AI Squared Management Ltd Takes Position in IPG Photonics Co. (NASDAQ:IPGP)

AI Squared Management Ltd purchased a new stake in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 39,500 shares of the semiconductor company's stock, valued at approximately $2,872,000. IPG Photonics comprises about 3.0% of AI Squared Management Ltd's holdings, making the stock its 11th largest holding. AI Squared Management Ltd owned 0.09% of IPG Photonics at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in IPGP. EntryPoint Capital LLC boosted its position in IPG Photonics by 104.7% during the fourth quarter. EntryPoint Capital LLC now owns 6,285 shares of the semiconductor company's stock worth $457,000 after purchasing an additional 3,214 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of IPG Photonics during the 4th quarter valued at approximately $465,000. American Century Companies Inc. boosted its holdings in IPG Photonics by 1,076.7% in the 4th quarter. American Century Companies Inc. now owns 93,866 shares of the semiconductor company's stock worth $6,826,000 after buying an additional 85,889 shares during the period. Virtu Financial LLC purchased a new position in IPG Photonics in the 4th quarter valued at approximately $209,000. Finally, Quantbot Technologies LP raised its holdings in IPG Photonics by 3.4% during the 4th quarter. Quantbot Technologies LP now owns 24,040 shares of the semiconductor company's stock valued at $1,748,000 after acquiring an additional 787 shares during the period. Hedge funds and other institutional investors own 93.79% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research firms have recently commented on IPGP. Citigroup cut their price target on IPG Photonics from $62.00 to $60.00 and set a "sell" rating for the company in a report on Tuesday, February 18th. CL King raised IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 target price for the company in a report on Tuesday, March 18th. Needham & Company LLC reissued a "hold" rating on shares of IPG Photonics in a report on Wednesday, February 12th. Stifel Nicolaus cut their price objective on shares of IPG Photonics from $100.00 to $85.00 and set a "buy" rating for the company in a research report on Wednesday, February 12th. Finally, Northcoast Research lowered shares of IPG Photonics from a "buy" rating to a "neutral" rating in a report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $85.40.

IPG Photonics Stock Performance

IPG Photonics stock traded down $0.56 during mid-day trading on Friday, hitting $65.13. 356,222 shares of the company traded hands, compared to its average volume of 271,290. IPG Photonics Co. has a one year low of $56.71 and a one year high of $92.21. The stock has a market cap of $2.77 billion, a price-to-earnings ratio of -15.58 and a beta of 1.04. The stock has a fifty day moving average price of $65.98 and a 200-day moving average price of $72.04.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last posted its quarterly earnings data 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%. Sell-side analysts predict that IPG Photonics Co. will post 1.54 EPS for the current year.

IPG Photonics Company Profile

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.