IPG Photonics (IPGP) Receiving Somewhat Positive Media Coverage, Report Finds

News headlines about IPG Photonics (NASDAQ:IPGP) have been trending somewhat positive this week, according to Accern Sentiment Analysis. The research group identifies positive and negative media coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. IPG Photonics earned a daily sentiment score of 0.22 on Accern’s scale. Accern also gave news stories about the semiconductor company an impact score of 45.8003992458364 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the media headlines that may have impacted Accern’s analysis:

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Several equities analysts recently issued reports on the stock. Zacks Investment Research lowered shares of IPG Photonics from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 2nd. Needham & Company LLC boosted their target price on shares of IPG Photonics from $230.00 to $280.00 and gave the company a “buy” rating in a report on Wednesday, January 24th. Northcoast Research restated a “buy” rating and issued a $290.00 target price on shares of IPG Photonics in a report on Wednesday, January 31st. BidaskClub lowered shares of IPG Photonics from a “strong-buy” rating to a “buy” rating in a report on Saturday, December 2nd. Finally, ValuEngine lowered shares of IPG Photonics from a “buy” rating to a “hold” rating in a report on Friday, December 1st. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company’s stock. IPG Photonics has a consensus rating of “Buy” and a consensus target price of $213.60.

Shares of IPG Photonics (NASDAQ IPGP) traded down $8.32 during midday trading on Friday, hitting $231.41. 391,544 shares of the stock traded hands, compared to its average volume of 675,043. IPG Photonics has a 52-week low of $116.82 and a 52-week high of $264.11. The firm has a market capitalization of $13,572.41, a price-to-earnings ratio of 36.39, a P/E/G ratio of 2.50 and a beta of 1.84. The company has a quick ratio of 7.27, a current ratio of 8.82 and a debt-to-equity ratio of 0.02.

IPG Photonics (NASDAQ:IPGP) last announced its quarterly earnings data on Friday, February 16th. The semiconductor company reported $1.86 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.14. IPG Photonics had a net margin of 24.67% and a return on equity of 21.29%. The firm had revenue of $361.10 million for the quarter, compared to analyst estimates of $345.63 million. During the same quarter in the prior year, the business earned $1.39 earnings per share. The business’s quarterly revenue was up 28.9% compared to the same quarter last year. sell-side analysts forecast that IPG Photonics will post 8.37 earnings per share for the current fiscal year.

In other news, CFO Timothy Pv Mammen sold 2,500 shares of the company’s stock in a transaction dated Friday, January 19th. The shares were sold at an average price of $261.53, for a total transaction of $653,825.00. Following the transaction, the chief financial officer now owns 33,600 shares in the company, valued at $8,787,408. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John R. Peeler sold 2,266 shares of the company’s stock in a transaction dated Monday, March 12th. The shares were sold at an average price of $252.95, for a total transaction of $573,184.70. Following the transaction, the director now owns 9,270 shares in the company, valued at approximately $2,344,846.50. The disclosure for this sale can be found here. Insiders have sold 60,500 shares of company stock worth $15,095,172 in the last quarter. Company insiders own 33.80% of the company’s stock.

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About IPG Photonics

IPG Photonics Corporation is a developer and manufacturer of a line of fiber lasers, fiber amplifiers, diode lasers, laser systems and optical accessories that are used for various applications. The Company offers a line of lasers and amplifiers, which are used in materials processing, communications and medical applications.

Insider Buying and Selling by Quarter for IPG Photonics (NASDAQ:IPGP)

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