporation in a report on Friday, June 16th. ValuEngine lowered IPG Photonics Corporation from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Needham & Company LLC increased their price objective on IPG Photonics Corporation from $146.00 to $160.00 and gave the company a “buy” rating in a report on Tuesday, June 20th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $170.00 price objective (up previously from $165.00) on shares of IPG Photonics Corporation in a report on Friday, September 1st. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $158.75.
IPG Photonics Corporation (NASDAQ:IPGP) opened at 194.63 on Thursday. The company has a 50-day moving average price of $180.43 and a 200-day moving average price of $151.44. IPG Photonics Corporation has a 52 week low of $81.00 and a 52 week high of $196.09. The stock has a market cap of $10.48 billion, a price-to-earnings ratio of 32.59 and a beta of 1.68.
IPG Photonics Corporation (NASDAQ:IPGP) last announced its quarterly earnings results on Tuesday, August 1st. The semiconductor company reported $1.91 earnings per share for the quarter, beating analysts’ consensus estimates of $1.63 by $0.28. IPG Photonics Corporation had a net margin of 26.84% and a return on equity of 19.75%. The firm had revenue of $369.37 million during the quarter, compared to analysts’ expectations of $333.06 million. During the same period in the previous year, the company earned $1.25 earnings per share. IPG Photonics Corporation’s quarterly revenue was up 46.1% compared to the same quarter last year. Equities research analysts anticipate that IPG Photonics Corporation will post $6.64 EPS for the current year.
In other news, SVP Alexander Ovtchinnikov sold 12,000 shares of the company’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $160.30, for a total value of $1,923,600.00. Following the completion of the sale, the senior vice president now directly owns 83,595 shares of the company’s stock, valued at $13,400,278.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Angelo P. Lopresti sold 11,750 shares of the company’s stock in a transaction dated Tuesday, August 8th. The shares were sold at an average price of $163.33, for a total transaction of $1,919,127.50. Following the completion of the sale, the senior vice president now directly owns 49,515 shares of the company’s stock, valued at $8,087,284.95. The disclosure for this sale can be found here. Over the last three months, insiders sold 62,017 shares of company stock valued at $10,070,761. 33.80% of the stock is owned by corporate insiders.
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About IPG Photonics Corporation
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.
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