Aster Capital Management DIFC Ltd Invests $421,000 in IPG Photonics Co. (NASDAQ:IPGP)

Aster Capital Management DIFC Ltd bought a new stake in IPG Photonics Co. (NASDAQ:IPGP - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,793 shares of the semiconductor company's stock, valued at approximately $421,000.

Several other institutional investors and hedge funds have also modified their holdings of IPGP. ExodusPoint Capital Management LP bought a new stake in IPG Photonics during the 4th quarter worth about $1,576,000. Motley Fool Asset Management LLC grew its stake in shares of IPG Photonics by 36.2% during the fourth quarter. Motley Fool Asset Management LLC now owns 29,603 shares of the semiconductor company's stock valued at $2,153,000 after purchasing an additional 7,867 shares during the last quarter. Headlands Technologies LLC acquired a new stake in shares of IPG Photonics in the fourth quarter valued at approximately $87,000. Alliancebernstein L.P. raised its position in IPG Photonics by 88.8% in the 4th quarter. Alliancebernstein L.P. now owns 70,813 shares of the semiconductor company's stock worth $5,150,000 after purchasing an additional 33,313 shares during the last quarter. Finally, Norges Bank acquired a new position in IPG Photonics during the 4th quarter worth $5,630,000. 93.79% of the stock is owned by institutional investors and hedge funds.

IPG Photonics Stock Up 1.7 %

NASDAQ IPGP traded up $0.89 during trading on Friday, reaching $53.77. 337,295 shares of the stock traded hands, compared to its average volume of 276,356. IPG Photonics Co. has a fifty-two week low of $48.59 and a fifty-two week high of $92.21. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of -12.86 and a beta of 0.97. The stock's 50-day moving average price is $61.74 and its 200 day moving average price is $70.95.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.23 by ($0.05). IPG Photonics had a negative net margin of 18.58% and a positive return on equity of 2.98%. Analysts anticipate that IPG Photonics Co. will post 1.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Citigroup cut their price target on IPG Photonics from $62.00 to $60.00 and set a "sell" rating on the stock in a research note on Tuesday, February 18th. CL King raised shares of IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 target price on the stock in a research note on Tuesday, March 18th. Needham & Company LLC reissued a "hold" rating on shares of IPG Photonics in a research note on Wednesday, February 12th. Finally, Stifel Nicolaus cut their price objective on shares of IPG Photonics from $100.00 to $85.00 and set a "buy" rating on the stock in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $85.40.

About IPG Photonics

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.