IPG Photonics (NASDAQ:IPGP) Stock Rating Upgraded by CL King

IPG Photonics (NASDAQ:IPGP) was upgraded by research analysts at CL King from a “neutral” rating to a “buy” rating in a research report issued on Tuesday, MarketBeat Ratings reports. The firm presently has a $76.00 price target on the semiconductor company’s stock. CL King’s target price would suggest a potential upside of 14.70% from the stock’s previous close.

IPGP has been the topic of several other research reports. Stifel Nicolaus dropped their price objective on IPG Photonics from $100.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Needham & Company LLC restated a “hold” rating on shares of IPG Photonics in a report on Wednesday, February 12th. Citigroup lowered their target price on IPG Photonics from $62.00 to $60.00 and set a “sell” rating for the company in a report on Tuesday, February 18th. Finally, Northcoast Research lowered IPG Photonics from a “buy” rating to a “neutral” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, IPG Photonics currently has a consensus rating of “Hold” and a consensus price target of $85.40.

IPG Photonics Price Performance

Shares of NASDAQ IPGP opened at $66.26 on Tuesday. The business’s 50 day moving average is $67.00 and its two-hundred day moving average is $71.98. IPG Photonics has a 1-year low of $56.71 and a 1-year high of $92.21. The stock has a market capitalization of $2.82 billion, a P/E ratio of -15.85 and a beta of 1.04.

IPG Photonics (NASDAQ:IPGP) last released its earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). IPG Photonics had a negative net margin of 18.58% and a positive return on equity of 2.98%. As a group, equities research analysts anticipate that IPG Photonics will post 1.54 earnings per share for the current fiscal year.

Institutional Trading of IPG Photonics

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of IPG Photonics by 4.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,274 shares of the semiconductor company’s stock valued at $311,000 after purchasing an additional 194 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of IPG Photonics by 10.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 86,725 shares of the semiconductor company’s stock valued at $6,307,000 after acquiring an additional 8,041 shares during the period. Twinbeech Capital LP increased its position in shares of IPG Photonics by 177.1% in the 4th quarter. Twinbeech Capital LP now owns 35,064 shares of the semiconductor company’s stock valued at $2,550,000 after acquiring an additional 22,411 shares during the period. Tidal Investments LLC increased its position in shares of IPG Photonics by 53.9% in the 4th quarter. Tidal Investments LLC now owns 14,765 shares of the semiconductor company’s stock valued at $1,074,000 after acquiring an additional 5,173 shares during the period. Finally, Systematic Financial Management LP increased its position in shares of IPG Photonics by 3.2% in the 4th quarter. Systematic Financial Management LP now owns 127,822 shares of the semiconductor company’s stock valued at $9,295,000 after acquiring an additional 3,920 shares during the period. Hedge funds and other institutional investors own 93.79% of the company’s stock.

About IPG Photonics

IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. Its laser products include hybrid fiber-solid state lasers with green and ultraviolet wavelengths; 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; and high-power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.