Jane Street Group LLC Acquires 10,906 Shares of IPG Photonics Co. (NASDAQ:IPGP)

Jane Street Group LLC lifted its position in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 100.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,771 shares of the semiconductor company's stock after buying an additional 10,906 shares during the period. Jane Street Group LLC owned about 0.05% of IPG Photonics worth $1,618,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in IPG Photonics by 14.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 996,029 shares of the semiconductor company's stock worth $84,054,000 after buying an additional 125,958 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in IPG Photonics by 2.2% during the second quarter. Disciplined Growth Investors Inc. MN now owns 490,959 shares of the semiconductor company's stock worth $41,432,000 after acquiring an additional 10,775 shares in the last quarter. LHM Inc. boosted its position in IPG Photonics by 61.1% during the second quarter. LHM Inc. now owns 45,775 shares of the semiconductor company's stock valued at $3,863,000 after purchasing an additional 17,354 shares during the last quarter. Quantbot Technologies LP grew its stake in IPG Photonics by 57.7% in the third quarter. Quantbot Technologies LP now owns 23,253 shares of the semiconductor company's stock valued at $1,728,000 after purchasing an additional 8,507 shares in the last quarter. Finally, Systematic Financial Management LP increased its position in shares of IPG Photonics by 8.2% during the 3rd quarter. Systematic Financial Management LP now owns 123,902 shares of the semiconductor company's stock worth $9,208,000 after purchasing an additional 9,405 shares during the last quarter. 93.79% of the stock is currently owned by institutional investors.

IPG Photonics Price Performance

IPGP stock traded down $2.99 during midday trading on Friday, reaching $73.42. 162,954 shares of the company were exchanged, compared to its average volume of 267,699. IPG Photonics Co. has a one year low of $61.86 and a one year high of $110.30. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of -21.16 and a beta of 0.96. The business has a 50-day moving average price of $77.71 and a two-hundred day moving average price of $76.73.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last announced its earnings results on Tuesday, October 29th. The semiconductor company reported $0.29 EPS for the quarter, topping the consensus estimate of $0.19 by $0.10. The business had revenue of $233.14 million during the quarter, compared to the consensus estimate of $227.89 million. IPG Photonics had a negative net margin of 14.20% and a positive return on equity of 4.32%. IPG Photonics's revenue was down 22.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.16 EPS. As a group, analysts anticipate that IPG Photonics Co. will post 1.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

IPGP has been the subject of several analyst reports. Needham & Company LLC reissued a "hold" rating on shares of IPG Photonics in a research note on Wednesday, October 30th. Benchmark reissued a "hold" rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Finally, Northcoast Research cut shares of IPG Photonics from a "buy" rating to a "neutral" rating in a report on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $93.50.

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.