IPG Photonics (NASDAQ:IPGP) Stock Price Down 4% – Time to Sell?

IPG Photonics Co. (NASDAQ:IPGP) was down 4% during trading on Friday . The company traded as low as $74.11 and last traded at $74.00. Approximately 50,005 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 200,354 shares. The stock had previously closed at $77.07.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Benchmark reaffirmed a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Needham & Company LLC reiterated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Finally, Northcoast Research lowered shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research report on Wednesday, December 4th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $93.50.

IPG Photonics Price Performance

The stock’s 50 day moving average is $75.40 and its two-hundred day moving average is $75.30. The firm has a market capitalization of $3.21 billion, a P/E ratio of -21.35 and a beta of 0.96.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings results on Tuesday, October 29th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.19 by $0.10. IPG Photonics had a positive return on equity of 4.32% and a negative net margin of 14.20%. The business had revenue of $233.14 million for the quarter, compared to analyst estimates of $227.89 million. During the same period last year, the company earned $1.16 EPS. The firm’s revenue was down 22.6% on a year-over-year basis. As a group, equities research analysts expect that IPG Photonics Co. will post 1.51 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in IPGP. Versant Capital Management Inc increased its holdings in IPG Photonics by 56.7% during the 4th quarter. Versant Capital Management Inc now owns 954 shares of the semiconductor company’s stock worth $69,000 after purchasing an additional 345 shares in the last quarter. KBC Group NV grew its holdings in shares of IPG Photonics by 50.6% during the third quarter. KBC Group NV now owns 1,086 shares of the semiconductor company’s stock worth $81,000 after buying an additional 365 shares in the last quarter. Assetmark Inc. raised its position in IPG Photonics by 28.3% in the 3rd quarter. Assetmark Inc. now owns 1,336 shares of the semiconductor company’s stock valued at $99,000 after buying an additional 295 shares during the last quarter. FMR LLC lifted its stake in IPG Photonics by 10.4% in the 3rd quarter. FMR LLC now owns 1,620 shares of the semiconductor company’s stock valued at $120,000 after acquiring an additional 153 shares in the last quarter. Finally, Covestor Ltd boosted its position in IPG Photonics by 7.7% during the 3rd quarter. Covestor Ltd now owns 1,869 shares of the semiconductor company’s stock worth $139,000 after acquiring an additional 133 shares during the last quarter. 93.79% of the stock is currently owned by institutional investors.

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.