IPG Photonics Co. (NASDAQ:IPGP) Short Interest Update

IPG Photonics Co. (NASDAQ:IPGP - Get Free Report) was the recipient of a large growth in short interest in December. As of December 15th, there was short interest totalling 1,700,000 shares, a growth of 19.7% from the November 30th total of 1,420,000 shares. Approximately 6.8% of the shares of the company are sold short. Based on an average daily volume of 266,300 shares, the short-interest ratio is currently 6.4 days.

Analyst Upgrades and Downgrades

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

IPG Photonics Price Performance

Shares of NASDAQ:IPGP traded down $2.99 during trading on Friday, hitting $73.42. 162,954 shares of the company's stock were exchanged, compared to its average volume of 213,780. The business's 50-day simple moving average is $77.66 and its 200 day simple moving average is $76.58. The company has a market cap of $3.18 billion, a price-to-earnings ratio of -21.16 and a beta of 0.96. IPG Photonics has a 52-week low of $61.86 and a 52-week high of $110.30.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last announced its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.10. IPG Photonics had a negative net margin of 14.20% and a positive return on equity of 4.32%. The business had revenue of $233.14 million during the quarter, compared to analyst estimates of $227.89 million. During the same period last year, the firm posted $1.16 EPS. The company's revenue was down 22.6% on a year-over-year basis. On average, sell-side analysts anticipate that IPG Photonics will post 1.51 EPS for the current fiscal year.

Institutional Trading of IPG Photonics

Hedge funds have recently bought and sold shares of the stock. KBC Group NV increased its holdings in shares of IPG Photonics by 50.6% in the third quarter. KBC Group NV now owns 1,086 shares of the semiconductor company's stock worth $81,000 after purchasing an additional 365 shares during the last quarter. Assetmark Inc. grew its holdings in IPG Photonics by 28.3% during the 3rd quarter. Assetmark Inc. now owns 1,336 shares of the semiconductor company's stock valued at $99,000 after buying an additional 295 shares in the last quarter. FMR LLC increased its stake in IPG Photonics by 10.4% in the 3rd quarter. FMR LLC now owns 1,620 shares of the semiconductor company's stock worth $120,000 after acquiring an additional 153 shares during the last quarter. Covestor Ltd raised its holdings in shares of IPG Photonics by 7.7% during the 3rd quarter. Covestor Ltd now owns 1,869 shares of the semiconductor company's stock worth $139,000 after acquiring an additional 133 shares in the last quarter. Finally, CWM LLC boosted its position in shares of IPG Photonics by 226.4% during the 3rd quarter. CWM LLC now owns 2,435 shares of the semiconductor company's stock valued at $181,000 after acquiring an additional 1,689 shares during the last quarter. Hedge funds and other institutional investors own 93.79% of the company's stock.

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.