Shares of IPG Photonics Corporation (NASDAQ:IPGP) have been given an average rating of “Buy” by the eleven brokerages that are covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $180.33.

IPGP has been the topic of several research analyst reports. DA Davidson restated a “buy” rating and issued a $220.00 price objective on shares of IPG Photonics Corporation in a report on Tuesday, October 10th. Benchmark Co. restated a “buy” rating and issued a $230.00 price objective on shares of IPG Photonics Corporation in a report on Wednesday, November 1st. 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 report on Friday, October 27th. Needham & Company LLC restated a “buy” rating and issued a $210.00 price objective (up from $182.00) on shares of IPG Photonics Corporation in a report on Friday, October 20th. Finally, ValuEngine downgraded IPG Photonics Corporation from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd.

IPG Photonics Corporation (IPGP) opened at $223.53 on Monday. IPG Photonics Corporation has a fifty-two week low of $93.38 and a fifty-two week high of $224.47. The company has a current ratio of 9.02, a quick ratio of 7.46 and a debt-to-equity ratio of 0.02. The company has a market capitalization of $11,984.76, a price-to-earnings ratio of 32.92, a PEG ratio of 1.64 and a beta of 1.68.

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

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In other news, SVP Eugene A. Shcherbakov sold 9,500 shares of the business’s stock in a transaction dated Monday, October 16th. The stock was 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 directly owns 16,957 shares of the company’s stock, valued at $3,370,882.03. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Timothy Pv Mammen sold 11,600 shares of the business’s stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $166.98, for a total value of $1,936,968.00. Following the transaction, the chief financial officer now directly owns 42,700 shares of the company’s stock, valued at $7,130,046. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 29,267 shares of company stock valued at $5,176,458. 33.80% of the stock is currently owned by corporate insiders.

Several institutional investors have recently made changes to their positions in IPGP. JPMorgan Chase & Co. grew its position in shares of IPG Photonics Corporation by 50,089.7% during the second quarter. JPMorgan Chase & Co. now owns 326,735 shares of the semiconductor company’s stock worth $47,409,000 after buying an additional 326,084 shares in the last quarter. Vanguard Group Inc. grew its position in shares of IPG Photonics Corporation by 8.8% during the second quarter. Vanguard Group Inc. now owns 3,054,060 shares of the semiconductor company’s stock worth $443,143,000 after buying an additional 245,876 shares in the last quarter. BRILLIANCE ASSET MANAGEMENT Ltd acquired a new position in shares of IPG Photonics Corporation during the second quarter worth about $31,827,000. Ardevora Asset Management LLP acquired a new position in shares of IPG Photonics Corporation during the third quarter worth about $40,084,000. Finally, Prudential Financial Inc. grew its position in shares of IPG Photonics Corporation by 95.2% during the second quarter. Prudential Financial Inc. now owns 281,397 shares of the semiconductor company’s stock worth $40,831,000 after buying an additional 137,210 shares in the last quarter. 58.14% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for IPG Photonics Corporation (NASDAQ:IPGP)

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