IPG Photonics (NASDAQ:IPGP) Stock Price Down 4% – What’s Next?

IPG Photonics Co. (NASDAQ:IPGP)’s share price traded down 4% during trading on Friday . The company traded as low as $74.11 and last traded at $74.00. 50,005 shares were traded during trading, a decline of 75% from the average session volume of 200,354 shares. The stock had previously closed at $77.07.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Benchmark restated a “hold” rating on shares of IPG Photonics in a research note on Wednesday, October 30th. Northcoast Research downgraded shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 4th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of IPG Photonics in a research note on Wednesday, October 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, one has issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, IPG Photonics has an average rating of “Hold” and a consensus target price of $93.50.

IPG Photonics Trading Down 3.9 %

The company’s 50-day simple moving average is $75.46 and its 200-day simple moving average is $75.17.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.10. The firm had revenue of $233.14 million during the quarter, compared to the consensus estimate of $227.89 million. IPG Photonics had a negative net margin of 14.20% and a positive return on equity of 4.32%. The business’s revenue for the quarter was down 22.6% compared to the same quarter last year. During the same period last year, the business posted $1.16 earnings per share. Sell-side analysts anticipate that IPG Photonics Co. will post 1.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Sumitomo Mitsui Trust Group Inc. increased its stake in IPG Photonics by 5.9% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 971,043 shares of the semiconductor company’s stock valued at $72,168,000 after acquiring an additional 54,166 shares during the last quarter. Pacer Advisors Inc. increased its stake in IPG Photonics by 37.2% in the third quarter. Pacer Advisors Inc. now owns 671,025 shares of the semiconductor company’s stock valued at $49,871,000 after acquiring an additional 181,844 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its stake in IPG Photonics by 8.9% in the third quarter. Disciplined Growth Investors Inc. MN now owns 534,833 shares of the semiconductor company’s stock valued at $39,749,000 after acquiring an additional 43,874 shares during the last quarter. D. E. Shaw & Co. Inc. increased its stake in IPG Photonics by 10.7% in the second quarter. D. E. Shaw & Co. Inc. now owns 479,301 shares of the semiconductor company’s stock valued at $40,448,000 after acquiring an additional 46,252 shares during the last quarter. Finally, Baillie Gifford & Co. increased its stake in IPG Photonics by 0.4% in the third quarter. Baillie Gifford & Co. now owns 280,347 shares of the semiconductor company’s stock valued at $20,835,000 after acquiring an additional 1,053 shares during the last quarter. 93.79% of the stock is owned by institutional investors.

IPG Photonics Company Profile

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.