IPG Photonics Corporation (IPGP): Today's Featured Electronics Laggard

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 1.4%. By the end of trading, IPG Photonics Corporation fell $1.72 (-2.9%) to $58.28 on heavy volume. Throughout the day, 904,950 shares of IPG Photonics Corporation exchanged hands as compared to its average daily volume of 523,600 shares. The stock ranged in price between $57.87-$60.76 after having opened the day at $60.69 as compared to the previous trading day's close of $60.00. Other companies within the Electronics industry that declined today were: SemiLEDs ( LEDS), down 15.8%, TranSwitch Corporation ( TXCC), down 8.0%, Meade Instruments Corporation ( MEAD), down 6.3% and Neonode ( NEON), down 4.4%.

IPG Photonics Corporation develops and manufactures fiber lasers, fiber amplifiers, and diode lasers. IPG Photonics Corporation has a market cap of $3.1 billion and is part of the technology sector. Shares are down 10.0% year to date as of the close of trading on Wednesday. Currently there are 7 analysts that rate IPG Photonics Corporation a buy, no analysts rate it a sell, and 3 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, notable return on equity, growth in earnings per share and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow.

On the positive front, SatCon Technology Corporation ( SATC), up 16.7%, Advanced Micro Devices ( AMD), up 11.8%, Affymetrix ( AFFX), up 10.2% and Amtech Systems ( ASYS), up 9.2% , were all gainers within the electronics industry with ABB ( ABB) 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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