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

Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

IPG Photonics Corporation ( IPGP) pushed the Electronics industry higher today making it today's featured electronics winner. The industry as a whole closed the day up 0.2%. By the end of trading, IPG Photonics Corporation rose $2.44 (3.4%) to $75.10 on average volume. Throughout the day, 460,692 shares of IPG Photonics Corporation exchanged hands as compared to its average daily volume of 483,700 shares. The stock ranged in a price between $72.31-$75.20 after having opened the day at $72.50 as compared to the previous trading day's close of $72.66. Other companies within the Electronics industry that increased today were: Camtek ( CAMT), up 72.1%, Eltek ( ELTK), up 9.5%, Ambarella ( AMBA), up 6.0% and GigOptix ( GIG), up 5.8%.

IPG Photonics Corporation develops and manufactures fiber lasers, fiber amplifiers, and diode lasers that are used in various applications, primarily in materials processing. IPG Photonics Corporation has a market cap of $3.7 billion and is part of the technology sector. The company has a P/E ratio of 24.5, above the S&P 500 P/E ratio of 17.7. Shares are up 7.8% year to date as of the close of trading on Friday. Currently there are 8 analysts that rate IPG Photonics Corporation a buy, no analysts rate it a sell, and 1 rates 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 revenue growth, increase in stock price during the past year, largely solid financial position with reasonable debt levels by most measures, notable return on equity and expanding profit margins. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results.

On the negative front, Uni-pixel ( UNXL), down 12.8%, Daqo New Energy ( DQ), down 11.1%, Trina Solar ( TSL), down 9.5% and Geospace Technologies ( GEOS), down 7.5% , were all laggards within the electronics industry with Micron Technology ( MU) being today's electronics industry laggard.

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).

3x UPSIDE POTENTIAL: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12-months. Learn more.
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