IPG Photonics Corporation (IPGP): Electronics' Featured Daily Laggard

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

IPG Photonics Corporation ( IPGP) pushed the Electronics industry lower today making it today's featured Electronics laggard. The industry as a whole closed the day up 0.6%. By the end of trading, IPG Photonics Corporation fell $1.12 (-1.7%) to $63.29 on average volume. Throughout the day, 454,356 shares of IPG Photonics Corporation exchanged hands as compared to its average daily volume of 541,800 shares. The stock ranged in price between $61.60-$65.66 after having opened the day at $64.54 as compared to the previous trading day's close of $64.41. Other companies within the Electronics industry that declined today were: Microvision ( MVIS), down 16.6%, Ixia ( XXIA), down 9.6%, Daqo New Energy ( DQ), down 9.2%, and Mitcham Industries ( MIND), down 6.3%.
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IPG Photonics Corporation develops and manufactures fiber lasers, fiber amplifiers, and diode lasers. IPG Photonics Corporation has a market cap of $3.3 billion and is part of the technology sector. The company has a P/E ratio of 22.8, above the S&P 500 P/E ratio of 17.7. Shares are down 3.4% year to date as of the close of trading on Wednesday. Currently there are seven analysts that rate IPG Photonics Corporation a buy, no analysts rate it a sell, and three rate it a hold.

TheStreet Ratings rates IPG Photonics Corporation as a buy. The company's strengths can be seen in multiple areas, such as its robust revenue growth, largely solid financial position with reasonable debt levels by most measures, increase in net income, good cash flow from operations and growth in earnings per share. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the positive front, Dynasil Corporation of America ( DYSL), up 14.3%, Revolution Lighting Technologies ( RVLT), up 10.1%, Enphase Energy ( ENPH), up 8.3%, and BTU International ( BTUI), up 7.8%, were all gainers within the electronics industry with Texas Instruments ( TXN) being today's featured electronics industry leader.

For investors not wanting singular stock exposure, ETFs may be of interest. Investors who are bullish on the electronics industry could consider iShares Dow Jones US Technology ( IYW) while those bearish on the electronics industry could consider ProShares Ultra Short Semiconductor ( SSG).

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