Traders Purchase High Volume of Call Options on IPG Photonics (NASDAQ:IPGP)

IPG Photonics Co. (NASDAQ:IPGP) was the target of unusually large options trading on Monday. Stock investors purchased 942 call options on the company. This is an increase of approximately 871% compared to the typical daily volume of 97 call options.

A number of brokerages recently issued reports on IPGP. BidaskClub raised IPG Photonics from a “sell” rating to a “hold” rating in a report on Wednesday, April 3rd. Bank of America raised IPG Photonics from a “neutral” rating to a “buy” rating and set a $200.00 price target on the stock in a report on Monday. Needham & Company LLC reissued a “buy” rating and set a $170.00 price objective (up from $157.00) on shares of IPG Photonics in a report on Wednesday, February 13th. Northcoast Research lowered IPG Photonics from a “buy” rating to a “neutral” rating in a research report on Wednesday, February 13th. Finally, TheStreet upgraded IPG Photonics from a “c+” rating to a “b-” rating in a research report on Tuesday, February 26th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and nine have assigned a buy rating to the company’s stock. IPG Photonics has a consensus rating of “Buy” and an average target price of $182.36.

NASDAQ:IPGP traded up $2.94 during trading hours on Wednesday, reaching $181.63. 406,301 shares of the company traded hands, compared to its average volume of 444,124. The stock has a market capitalization of $9.46 billion, a price-to-earnings ratio of 24.61, a PEG ratio of 4.12 and a beta of 1.84. IPG Photonics has a 1 year low of $104.64 and a 1 year high of $261.77. The company has a current ratio of 7.35, a quick ratio of 5.70 and a debt-to-equity ratio of 0.02.

IPG Photonics (NASDAQ:IPGP) last announced its quarterly earnings data on Tuesday, February 12th. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.43 by ($0.03). The company had revenue of $330.10 million for the quarter, compared to analysts’ expectations of $314.91 million. IPG Photonics had a net margin of 27.67% and a return on equity of 18.66%. The firm’s quarterly revenue was down 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.86 EPS. As a group, equities research analysts predict that IPG Photonics will post 5.79 EPS for the current year.

Several hedge funds have recently bought and sold shares of the company. Parnassus Investments CA raised its stake in shares of IPG Photonics by 100.0% in the fourth quarter. Parnassus Investments CA now owns 1,000,000 shares of the semiconductor company’s stock worth $113,290,000 after purchasing an additional 500,000 shares during the last quarter. Mackenzie Financial Corp raised its stake in shares of IPG Photonics by 307.3% in the third quarter. Mackenzie Financial Corp now owns 864,514 shares of the semiconductor company’s stock worth $134,925,000 after purchasing an additional 652,276 shares during the last quarter. FMR LLC raised its stake in shares of IPG Photonics by 77.9% in the third quarter. FMR LLC now owns 743,049 shares of the semiconductor company’s stock worth $115,967,000 after purchasing an additional 325,425 shares during the last quarter. Eagle Asset Management Inc. raised its stake in shares of IPG Photonics by 4.0% in the fourth quarter. Eagle Asset Management Inc. now owns 719,444 shares of the semiconductor company’s stock worth $81,505,000 after purchasing an additional 27,622 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of IPG Photonics in the fourth quarter worth $68,325,000. Hedge funds and other institutional investors own 67.33% of the company’s stock.

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IPG Photonics Company Profile

IPG Photonics Corporation develops and manufactures a range of high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. The company's laser products include low, medium, and high power lasers; 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; laser diode chips and packaged laser diodes; and high power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.

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