one8zero8 LLC purchased a new stake in IPG Photonics Co. (NASDAQ:IPGP - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 19,335 shares of the semiconductor company's stock, valued at approximately $1,406,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Beaumont Financial Advisors LLC lifted its position in IPG Photonics by 4.2% in the fourth quarter. Beaumont Financial Advisors LLC now owns 3,414 shares of the semiconductor company's stock valued at $248,000 after acquiring an additional 139 shares during the last quarter. FMR LLC lifted its position in IPG Photonics by 10.4% in the third quarter. FMR LLC now owns 1,620 shares of the semiconductor company's stock valued at $120,000 after acquiring an additional 153 shares during the last quarter. Waterfront Wealth Inc. lifted its position in IPG Photonics by 1.6% in the fourth quarter. Waterfront Wealth Inc. now owns 12,310 shares of the semiconductor company's stock valued at $895,000 after acquiring an additional 190 shares during the last quarter. Calamos Wealth Management LLC lifted its position in IPG Photonics by 4.0% in the fourth quarter. Calamos Wealth Management LLC now owns 6,237 shares of the semiconductor company's stock valued at $454,000 after acquiring an additional 237 shares during the last quarter. Finally, Assetmark Inc. lifted its position in IPG Photonics by 28.3% in the third quarter. Assetmark Inc. now owns 1,336 shares of the semiconductor company's stock valued at $99,000 after acquiring an additional 295 shares during the last quarter. Hedge funds and other institutional investors own 93.79% of the company's stock.
Analysts Set New Price Targets
IPGP has been the topic of a number of recent research reports. Northcoast Research lowered shares of IPG Photonics from a "buy" rating to a "neutral" rating in a research note on Wednesday, December 4th. Stifel Nicolaus dropped their price objective on shares of IPG Photonics from $100.00 to $85.00 and set a "buy" rating on the stock in a research note on Wednesday, February 12th. CL King upgraded shares of IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 price objective on the stock in a research note on Tuesday. Citigroup dropped their price objective on shares of IPG Photonics from $62.00 to $60.00 and set a "sell" rating on the stock in a research note on Tuesday, February 18th. Finally, Needham & Company LLC restated a "hold" rating on shares of IPG Photonics in a research note on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, IPG Photonics currently has an average rating of "Hold" and an average target price of $85.40.
Get Our Latest Report on IPGP
IPG Photonics Trading Down 1.4 %
Shares of IPG Photonics stock traded down $0.91 on Thursday, reaching $65.35. 294,843 shares of the stock were exchanged, compared to its average volume of 257,889. IPG Photonics Co. has a 1-year low of $56.71 and a 1-year high of $92.21. The business has a fifty day moving average price of $67.00 and a two-hundred day moving average price of $71.98. The firm has a market capitalization of $2.78 billion, a PE ratio of -15.63 and a beta of 1.04.
IPG Photonics (NASDAQ:IPGP - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.23 by ($0.05). IPG Photonics had a positive return on equity of 2.98% and a negative net margin of 18.58%. Research analysts expect that IPG Photonics Co. will post 1.54 EPS for the current year.
About IPG Photonics
(
Free Report)
IPG Photonics Corporation develops, manufactures, and sells various high-performance fiber lasers, fiber amplifiers, and diode lasers used in various applications primarily in materials processing worldwide. Its laser products include hybrid fiber-solid state lasers with green and ultraviolet wavelengths; fiber pigtailed packaged diodes and fiber coupled direct diode laser systems; high-energy pulsed lasers, multi-wavelength and tunable lasers, and single-polarization and single-frequency lasers; and high-power optical fiber delivery cables, fiber couplers, beam switches, chillers, scanners, and other accessories.
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