IPG Photonics (NASDAQ:IPGP) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

IPGP has been the subject of several other research reports. DA Davidson reiterated a “buy” rating and set a $220.00 price target on shares of IPG Photonics in a report on Tuesday, October 10th. ValuEngine cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Zacks Investment Research cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a report on Tuesday, October 17th. Stifel Nicolaus reiterated a “hold” rating and set a $170.00 price target (up previously from $165.00) on shares of IPG Photonics in a report on Friday, September 1st. Finally, Needham & Company LLC reiterated a “buy” rating and set a $210.00 price target (up previously from $182.00) on shares of IPG Photonics in a report on Friday, October 20th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. IPG Photonics currently has a consensus rating of “Buy” and an average target price of $180.33.

Shares of IPG Photonics (IPGP) traded down $4.85 during mid-day trading on Friday, hitting $224.13. 668,489 shares of the company were exchanged, compared to its average volume of 608,475. The company has a quick ratio of 7.46, a current ratio of 9.02 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $12,276.96, a PE ratio of 33.72, a P/E/G ratio of 1.66 and a beta of 1.70. IPG Photonics has a 52-week low of $93.38 and a 52-week high of $248.23.

IPG Photonics (NASDAQ:IPGP) last announced its quarterly earnings data on Tuesday, October 31st. The semiconductor company reported $2.11 earnings per share for the quarter, beating analysts’ consensus estimates of $1.79 by $0.32. The firm had revenue of $392.62 million during the quarter, compared to analysts’ expectations of $367.27 million. IPG Photonics had a net margin of 27.85% and a return on equity of 21.17%. The business’s quarterly revenue was up 47.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.29 earnings per share. equities analysts forecast that IPG Photonics will post 7.01 earnings per share for the current fiscal year.

In other IPG Photonics news, SVP Eugene A. Shcherbakov sold 9,500 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $198.79, for a total transaction of $1,888,505.00. Following the completion of the transaction, the senior vice president now owns 16,957 shares in the company, valued at approximately $3,370,882.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 33.80% of the company’s stock.

Several large investors have recently modified their holdings of IPGP. Bank of Montreal Can lifted its position in shares of IPG Photonics by 1,655.8% during the 2nd quarter. Bank of Montreal Can now owns 10,816 shares of the semiconductor company’s stock worth $1,569,000 after buying an additional 10,200 shares during the last quarter. Aperio Group LLC lifted its position in shares of IPG Photonics by 11.4% during the 2nd quarter. Aperio Group LLC now owns 7,451 shares of the semiconductor company’s stock worth $1,081,000 after buying an additional 763 shares during the last quarter. Russell Investments Group Ltd. lifted its position in shares of IPG Photonics by 2.5% during the 2nd quarter. Russell Investments Group Ltd. now owns 29,633 shares of the semiconductor company’s stock worth $4,301,000 after buying an additional 710 shares during the last quarter. Great West Life Assurance Co. Can lifted its position in shares of IPG Photonics by 255.7% during the 2nd quarter. Great West Life Assurance Co. Can now owns 78,546 shares of the semiconductor company’s stock worth $11,376,000 after buying an additional 56,467 shares during the last quarter. Finally, CIBC Asset Management Inc purchased a new stake in shares of IPG Photonics during the 2nd quarter worth approximately $240,000. Institutional investors and hedge funds own 59.99% of the company’s stock.

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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)

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