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.

IPG Photonics (NASDAQ:IPGP) last announced its quarterly earnings results on Tuesday, July 31st. The semiconductor company reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.01). IPG Photonics had a net margin of 25.96% and a return on equity of 21.55%. The business had revenue of $413.61 million for the quarter, compared to analysts’ expectations of $418.61 million. During the same quarter in the prior year, the firm earned $1.91 EPS. The firm’s revenue for the quarter was up 12.0% on a year-over-year basis. On average, analysts expect that IPG Photonics will post 7.73 earnings per share for the current fiscal year.

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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Analyst Recommendations for IPG Photonics (NASDAQ:IPGP)

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