IPG Photonics (IPGP) Now Covered by Susquehanna Bancshares

Susquehanna Bancshares assumed coverage on shares of IPG Photonics (NASDAQ:IPGP) in a report released on Friday, MarketBeat reports. The brokerage set a “neutral” rating and a $151.00 price target on the semiconductor company’s stock. Susquehanna Bancshares’ price objective would suggest a potential upside of 6.23% from the company’s current price.

Several other equities analysts have also recently issued reports on IPGP. BidaskClub raised IPG Photonics from a “sell” rating to a “hold” rating in a report on Wednesday, September 5th. UBS Group assumed coverage on IPG Photonics in a report on Friday. They set a “neutral” rating for the company. DA Davidson reduced their price objective on IPG Photonics to $180.00 and set a “buy” rating for the company in a report on Wednesday, October 31st. Northcoast Research reaffirmed a “hold” rating on shares of IPG Photonics in a report on Wednesday, October 24th. Finally, Benchmark reduced their price objective on IPG Photonics from $170.00 to $162.00 and set a “buy” rating for the company in a report on Wednesday, October 31st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. IPG Photonics presently has a consensus rating of “Hold” and a consensus price target of $212.11.

Shares of IPGP stock opened at $142.15 on Friday. The firm has a market cap of $7.54 billion, a P/E ratio of 19.58, a PEG ratio of 2.07 and a beta of 1.77. IPG Photonics has a 1 year low of $107.59 and a 1 year high of $264.11. The company has a quick ratio of 6.81, a current ratio of 8.64 and a debt-to-equity ratio of 0.02.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings data on Tuesday, October 30th. The semiconductor company reported $1.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.85 by ($0.01). The firm had revenue of $356.35 million for the quarter, compared to analyst estimates of $355.48 million. IPG Photonics had a return on equity of 20.30% and a net margin of 25.58%. The business’s revenue for the quarter was down 9.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.11 earnings per share. As a group, research analysts predict that IPG Photonics will post 7.41 earnings per share for the current year.

In other news, CAO Thomas J. Burgomaster sold 637 shares of the business’s stock in a transaction on Sunday, November 11th. The stock was sold at an average price of $90.85, for a total value of $57,871.45. Following the completion of the transaction, the chief accounting officer now directly owns 6,037 shares of the company’s stock, valued at $548,461.45. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Thomas J. Burgomaster sold 294 shares of the business’s stock in a transaction on Sunday, December 2nd. The stock was sold at an average price of $93.70, for a total value of $27,547.80. Following the completion of the transaction, the chief accounting officer now directly owns 6,037 shares of the company’s stock, valued at $565,666.90. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,131 shares of company stock valued at $103,915. Insiders own 33.80% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Clearbridge Investments LLC grew its position in shares of IPG Photonics by 3.2% in the third quarter. Clearbridge Investments LLC now owns 468,414 shares of the semiconductor company’s stock valued at $73,105,000 after purchasing an additional 14,346 shares during the period. Reynders McVeigh Capital Management LLC grew its position in shares of IPG Photonics by 6.5% in the third quarter. Reynders McVeigh Capital Management LLC now owns 88,140 shares of the semiconductor company’s stock valued at $13,756,000 after purchasing an additional 5,362 shares during the period. Belpointe Asset Management LLC purchased a new stake in shares of IPG Photonics in the third quarter valued at $704,000. Legal & General Group Plc grew its position in shares of IPG Photonics by 21.1% in the third quarter. Legal & General Group Plc now owns 295,107 shares of the semiconductor company’s stock valued at $46,057,000 after purchasing an additional 51,502 shares during the period. Finally, Rehmann Capital Advisory Group grew its position in shares of IPG Photonics by 15,080.9% in the third quarter. Rehmann Capital Advisory Group now owns 16,699 shares of the semiconductor company’s stock valued at $107,000 after purchasing an additional 16,589 shares during the period. 60.76% of the stock is owned by institutional investors.

IPG Photonics Company Profile

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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