IPG Photonics (NASDAQ:IPGP) Price Target Cut to $85.00 by Analysts at Stifel Nicolaus

IPG Photonics (NASDAQ:IPGP) had its price objective reduced by Stifel Nicolaus from $100.00 to $85.00 in a research note released on Wednesday,Benzinga reports. Stifel Nicolaus currently has a buy rating on the semiconductor company’s stock.

A number of other research firms have also recently commented on IPGP. Needham & Company LLC reaffirmed a “hold” rating on shares of IPG Photonics in a report on Wednesday. Northcoast Research lowered IPG Photonics from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 4th. Finally, Benchmark reaffirmed a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $89.75.

IPG Photonics Price Performance

Shares of IPG Photonics stock opened at $62.97 on Wednesday. The firm has a market cap of $2.72 billion, a PE ratio of -18.15 and a beta of 0.95. IPG Photonics has a 1 year low of $60.72 and a 1 year high of $101.94. The stock has a fifty day moving average price of $73.74 and a 200-day moving average price of $73.47.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.23 by ($0.05). IPG Photonics had a negative net margin of 14.20% and a positive return on equity of 4.32%. As a group, equities analysts anticipate that IPG Photonics will post 1.47 EPS for the current fiscal year.

Institutional Investors Weigh In On IPG Photonics

Institutional investors have recently made changes to their positions in the stock. Sumitomo Mitsui Trust Group Inc. boosted its position in shares of IPG Photonics by 2.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 999,649 shares of the semiconductor company’s stock valued at $72,694,000 after acquiring an additional 28,606 shares during the period. Pacer Advisors Inc. boosted its position in IPG Photonics by 37.2% during the third quarter. Pacer Advisors Inc. now owns 671,025 shares of the semiconductor company’s stock valued at $49,871,000 after buying an additional 181,844 shares during the period. Disciplined Growth Investors Inc. MN grew its stake in shares of IPG Photonics by 8.9% during 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 buying an additional 43,874 shares during the last quarter. Baillie Gifford & Co. increased its holdings in shares of IPG Photonics by 34.0% in the fourth quarter. Baillie Gifford & Co. now owns 375,546 shares of the semiconductor company’s stock worth $27,310,000 after buying an additional 95,199 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of IPG Photonics by 5.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 369,620 shares of the semiconductor company’s stock worth $26,879,000 after buying an additional 19,307 shares during the period. Hedge funds and other institutional investors own 93.79% of the company’s stock.

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.