Barclays PLC Raises Position in IPG Photonics Co. (NASDAQ:IPGP)

Barclays PLC increased its holdings in IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 42.5% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,787 shares of the semiconductor company's stock after acquiring an additional 11,562 shares during the quarter. Barclays PLC owned about 0.09% of IPG Photonics worth $2,883,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently bought and sold shares of IPGP. XTX Topco Ltd purchased a new position in IPG Photonics during the third quarter valued at $356,000. Jane Street Group LLC increased its holdings in shares of IPG Photonics by 100.4% during the third quarter. Jane Street Group LLC now owns 21,771 shares of the semiconductor company's stock valued at $1,618,000 after acquiring an additional 10,906 shares in the last quarter. Systematic Financial Management LP raised its position in shares of IPG Photonics by 8.2% in 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. Quantinno Capital Management LP boosted its stake in IPG Photonics by 515.8% in the 3rd quarter. Quantinno Capital Management LP now owns 29,932 shares of the semiconductor company's stock worth $2,225,000 after purchasing an additional 25,071 shares in the last quarter. Finally, Holocene Advisors LP grew its position in IPG Photonics by 55.6% during the 3rd quarter. Holocene Advisors LP now owns 36,345 shares of the semiconductor company's stock valued at $2,701,000 after purchasing an additional 12,993 shares during the last quarter. 93.79% of the stock is owned by hedge funds and other institutional investors.

IPG Photonics Price Performance

IPG Photonics stock traded up $1.49 during midday trading on Wednesday, reaching $76.33. 124,723 shares of the company traded hands, compared to its average volume of 267,588. IPG Photonics Co. has a 12 month low of $61.86 and a 12 month high of $111.11. The business has a 50 day moving average of $77.65 and a two-hundred day moving average of $76.73. The firm has a market capitalization of $3.30 billion, a price-to-earnings ratio of -22.00 and a beta of 0.96.

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

Wall Street Analyst Weigh In

IPGP has been the subject of several recent analyst reports. Benchmark reaffirmed a "hold" rating on shares of IPG Photonics in a report on Wednesday, October 30th. Needham & Company LLC restated a "hold" rating on shares of IPG Photonics in a report on Wednesday, October 30th. Finally, Northcoast Research cut IPG Photonics from a "buy" rating to a "neutral" rating in a research report on Wednesday, December 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target 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.