A number of other equities analysts also recently issued reports on the stock. Needham & Company LLC reissued a buy rating and issued a $10.00 price objective (down previously from $15.00) on shares of Nabriva Therapeutics in a report on Wednesday, May 1st. Zacks Investment Research downgraded shares of Inflarx from a buy rating to a hold rating in a report on Friday, May 3rd. DA Davidson began coverage on shares of Uber Technologies in a research note on Wednesday, May 1st. They set a neutral rating and a $53.00 target price on the stock. Benchmark upgraded shares of from a hold rating to a buy rating in a research note on Wednesday, May 1st. Finally, Cascend Securities reiterated a buy rating and set a $200.00 price objective (up previously from $180.00) on shares of IPG Photonics in a research report on Wednesday, May 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating and seven have issued a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $182.40.
NASDAQ IPGP traded up $0.91 during trading on Friday, hitting $131.60. The company had a trading volume of 444,517 shares, compared to its average volume of 523,895. The firm has a market capitalization of $6.99 billion, a P/E ratio of 17.83, a price-to-earnings-growth ratio of 3.25 and a beta of 2.14. The company has a current ratio of 8.54, a quick ratio of 6.55 and a debt-to-equity ratio of 0.02. IPG Photonics has a one year low of $104.64 and a one year high of $241.43. The stock has a fifty day simple moving average of $139.76.
In other IPG Photonics news, CAO Thomas J. Burgomaster sold 621 shares of the business’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $145.75, for a total value of $90,510.75. Following the completion of the transaction, the chief accounting officer now directly owns 7,577 shares in the company, valued at $1,104,347.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Trevor Ness sold 5,025 shares of the business’s stock in a transaction dated Thursday, May 2nd. The stock was sold at an average price of $170.22, for a total transaction of $855,355.50. Following the completion of the transaction, the senior vice president now owns 25,657 shares of the company’s stock, valued at $4,367,334.54. The disclosure for this sale can be found here. Insiders have sold 28,074 shares of company stock valued at $4,472,833 over the last ninety days. 33.90% of the stock is owned by insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. First Eagle Investment Management LLC boosted its position in IPG Photonics by 7.3% in the 1st quarter. First Eagle Investment Management LLC now owns 1,627,820 shares of the semiconductor company’s stock worth $247,071,000 after purchasing an additional 110,989 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of IPG Photonics by 1.3% during the 1st quarter. Lazard Asset Management LLC now owns 828,820 shares of the semiconductor company’s stock valued at $125,797,000 after buying an additional 10,637 shares in the last quarter. Carillon Tower Advisers Inc. lifted its position in shares of IPG Photonics by 15.6% during the 1st quarter. Carillon Tower Advisers Inc. now owns 712,934 shares of the semiconductor company’s stock valued at $108,209,000 after buying an additional 96,046 shares in the last quarter. Norges Bank purchased a new position in shares of IPG Photonics during the 4th quarter valued at approximately $68,325,000. Finally, Geode Capital Management LLC lifted its position in shares of IPG Photonics by 4.6% during the 4th quarter. Geode Capital Management LLC now owns 553,872 shares of the semiconductor company’s stock valued at $62,654,000 after buying an additional 24,320 shares in the last quarter. Hedge funds and other institutional investors own 64.79% 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.
Further Reading: Current Ratio
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