IPG Photonics (NASDAQ:IPGP) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a report released on Wednesday.

Other equities research analysts also recently issued reports about the stock. Northcoast Research reissued a “buy” rating and set a $208.00 target price on shares of IPG Photonics in a research report on Thursday, August 2nd. Stifel Nicolaus decreased their target price on shares of IPG Photonics from $282.00 to $228.00 and set a “buy” rating for the company in a research report on Wednesday, August 1st. Needham & Company LLC cut their price target on shares of IPG Photonics from $280.00 to $215.00 and set a “buy” rating on the stock in a report on Wednesday, August 1st. Zacks Investment Research upgraded shares of IPG Photonics from a “hold” rating to a “buy” rating and set a $274.00 price target on the stock in a report on Wednesday, May 23rd. Finally, Dougherty & Co restated a “buy” rating on shares of IPG Photonics in a report on Tuesday, August 21st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and seven have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $242.00.

NASDAQ:IPGP opened at $157.00 on Wednesday. The company has a quick ratio of 6.94, a current ratio of 8.73 and a debt-to-equity ratio of 0.02. The stock has a market cap of $8.66 billion, a PE ratio of 19.79, a price-to-earnings-growth ratio of 1.70 and a beta of 1.78. IPG Photonics has a one year low of $154.68 and a one year high of $264.11.

IPG Photonics (NASDAQ:IPGP) last posted its earnings results on Tuesday, July 31st. The semiconductor company reported $2.21 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.01). The business had revenue of $413.61 million for the quarter, compared to the consensus estimate of $418.61 million. IPG Photonics had a return on equity of 21.55% and a net margin of 25.96%. The company’s revenue was up 12.0% on a year-over-year basis. During the same period in the previous year, the firm earned $1.91 earnings per share. equities analysts predict that IPG Photonics will post 7.9 earnings per share for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in IPGP. Summit Trail Advisors LLC boosted its holdings in IPG Photonics by 13,274.9% during the first quarter. Summit Trail Advisors LLC now owns 103,923 shares of the semiconductor company’s stock worth $104,000 after purchasing an additional 103,146 shares during the last quarter. Psagot Investment House Ltd. purchased a new position in IPG Photonics during the second quarter worth about $124,000. NumerixS Investment Technologies Inc purchased a new position in IPG Photonics during the second quarter worth about $128,000. Signet Financial Management LLC boosted its holdings in IPG Photonics by 556.7% during the second quarter. Signet Financial Management LLC now owns 683 shares of the semiconductor company’s stock worth $151,000 after purchasing an additional 579 shares during the last quarter. Finally, Pendal Group Ltd purchased a new position in IPG Photonics during the second quarter worth about $162,000. Institutional investors and hedge funds own 58.33% of the company’s stock.

About IPG Photonics

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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Analyst Recommendations for IPG Photonics (NASDAQ:IPGP)

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