A number of other research firms have also issued reports on IPGP. ValuEngine raised shares of IPG Photonics from a hold rating to a buy rating in a research report on Thursday, September 5th. Needham & Company LLC set a $148.00 price target on shares of IPG Photonics and gave the stock a buy rating in a research note on Wednesday, July 31st. DA Davidson cut their price objective on IPG Photonics to $175.00 and set a buy rating on the stock in a research report on Wednesday, July 31st. Raymond James reduced their price objective on IPG Photonics from $204.00 to $190.00 and set a strong-buy rating on the stock in a research note on Wednesday, July 31st. Finally, Susquehanna Bancshares set a $127.00 price objective on IPG Photonics and gave the company a hold rating in a research note on Wednesday, July 31st. Eight equities research analysts have rated the stock with a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. IPG Photonics has an average rating of Buy and an average target price of $171.67.
Shares of IPGP opened at $142.77 on Friday. The stock has a market capitalization of $7.60 billion, a PE ratio of 19.35, a P/E/G ratio of 3.85 and a beta of 2.16. IPG Photonics has a 1 year low of $104.64 and a 1 year high of $182.17. The company has a debt-to-equity ratio of 0.02, a quick ratio of 6.47 and a current ratio of 8.38. The company’s 50-day simple moving average is $125.84 and its 200-day simple moving average is $143.93.
In other IPG Photonics news, CAO Thomas J. Burgomaster sold 621 shares of the stock in a transaction that occurred on Friday, June 21st. The shares were sold at an average price of $145.75, for a total value of $90,510.75. Following the sale, the chief accounting officer now directly owns 7,577 shares of the company’s stock, valued at approximately $1,104,347.75. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider Igor Samartsev sold 800 shares of the firm’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $130.01, for a total transaction of $104,008.00. The disclosure for this sale can be found here. Insiders sold 13,049 shares of company stock valued at $1,957,905 in the last quarter. 33.90% of the stock is owned by insiders.
Several hedge funds have recently modified their holdings of the stock. TRUE Private Wealth Advisors acquired a new stake in shares of IPG Photonics during the 2nd quarter worth about $38,000. Griffin Asset Management Inc. acquired a new stake in IPG Photonics during the second quarter worth approximately $42,000. Manchester Capital Management LLC acquired a new stake in IPG Photonics during the first quarter worth approximately $59,000. Stephens Inc. AR lifted its position in shares of IPG Photonics by 89.4% during the 1st quarter. Stephens Inc. AR now owns 498 shares of the semiconductor company’s stock worth $76,000 after buying an additional 235 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of IPG Photonics by 322.5% during the 2nd quarter. Signaturefd LLC now owns 507 shares of the semiconductor company’s stock worth $78,000 after buying an additional 387 shares during the last quarter. Hedge funds and other institutional investors own 65.32% 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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