Shares of IPG Photonics Corporation (NASDAQ:IPGP – Get Free Report) have earned an average recommendation of “Moderate Buy” from the ten brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation, five have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $91.6667.
A number of analysts have recently commented on IPGP shares. Citigroup upgraded IPG Photonics from a “sell” rating to a “buy” rating and upped their price objective for the stock from $68.00 to $105.00 in a report on Wednesday, November 5th. Zacks Research upgraded IPG Photonics from a “hold” rating to a “strong-buy” rating in a research note on Thursday, January 15th. Roth Mkm lifted their price objective on IPG Photonics from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Tuesday, February 3rd. Benchmark reiterated a “hold” rating on shares of IPG Photonics in a report on Wednesday, December 10th. Finally, Stifel Nicolaus set a $92.00 price target on shares of IPG Photonics in a report on Tuesday, November 4th.
View Our Latest Stock Report on IPG Photonics
Insider Buying and Selling at IPG Photonics
Institutional Investors Weigh In On IPG Photonics
A number of large investors have recently added to or reduced their stakes in IPGP. Emerald Mutual Fund Advisers Trust bought a new position in IPG Photonics during the 3rd quarter worth $6,645,000. S Squared Technology LLC grew its position in shares of IPG Photonics by 7.3% during the second quarter. S Squared Technology LLC now owns 73,866 shares of the semiconductor company’s stock worth $5,071,000 after acquiring an additional 5,000 shares during the last quarter. Allianz Asset Management GmbH increased its holdings in shares of IPG Photonics by 45.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 200,138 shares of the semiconductor company’s stock worth $15,849,000 after acquiring an additional 62,286 shares during the period. QSM Asset Management Ltd lifted its position in IPG Photonics by 95.6% in the 3rd quarter. QSM Asset Management Ltd now owns 51,832 shares of the semiconductor company’s stock valued at $4,058,000 after purchasing an additional 25,332 shares during the last quarter. Finally, Old West Investment Management LLC bought a new stake in IPG Photonics in the 2nd quarter valued at about $601,000. 93.79% of the stock is owned by institutional investors and hedge funds.
IPG Photonics Price Performance
NASDAQ IPGP opened at $111.34 on Tuesday. The company has a market cap of $4.69 billion, a P/E ratio of 182.52, a P/E/G ratio of 13.86 and a beta of 1.02. IPG Photonics has a 12 month low of $48.59 and a 12 month high of $112.23. The company has a 50-day moving average of $82.46 and a 200-day moving average of $81.76.
About IPG Photonics
IPG Photonics Corporation is a global leader in the design and manufacture of high-performance fiber lasers and amplifiers used in industrial, medical, scientific, and telecommunications applications. The company’s core products include ytterbium and erbium fiber lasers, diode lasers, and fiber amplifiers that deliver high power and efficiency for precision cutting, welding, marking, and engraving. IPG’s systems are engineered to optimize process speed, reliability, and energy consumption, making them a preferred choice for advanced manufacturing environments.
In addition to stand-alone laser sources, IPG offers turnkey laser systems and integrated solutions tailored to sectors such as automotive, electronics, aerospace, additive manufacturing, and life sciences.
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