Somewhat Positive Press Coverage Somewhat Unlikely to Impact IPG Photonics (NASDAQ:IPGP) Share Price
News articles about IPG Photonics (NASDAQ:IPGP) have trended somewhat positive this week, Accern Sentiment reports. The research group identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. IPG Photonics earned a news impact score of 0.18 on Accern’s scale. Accern also gave media stories about the semiconductor company an impact score of 46.8006516656177 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
These are some of the news articles that may have impacted Accern Sentiment’s scoring:
- IPG Photonics Co. (IPGP) Director John R. Peeler Sells 2,266 Shares (americanbankingnews.com)
- Laser Cutting Machines Market to Reach US$4.37 Billion by 2020, With Expansion in Vehicle Production (openpr.com)
- IPG Photonics Co. (IPGP) Director John R. Peeler Sells 2,734 Shares (americanbankingnews.com)
- $347.73 Million in Sales Expected for IPG Photonics Co. (IPGP) This Quarter (americanbankingnews.com)
Several equities analysts have recently commented on the stock. ValuEngine upgraded shares of IPG Photonics from a “hold” rating to a “buy” rating in a research report on Thursday, March 1st. Zacks Investment Research raised shares of IPG Photonics from a “hold” rating to a “strong-buy” rating and set a $275.00 price objective for the company in a report on Thursday, February 22nd. DA Davidson upped their price objective on shares of IPG Photonics from $1.86 to $275.00 and gave the stock a “buy” rating in a report on Wednesday, February 21st. Benchmark reaffirmed a “buy” rating and issued a $255.00 price objective (up previously from $230.00) on shares of IPG Photonics in a report on Tuesday, February 20th. Finally, Canaccord Genuity upped their price target on shares of IPG Photonics from $210.00 to $235.00 and gave the company a “hold” rating in a report on Tuesday, February 20th. Three investment analysts have rated the stock with a hold rating, seven have issued a buy rating and two have given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $213.60.
IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings data on Friday, February 16th. The semiconductor company reported $1.86 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.72 by $0.14. The firm had revenue of $361.10 million for the quarter, compared to the consensus estimate of $345.63 million. IPG Photonics had a return on equity of 21.29% and a net margin of 24.67%. The business’s revenue for the quarter was up 28.9% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.39 EPS. equities analysts expect that IPG Photonics will post 8.37 earnings per share for the current year.
In other news, CFO Timothy Pv Mammen sold 12,500 shares of the company’s stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $243.41, for a total value of $3,042,625.00. Following the transaction, the chief financial officer now owns 38,040 shares in the company, valued at approximately $9,259,316.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Igor Samartsev sold 8,000 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $221.59, for a total value of $1,772,720.00. The disclosure for this sale can be found here. Insiders sold a total of 57,000 shares of company stock worth $14,199,417 in the last quarter. 33.80% of the stock is owned by corporate insiders.
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IPG Photonics Company Profile
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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