Do Investors Have Much Faith In IPG Photonics Corporation (NASDAQ: IPGP)


IPG Photonics Corporation (NASDAQ:IPGP) does about 273.05K shares in volume on a normal day but saw 344026 shares change hands in Friday trading. The company now has a market cap of 6.39B USD. Its current market price is $131.17, marking a decrease of -1.75% compared to the previous close of $133.51. The 52 week high reached by this stock is $139.82 whilst the lowest price level in 52 weeks is $79.88. The script in recent trading has seen the stock touch a high of $132.76 and a low of $129.07.

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IPG Photonics Corporation (IPGP) has a 20-day trading average at $115.98 and the current price is -6.19% off the 52-week high compared with 64.22% distance from its 52-week low. The 50-day simple moving average of the closing price is $105.27 and its 200-day simple moving average is $96.71. If we look at the stock’s price movements over the week, volatility stands at 5.90%, which decreases to 2.99% over 1 month. It is also key to look at other market indicators of price movement for the stock, where we see that the relative strength index (RSI) is at 76.79 to suggest the stock is overbought.

10 analysts observing the IPG Photonics Corporation (IPGP) stock have set the 12-month price targets for the company’s shares at between $101.00 and $160.00. The consensus objective for the share price is $109.43, suggesting that the stock has a potential downside of -19.87% over the period. The median price target is -5.78% away from the current levels at $124.00.

FactSet Research has provided data showing that 10 brokerages have issued ratings for the stock. 0 analysts have rated it as a sell, while 0 advise that it is a overweight. 4 analysts have rated it as a buy and 5 have advised that investors hold their positions. The consensus recommendation rating is Overweight and Wall Street’s advice is for investors to Moderate Buy the stock.

Citigroup upgraded its price target at $157.

The current price level is 14.26%, 25.60%, and 35.80% away from its SMA20, SMA50, and SMA200 respectively, with the IPGP price moving above the 50-day SMA on February 17. IPG Photonics Corporation (IPGP) stock is up 17.58% over the week and 23.49% over the past month. Its price is 38.55% year-to-date and -6.74% over the past year.

The stock last released its quarterly earnings report for quarter ended 9/29/2022, with the company’s earnings per share (EPS) of $1.47 above consensus estimates by $0.32. The company’s next earnings report is expected on 05/02/2023, with forecasts estimating quarterly EPS at $0.89 and $4.72 for whole year. IPGP’s earnings per share are forecast to shrink by -8.50% this year and 2.80% over next year. Expected sales for next quarter are $332.44 million, which analysts say will come at $1.41 billion for the current fiscal year and next year at $1.43 billion. In addition, estimates put the company’s current quarterly revenue at an average of $316.08 million.

Its 12-month price target is $124.00. To reach the target analysts have set, the stock logically needs to shrink -19.87 percent from here. Of course, the average price target is just what the average analysts believe a stock will be worth in the next 52 weeks, and is only one metric. There are analysts with lower targets than the average, including one bearish Wall Street research firm advocating investors to wait for the price to pull back to $101.00, given the recent momentum. And then, on the bullish side of things, one analyst is expecting the stock to peak at $160.00.

Outstanding shares total 51.63M with insiders holding 37.68% of the shares and institutional holders owning 66.71% of the company’s common stock. The company has a return on investment of 10.00% and return on equity of 10.00%. The price to earnings ratio (P/E ratio) amounts to 25.72 while the forward price to earnings ratio is 27.04. The beta has a value of 1.25. Price to book ratio is 2.62 and price to sales ratio is 4.37.

According to a U.S. Securities and Exchange Commission filing, First Eagle Global Fund has added its position in IPG Photonics Corporation (IPGP) to 3,097,302 shares, mirroring a recent increase by 18.47%. First Eagle Global Fund added 0.48 million shares of IPG Photonics Corporation common stock bringing its total worth to about $347.21 million at the end of recent close, SEC documents show. First Eagle Global Fund isn’t the only investment manager who changed stakes and is followed by Nikko Asset Global Robotics Equit, which added 0.44 million shares to end up with 1,041,712 shares worth $116.78 million. iShares Core S&P Mid Cap ETF cut their holdings by -0.19% in the company over the course of the most recent quarter. It now holds a 2.05% position in IPG Photonics Corporation thanks to 1.0 million shares amounting to $112.07 million.


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