IPG Photonics (NASDAQ:IPGP) Hits New 1-Year Low – Should You Sell?

IPG Photonics Co. (NASDAQ:IPGP) shares hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $60.30 and last traded at $60.61, with a volume of 60903 shares traded. The stock had previously closed at $62.89.

Analysts Set New Price Targets

Several research firms have issued reports on IPGP. Needham & Company LLC restated a “hold” rating on shares of IPG Photonics in a report on Wednesday, February 12th. Benchmark reaffirmed a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Citigroup decreased their price target on IPG Photonics from $62.00 to $60.00 and set a “sell” rating for the company in a research note on Tuesday, February 18th. Stifel Nicolaus cut their price objective on IPG Photonics from $100.00 to $85.00 and set a “buy” rating on the stock in a research note on Wednesday, February 12th. Finally, Northcoast Research downgraded IPG Photonics from a “buy” rating to a “neutral” rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $87.75.

IPG Photonics Stock Performance

The company has a 50-day simple moving average of $71.46 and a 200 day simple moving average of $72.89. The company has a market capitalization of $2.61 billion, a P/E ratio of -14.40 and a beta of 0.95.

IPG Photonics (NASDAQ:IPGP) last announced its earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share for the quarter, missing analysts’ consensus estimates of $0.23 by ($0.05). IPG Photonics had a positive return on equity of 2.98% and a negative net margin of 18.58%. As a group, sell-side analysts forecast that IPG Photonics Co. will post 1.54 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in IPGP. Covestor Ltd increased its stake in IPG Photonics by 7.7% in the third quarter. Covestor Ltd now owns 1,869 shares of the semiconductor company’s stock valued at $139,000 after purchasing an additional 133 shares in the last quarter. Beaumont Financial Advisors LLC boosted its stake in shares of IPG Photonics by 4.2% during the 4th quarter. Beaumont Financial Advisors LLC now owns 3,414 shares of the semiconductor company’s stock worth $248,000 after acquiring an additional 139 shares during the period. FMR LLC boosted its holdings in shares of IPG Photonics by 10.4% during the 3rd quarter. FMR LLC now owns 1,620 shares of the semiconductor company’s stock worth $120,000 after buying an additional 153 shares during the period. Cerity Partners LLC grew its stake in shares of IPG Photonics by 5.7% in the fourth quarter. Cerity Partners LLC now owns 3,030 shares of the semiconductor company’s stock valued at $222,000 after acquiring an additional 163 shares in the last quarter. Finally, Waterfront Wealth Inc. raised its position in shares of IPG Photonics by 1.6% in the 4th quarter. Waterfront Wealth Inc. now owns 12,310 shares of the semiconductor company’s stock valued at $895,000 after buying an additional 190 shares in the last quarter. Institutional investors and hedge funds own 93.79% of the company’s stock.

About IPG Photonics

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.