Shares of IPG Photonics Corporation (NASDAQ:IPGP) reached a new 52-week high on Monday . The stock traded as high as $224.76 and last traded at $224.60, with a volume of 240416 shares changing hands. The stock had previously closed at $223.53.

Several research firms have recently weighed in on IPGP. Needham & Company LLC restated a “buy” rating and set a $182.00 price objective (up previously from $160.00) on shares of IPG Photonics Corporation in a research report on Tuesday, August 1st. Canaccord Genuity raised their price objective on shares of IPG Photonics Corporation from $152.00 to $162.00 and gave the company a “hold” rating in a research report on Wednesday, August 2nd. Zacks Investment Research upgraded shares of IPG Photonics Corporation from a “hold” rating to a “strong-buy” rating and set a $240.00 price objective on the stock in a research report on Friday, October 27th. Benchmark Co. restated a “buy” rating and set a $180.00 price objective on shares of IPG Photonics Corporation in a research report on Wednesday, August 2nd. Finally, ValuEngine upgraded shares of IPG Photonics Corporation from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Four research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $180.33.

The company has a market capitalization of $12,080.00, a PE ratio of 32.92, a P/E/G ratio of 1.64 and a beta of 1.67. The company has a quick ratio of 7.46, a current ratio of 9.02 and a debt-to-equity ratio of 0.02.

IPG Photonics Corporation (NASDAQ:IPGP) last issued its earnings results on Tuesday, October 31st. The semiconductor company reported $2.11 EPS for the quarter, topping analysts’ consensus estimates of $1.79 by $0.32. The company had revenue of $392.62 million for the quarter, compared to analysts’ expectations of $367.27 million. IPG Photonics Corporation had a net margin of 27.85% and a return on equity of 21.17%. The firm’s revenue was up 47.6% compared to the same quarter last year. During the same quarter last year, the company earned $1.29 EPS. equities research analysts forecast that IPG Photonics Corporation will post 6.95 earnings per share for the current year.

In other IPG Photonics Corporation news, SVP Eugene A. Shcherbakov sold 9,500 shares of the business’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $198.79, for a total value of $1,888,505.00. Following the transaction, the senior vice president now owns 16,957 shares in the company, valued at $3,370,882.03. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William S. Hurley sold 8,167 shares of the business’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of $165.42, for a total transaction of $1,350,985.14. Following the completion of the transaction, the director now owns 12,672 shares in the company, valued at approximately $2,096,202.24. The disclosure for this sale can be found here. Insiders sold 29,267 shares of company stock worth $5,176,458 in the last 90 days. Corporate insiders own 33.80% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. boosted its stake in shares of IPG Photonics Corporation by 4.1% during the 2nd quarter. BlackRock Inc. now owns 3,078,662 shares of the semiconductor company’s stock valued at $446,714,000 after purchasing an additional 121,338 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of IPG Photonics Corporation by 8.8% during the 2nd quarter. Vanguard Group Inc. now owns 3,054,060 shares of the semiconductor company’s stock valued at $443,143,000 after purchasing an additional 245,876 shares in the last quarter. Harding Loevner LP boosted its stake in shares of IPG Photonics Corporation by 86.6% during the 3rd quarter. Harding Loevner LP now owns 2,825,425 shares of the semiconductor company’s stock valued at $167,055,000 after purchasing an additional 1,311,384 shares in the last quarter. State Street Corp boosted its stake in shares of IPG Photonics Corporation by 2.1% during the 2nd quarter. State Street Corp now owns 955,383 shares of the semiconductor company’s stock valued at $138,633,000 after purchasing an additional 19,973 shares in the last quarter. Finally, Eagle Asset Management Inc. boosted its stake in shares of IPG Photonics Corporation by 5.3% during the 2nd quarter. Eagle Asset Management Inc. now owns 759,708 shares of the semiconductor company’s stock valued at $110,233,000 after purchasing an additional 37,918 shares in the last quarter. Hedge funds and other institutional investors own 58.14% of the company’s stock.

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IPG Photonics Corporation 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.

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