Inceptionr LLC Takes Position in IPG Photonics Co. (NASDAQ:IPGP)

Inceptionr LLC bought a new stake in IPG Photonics Co. (NASDAQ:IPGP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,759 shares of the semiconductor company's stock, valued at approximately $492,000.

A number of other hedge funds and other institutional investors have also modified their holdings of IPGP. Versant Capital Management Inc grew its holdings in shares of IPG Photonics by 56.7% in the fourth quarter. Versant Capital Management Inc now owns 954 shares of the semiconductor company's stock valued at $69,000 after purchasing an additional 345 shares during the period. Venturi Wealth Management LLC boosted its holdings in IPG Photonics by 355.7% in the 4th quarter. Venturi Wealth Management LLC now owns 1,048 shares of the semiconductor company's stock valued at $76,000 after purchasing an additional 818 shares during the last quarter. SRS Capital Advisors Inc. grew its stake in shares of IPG Photonics by 463.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,065 shares of the semiconductor company's stock valued at $77,000 after buying an additional 876 shares during the period. KBC Group NV grew its stake in shares of IPG Photonics by 50.6% in the 3rd quarter. KBC Group NV now owns 1,086 shares of the semiconductor company's stock valued at $81,000 after buying an additional 365 shares during the period. Finally, Assetmark Inc. increased its holdings in shares of IPG Photonics by 28.3% during the 3rd quarter. Assetmark Inc. now owns 1,336 shares of the semiconductor company's stock worth $99,000 after buying an additional 295 shares during the last quarter. 93.79% of the stock is owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several brokerages recently weighed in on IPGP. Needham & Company LLC reiterated a "hold" rating on shares of IPG Photonics in a research report on Wednesday, February 12th. Citigroup lowered 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. Northcoast Research downgraded IPG Photonics from a "buy" rating to a "neutral" rating in a research report on Wednesday, December 4th. Finally, Stifel Nicolaus decreased their target price on shares of IPG Photonics from $100.00 to $85.00 and set a "buy" rating on the stock in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $87.75.

IPG Photonics Stock Performance

Shares of IPGP traded up $0.99 during midday trading on Wednesday, hitting $59.77. 294,041 shares of the stock were exchanged, compared to its average volume of 321,156. IPG Photonics Co. has a 52-week low of $56.71 and a 52-week high of $92.21. The stock has a fifty day simple moving average of $68.32 and a 200 day simple moving average of $72.27. The firm has a market cap of $2.54 billion, a P/E ratio of -14.30 and a beta of 1.05.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last announced its earnings results 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%. As a group, equities research analysts forecast that IPG Photonics Co. will post 1.54 EPS for the current fiscal year.

IPG Photonics 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.