Shares of IPG Photonics Co. (NASDAQ:IPGP) traded down 7% during mid-day trading on Friday following a dissappointing earnings announcement. The stock traded as low as $139.00 and last traded at $139.49, 868,341 shares were traded during trading. An increase of 87% from the average session volume of 464,859 shares. The stock had previously closed at $149.97.

The semiconductor company reported $0.75 EPS for the quarter, missing analysts’ consensus estimates of $0.80 by ($0.05). IPG Photonics had a net margin of 19.45% and a return on equity of 11.50%. The business had revenue of $306.60 million during the quarter, compared to analysts’ expectations of $285.77 million. During the same quarter in the previous year, the company posted $1.40 EPS. The company’s revenue was down 7.1% compared to the same quarter last year.

A number of research analysts have recently commented on the company. Stifel Nicolaus downgraded IPG Photonics from a “buy” rating to a “hold” rating and dropped their price objective for the company from $181.00 to $151.00 in a report on Wednesday, January 29th. TheStreet downgraded IPG Photonics from a “b-” rating to a “c+” rating in a report on Tuesday, January 7th. BidaskClub upgraded IPG Photonics from a “hold” rating to a “buy” rating in a report on Friday, February 7th. ValuEngine downgraded IPG Photonics from a “buy” rating to a “hold” rating in a research note on Thursday, January 23rd. Finally, Piper Sandler restated a “hold” rating and set a $150.00 price target on shares of IPG Photonics in a research note on Thursday. Nine research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. IPG Photonics presently has a consensus rating of “Hold” and a consensus price target of $161.14.

In related news, major shareholder Valentin Gapontsev Trust I sold 8,000 shares of the firm’s stock in a transaction that occurred on Monday, December 2nd. The stock was sold at an average price of $141.06, for a total transaction of $1,128,480.00. Following the transaction, the insider now owns 7,533,928 shares in the company, valued at approximately $1,062,735,883.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 33.90% of the company’s stock.

A number of institutional investors have recently bought and sold shares of the business. UBS Asset Management Americas Inc. lifted its position in IPG Photonics by 6.2% during the 4th quarter. UBS Asset Management Americas Inc. now owns 504,178 shares of the semiconductor company’s stock worth $73,065,000 after acquiring an additional 29,354 shares during the period. Penserra Capital Management LLC lifted its position in IPG Photonics by 430.8% during the 4th quarter. Penserra Capital Management LLC now owns 21,174 shares of the semiconductor company’s stock worth $3,068,000 after acquiring an additional 17,185 shares during the period. Guggenheim Capital LLC lifted its position in IPG Photonics by 12.0% during the 4th quarter. Guggenheim Capital LLC now owns 9,627 shares of the semiconductor company’s stock worth $1,396,000 after acquiring an additional 1,032 shares during the period. Mitsubishi UFJ Trust & Banking Corp lifted its position in IPG Photonics by 2.6% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 58,481 shares of the semiconductor company’s stock worth $8,475,000 after acquiring an additional 1,466 shares during the period. Finally, Skandinaviska Enskilda Banken AB publ lifted its position in IPG Photonics by 9.7% during the 4th quarter. Skandinaviska Enskilda Banken AB publ now owns 25,061 shares of the semiconductor company’s stock worth $3,632,000 after acquiring an additional 2,220 shares during the period. 64.32% of the stock is owned by institutional investors.

The business has a 50-day simple moving average of $140.47 and a two-hundred day simple moving average of $136.07. The company has a debt-to-equity ratio of 0.02, a quick ratio of 7.05 and a current ratio of 9.08. The company has a market capitalization of $7.96 billion, a price-to-earnings ratio of 28.88, a PEG ratio of 11.17 and a beta of 2.23.

IPG Photonics Company Profile (NASDAQ:IPGP)

IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include low, medium, and high power lasers; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; laser diode chips and packaged laser diodes; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.

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