IPG Photonics (IPGP) Upgraded at BidaskClub
BidaskClub upgraded shares of IPG Photonics (NASDAQ:IPGP) from a strong sell rating to a sell rating in a research note released on Thursday.
A number of other research analysts also recently weighed in on the company. ValuEngine downgraded IPG Photonics from a hold rating to a sell rating in a report on Tuesday, September 4th. Raymond James upgraded IPG Photonics from a market perform rating to a strong-buy rating in a report on Friday, September 21st. Benchmark reduced their target price on IPG Photonics from $222.00 to $170.00 and set a buy rating on the stock in a report on Monday, October 8th. DA Davidson reduced their target price on IPG Photonics to $200.00 in a report on Monday, October 8th. Finally, Stifel Nicolaus reduced their target price on IPG Photonics from $228.00 to $190.00 and set a buy rating on the stock in a report on Monday, October 8th. Three investment analysts have rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average target price of $223.25.
Shares of NASDAQ:IPGP opened at $132.26 on Thursday. IPG Photonics has a 1 year low of $129.81 and a 1 year high of $264.11. The stock has a market cap of $7.11 billion, a P/E ratio of 18.22, a price-to-earnings-growth ratio of 1.43 and a beta of 1.80. The company has a current ratio of 8.73, a quick ratio of 6.94 and a debt-to-equity ratio of 0.02.
Hedge funds have recently bought and sold shares of the business. Summit Trail Advisors LLC boosted its position in shares of IPG Photonics by 13,274.9% in the 1st 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 in the last quarter. Psagot Investment House Ltd. bought a new stake in shares of IPG Photonics in the 2nd quarter worth approximately $124,000. NumerixS Investment Technologies Inc bought a new stake in shares of IPG Photonics in the 2nd quarter worth approximately $128,000. Signet Financial Management LLC boosted its position in shares of IPG Photonics by 556.7% in the 2nd quarter. Signet Financial Management LLC now owns 683 shares of the semiconductor company’s stock worth $151,000 after purchasing an additional 579 shares in the last quarter. Finally, Pendal Group Ltd bought a new stake in shares of IPG Photonics in the 2nd quarter worth approximately $162,000. Hedge funds and other institutional investors own 57.86% 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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