News coverage about IPG Photonics (NASDAQ:IPGP) has trended somewhat positive this week, according to Alpha One Sentiment Analysis. The research group, a division of Accern, scores the sentiment of press coverage by reviewing more than twenty million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. IPG Photonics earned a news sentiment score of 0.21 on Alpha One’s scale. Alpha One also gave news coverage about the semiconductor company an impact score of 52 out of 100, indicating that recent press coverage is somewhat likely to have an effect on the stock’s share price in the next few days.
These are some of the news articles that may have effected Alpha One’s scoring:
- Stock Valuation in Focus for IPG Photonics Corporation (NasdaqGS:IPGP) – Concord Register (concordregister.com)
- ETFs with exposure to IPG Photonics Corp. : May 18, 2017 (finance.yahoo.com)
- The DUPONT CAPITAL MANAGEMENT Corp Maintains Stake in IPG Photonics Co. (IPGP) – BangaloreWeekly (bangaloreweekly.com)
- IPG Photonics Corp. :IPGP-US: Earnings Analysis: Q1, 2017 By the Numbers : May 17, 2017 (finance.yahoo.com)
- IPG Photonics Co. (IPGP) Sees Significant Increase in Short Interest (americanbankingnews.com)
Shares of IPG Photonics (NASDAQ:IPGP) traded up 0.75% on Friday, reaching $135.97. 299,700 shares of the company traded hands. The firm has a market capitalization of $7.30 billion, a P/E ratio of 25.61 and a beta of 1.67. IPG Photonics has a 1-year low of $76.22 and a 1-year high of $143.81. The stock has a 50-day moving average price of $127.37 and a 200 day moving average price of $111.87.
IPG Photonics (NASDAQ:IPGP) last announced its quarterly earnings results on Tuesday, May 2nd. The semiconductor company reported $1.38 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.19. The company had revenue of $285.80 million for the quarter, compared to the consensus estimate of $253.97 million. IPG Photonics had a net margin of 25.83% and a return on equity of 17.73%. IPG Photonics’s revenue for the quarter was up 37.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 EPS. Analysts anticipate that IPG Photonics will post $5.95 EPS for the current fiscal year.
A number of research firms have recently commented on IPGP. Benchmark Co. boosted their price target on shares of IPG Photonics from $116.00 to $125.00 and gave the company a “buy” rating in a research report on Wednesday, February 15th. Needham & Company LLC restated a “buy” rating and set a $146.00 price target (up from $130.00) on shares of IPG Photonics in a research report on Wednesday, May 3rd. Dougherty & Co boosted their price target on shares of IPG Photonics from $137.00 to $157.00 and gave the company a “buy” rating in a research report on Wednesday, May 3rd. Zacks Investment Research lowered shares of IPG Photonics from a “buy” rating to a “hold” rating in a research report on Monday, February 27th. Finally, Summit Redstone restated a “buy” rating on shares of IPG Photonics in a research report on Tuesday, January 31st. Seven analysts have rated the stock with a buy rating, The stock presently has a consensus rating of “Buy” and an average price target of $128.67.
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In other IPG Photonics news, SVP Angelo P. Lopresti sold 4,626 shares of IPG Photonics stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $138.00, for a total value of $638,388.00. Following the sale, the senior vice president now directly owns 37,765 shares in the company, valued at approximately $5,211,570. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Valentin Gapontsev Trust I sold 23,800 shares of IPG Photonics stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $135.40, for a total transaction of $3,222,520.00. Following the completion of the sale, the insider now owns 7,614,471 shares in the company, valued at $1,030,999,373.40. The disclosure for this sale can be found here. Over the last quarter, insiders sold 28,626 shares of company stock worth $3,888,908. 34.20% of the stock is currently owned by insiders.
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.
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