IPG Photonics (NASDAQ:IPGP) has been upgraded to an 'outperform' rating by Sanford C. Bernstein, with a price target of $97.00, indicating a potential upside of 34.46% from its previous close. The company recently reported earnings of $0.30 per share for the last quarter, significantly beating analysts' expectations of $0.10, although revenue was down 2.7% year-over-year. IPG Photonics' stock is largely held by institutional investors, with 93.79% of shares owned by this group, indicating strong confidence in the company's prospects. The firm's 52-week low is $48.59 and the 52-week high is $88.50. The 50-day simple moving average is $71.88 and the 200-day simple moving average is $65.79. The company has a market capitalization of $3.18 billion, a price-to-earnings ratio of -15.36, a price-to-earnings-growth ratio of 21.40, and a beta of 0.88. IPG Photonics last announced its earnings results on Tuesday, August 5th. The semiconductor company reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.10 by $0.20. The company had a positive return on equity of 2.25% and a negative net margin of 22.77%. Revenue for the quarter was $250.72 million, compared to analysts' expectations of $228.20 million. During the same period last year, the firm earned $0.45 EPS. Revenue for the quarter was down 2.7% compared to the same quarter last year. On average, analysts predict that IPG Photonics will post 1.54 earnings per share for the current year. In other IPG Photonics news, Director sold 1,360 shares of the business's stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $76.24, for a total transaction of $103,686.40. Following the completion of the transaction, the director owned 9,740 shares in the company, valued at $742,577.60. The trade was a 12.25% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission. 39.50% of the stock is owned by company insiders. A number of large investors have recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of IPG Photonics by 85.8% in the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,774,660 shares of the semiconductor company's stock valued at $121,830,000 after purchasing an additional 819,575 shares during the period. Alliancebernstein L.P. boosted its holdings in shares of IPG Photonics by 1,918.3% in the first quarter. Alliancebernstein L.P. now owns 1,429,241 shares of the semiconductor company's stock valued at $90,242,000 after purchasing an additional 1,358,428 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of IPG Photonics by 14.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,352,246 shares of the semiconductor company's stock valued at $98,335,000 after purchasing an additional 173,584 shares during the period. Lazard Asset Management LLC boosted its holdings in shares of IPG Photonics by 0.9% in the fourth quarter. Lazard Asset Management LLC now owns 1,069,193 shares of the semiconductor company's stock valued at $77,751,000 after purchasing an additional 9,852 shares during the period. Finally, AQR Capital Management LLC boosted its holdings in shares of IPG Photonics by 188.6% in the first quarter. AQR Capital Management LLC now owns 636,804 shares of the semiconductor company's stock valued at $40,208,000 after purchasing an additional 416,186 shares during the period. Hedge funds and other institutional investors own 93.79% of the company's stock. 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.

IPG Photonics (NASDAQ:IPGP) Upgraded at Sanford C. Bernstein

IPG Photonics (NASDAQ:IPGP) has been upgraded to an 'outperform' rating by Sanford C. Bernstein, with a price target of $97.00, reflecting a 34.46% potential upside from its previous close. The company reported quarterly earnings of $0.30 per share, exceeding analysts' expectations of $0.10, despite a 2.7% year-over-year revenue decline. The firm's market capitalization is $3.18 billion, with a negative price-to-earnings ratio of -15.36 and a positive return on equity of 2.25%. Institutional investors hold 93.79% of the company's shares. Recent investor activity includes significant holdings increases by Sumitomo Mitsui Trust Group Inc., Alliancebernstein L.P., Dimensional Fund Advisors LP, Lazard Asset Management LLC, and AQR Capital Management LLC. A director sold 1,360 shares at $76.24, reducing their ownership by 12.25%.