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Channing Capital Management LLC bought a new position in shares of IPG Photonics Co. (NASDAQ:IPGP – Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 651,546 shares of the semiconductor company’s stock, valued at approximately $70,719,000. IPG Photonics […]

Needham & Company LLC reaffirmed their hold rating on shares of IPG Photonics (NASDAQ:IPGP – Free Report) in a research note released on Wednesday, Benzinga reports. A number of other brokerages also recently issued reports on IPGP. Citigroup downgraded IPG Photonics from a neutral rating to a sell rating and reduced their price target for […]

IPG Photonics (NASDAQ:IPGP – Free Report) had its price target lowered by Benchmark from $116.00 to $106.00 in a research note published on Wednesday, Benzinga reports. Benchmark currently has a buy rating on the semiconductor company’s stock. Several other research firms also recently issued reports on IPGP. Seaport Res Ptn restated a buy rating on […]

IPG Photonics (NASDAQ:IPGP – Free Report) had its price objective trimmed by Benchmark from $116.00 to $106.00 in a research note published on Wednesday, Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock. Other research analysts have also issued research reports about the stock. Seaport Res Ptn reaffirmed a buy […]

IPG Photonics (NASDAQ:IPGP – Get Free Report) updated its second quarter 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 0.300-0.600 for the period, compared to the consensus estimate of 0.680. The company issued revenue guidance of $240.0 million-$270.0 million, compared to the consensus revenue estimate of $273.1 million. IPG […]