IPG Photonics (IPGP) Earning Somewhat Favorable Media Coverage, Report Shows
Headlines about IPG Photonics (NASDAQ:IPGP) have trended somewhat positive recently, Accern reports. The research group scores the sentiment of media coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. IPG Photonics earned a media sentiment score of 0.17 on Accern’s scale. Accern also assigned news headlines about the semiconductor company an impact score of 46.1006464570231 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news headlines that may have effected Accern’s analysis:
- Laser Cutting Machines Market to Reach US$4.37 Billion by 2020, With Expansion in Vehicle Production (openpr.com)
- IPG Photonics Co. (IPGP) Director John R. Peeler Sells 2,734 Shares (americanbankingnews.com)
- 8,372 Shares in IPG Photonics Co. (IPGP) Acquired by Lombard Odier Asset Management Switzerland SA (americanbankingnews.com)
- Insider Selling: IPG Photonics Co. (IPGP) CFO Sells 12,500 Shares of Stock (americanbankingnews.com)
- USA Financial Portformulas Corp Has $1.09 Million Stake in IPG Photonics Co. (IPGP) (americanbankingnews.com)
A number of research firms recently weighed in on IPGP. ValuEngine upgraded shares of IPG Photonics from a “hold” rating to a “buy” rating in a research note on Thursday, March 1st. DA Davidson upped their target price on shares of IPG Photonics from $1.86 to $275.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Canaccord Genuity upped their target price on shares of IPG Photonics from $210.00 to $235.00 and gave the stock a “hold” rating in a research note on Tuesday, February 20th. Zacks Investment Research upgraded shares of IPG Photonics from a “hold” rating to a “strong-buy” rating and set a $275.00 target price on the stock in a research note on Thursday, February 22nd. Finally, Benchmark reiterated a “buy” rating and issued a $255.00 price target (up from $230.00) on shares of IPG Photonics in a research note on Tuesday, February 20th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and two have given a strong buy rating to the company. IPG Photonics presently has a consensus rating of “Buy” and a consensus target price of $213.60.
IPG Photonics (NASDAQ:IPGP) last announced its earnings results on Friday, February 16th. The semiconductor company reported $1.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.14. The business had revenue of $361.10 million for the quarter, compared to analyst estimates of $345.63 million. IPG Photonics had a net margin of 24.67% and a return on equity of 21.29%. The company’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same period last year, the firm posted $1.39 earnings per share. analysts expect that IPG Photonics will post 8.37 earnings per share for the current fiscal year.
In related news, insider Igor Samartsev sold 8,000 shares of the stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $221.59, for a total transaction of $1,772,720.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Timothy Pv Mammen sold 2,500 shares of the stock in a transaction on Friday, January 19th. The stock was sold at an average price of $261.53, for a total value of $653,825.00. Following the sale, the chief financial officer now directly owns 33,600 shares of the company’s stock, valued at $8,787,408. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 54,734 shares of company stock worth $13,626,232. Insiders own 33.80% of the company’s stock.
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About IPG Photonics
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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