IPG Photonics Corporation (NASDAQ:IPGP) Given News Impact Rating of 0.14
Media coverage about IPG Photonics Corporation (NASDAQ:IPGP) has been trending somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm scores the sentiment of media coverage by monitoring more than 20 million blog and news sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. IPG Photonics Corporation earned a daily sentiment score of 0.14 on Accern’s scale. Accern also gave headlines about the semiconductor company an impact score of 46.462559442881 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
These are some of the headlines that may have effected Accern Sentiment Analysis’s rankings:
- IPG Photonics Corp (IPGP) Shares Moving On Volume – Sparta Review (spartareview.com)
- IPG Photonics Corp. :IPGP-US: Earnings Analysis: Q2, 2017 By the Numbers : August 10, 2017 (finance.yahoo.com)
- IPG Photonics Corporation (IPGP) Expected to Post Quarterly Sales of $366.23 Million (americanbankingnews.com)
- Neuberger Berman Group LLC Lowers Its Holdings in IPG Photonics Corporation (IPGP) Last Quarter – First News 24 (firstnewspaper24.com)
- IPG Photonics Corporation (IPGP) Stake Decreased by Neuberger Berman Group LLC – First News 24 (firstnewspaper24.com)
A number of equities analysts have commented on the stock. Canaccord Genuity lifted their price objective on shares of IPG Photonics Corporation from $152.00 to $162.00 and gave the stock a “hold” rating in a research note on Wednesday, August 2nd. Benchmark Co. reaffirmed a “buy” rating and set a $180.00 price target on shares of IPG Photonics Corporation in a research note on Wednesday, August 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $182.00 price target (up from $160.00) on shares of IPG Photonics Corporation in a research note on Tuesday, August 1st. Stifel Nicolaus lifted their price target on shares of IPG Photonics Corporation from $135.00 to $145.00 and gave the stock a “hold” rating in a research note on Friday, June 30th. Finally, Macquarie cut shares of IPG Photonics Corporation from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $28.00 to $24.00 in a research note on Tuesday, June 6th. Three research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. IPG Photonics Corporation has an average rating of “Buy” and a consensus price target of $141.00.
Shares of IPG Photonics Corporation (IPGP) traded down 0.45% during midday trading on Friday, reaching $163.93. 291,686 shares of the company were exchanged. IPG Photonics Corporation has a 52 week low of $80.52 and a 52 week high of $168.93. The firm has a 50-day moving average of $153.34 and a 200 day moving average of $132.38. The firm has a market capitalization of $8.82 billion, a P/E ratio of 27.45 and a beta of 1.70.
IPG Photonics Corporation (NASDAQ:IPGP) last announced its earnings results on Tuesday, August 1st. The semiconductor company reported $1.91 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.63 by $0.28. The company had revenue of $369.37 million during the quarter, compared to analyst estimates of $333.06 million. IPG Photonics Corporation had a net margin of 26.84% and a return on equity of 19.75%. IPG Photonics Corporation’s revenue was up 46.1% compared to the same quarter last year. During the same quarter last year, the firm posted $1.25 earnings per share. On average, equities research analysts expect that IPG Photonics Corporation will post $6.62 EPS for the current year.
In other news, Director Thomas J. Seifert sold 2,849 shares of the firm’s stock in a transaction that occurred on Monday, June 5th. The shares were sold at an average price of $141.47, for a total value of $403,048.03. Following the completion of the transaction, the director now owns 9,180 shares of the company’s stock, valued at $1,298,694.60. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Timothy Pv Mammen sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $162.87, for a total transaction of $1,628,700.00. Following the completion of the transaction, the chief financial officer now directly owns 41,100 shares of the company’s stock, valued at approximately $6,693,957. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 50,099 shares of company stock valued at $7,914,306. 34.20% of the stock is currently owned by 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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