IPG Photonics Co. (NASDAQ:IPGP) CAO Thomas J. Burgomaster sold 637 shares of the firm’s stock in a transaction that occurred on Sunday, November 11th. The shares were sold at an average price of $90.85, for a total value of $57,871.45. Following the completion of the sale, the chief accounting officer now directly owns 6,037 shares in the company, valued at $548,461.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Shares of NASDAQ IPGP traded down $8.25 during midday trading on Wednesday, hitting $133.55. The stock had a trading volume of 1,476,358 shares, compared to its average volume of 618,930. The company has a market cap of $7.24 billion, a PE ratio of 18.40, a price-to-earnings-growth ratio of 1.84 and a beta of 1.80. IPG Photonics Co. has a 1 year low of $107.59 and a 1 year high of $264.11. The company has a debt-to-equity ratio of 0.02, a current ratio of 8.73 and a quick ratio of 6.94.
IPG Photonics (NASDAQ:IPGP) last released its earnings results on Tuesday, October 30th. The semiconductor company reported $1.84 earnings per share for the quarter, missing the consensus estimate of $1.85 by ($0.01). The firm had revenue of $356.35 million during the quarter, compared to analysts’ expectations of $355.48 million. IPG Photonics had a net margin of 25.96% and a return on equity of 21.55%. The business’s revenue was down 9.2% compared to the same quarter last year. During the same quarter last year, the business earned $2.11 EPS. On average, equities research analysts anticipate that IPG Photonics Co. will post 7.74 EPS for the current fiscal year.
Several analysts have commented on IPGP shares. ValuEngine lowered IPG Photonics from a “hold” rating to a “sell” rating in a report on Tuesday, September 4th. BidaskClub lowered IPG Photonics from a “hold” rating to a “sell” rating in a report on Wednesday, September 12th. Raymond James raised IPG Photonics from a “market perform” rating to a “strong-buy” rating in a report on Friday, September 21st. Benchmark dropped their price objective on IPG Photonics from $222.00 to $170.00 and set a “buy” rating on the stock in a report on Monday, October 8th. Finally, DA Davidson dropped their price objective on IPG Photonics to $200.00 in a report on Monday, October 8th. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $219.75.
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.
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