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IPG Photonics slammed as Needham downgrades on Russian exposure

Mar. 03, 2022 11:24 AM ETIPG Photonics Corporation (IPGP)By: Chris Ciaccia, SA News Editor2 Comments

Blue Collar Workers- metal welder

nimis69/E+ via Getty Images

IPG Photonics (NASDAQ:IPGP) shares fell sharply on Thursday, as investment firm Needham downgraded the semiconductor company, noting its exposure to Russia has weighed heavily on its outlook.

Analyst James Ricchiuti, who previously had a buy rating

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Comments (2)

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Wurlitzer profile picture
I sold my IPGP years ago when I learned of its activities in Russia. No point in supporting probable intellectual theft by an adversary.
bluescorpion0 profile picture
sadly people are captive of a broken system and therefore the pragmatic investor is forced to limit investment even if it was a great management team

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