Roubaix Capital LLC Invests $2.62 Million in IPG Photonics Co. (NASDAQ:IPGP)

Roubaix Capital LLC acquired a new position in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 35,251 shares of the semiconductor company's stock, valued at approximately $2,620,000. Roubaix Capital LLC owned about 0.08% of IPG Photonics at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Crewe Advisors LLC bought a new stake in IPG Photonics during the 1st quarter worth about $52,000. Innealta Capital LLC bought a new stake in IPG Photonics during the 2nd quarter worth about $85,000. Covestor Ltd raised its holdings in IPG Photonics by 94.2% during the 1st quarter. Covestor Ltd now owns 1,728 shares of the semiconductor company's stock worth $157,000 after purchasing an additional 838 shares during the last quarter. EntryPoint Capital LLC grew its position in shares of IPG Photonics by 97.6% during the 1st quarter. EntryPoint Capital LLC now owns 1,964 shares of the semiconductor company's stock worth $178,000 after buying an additional 970 shares during the period. Finally, CWM LLC grew 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 worth $181,000 after buying an additional 1,689 shares during the period. 93.79% of the stock is owned by institutional investors.

IPG Photonics Stock Down 2.8 %

Shares of IPGP traded down $2.35 on Thursday, hitting $80.96. The company's stock had a trading volume of 386,307 shares, compared to its average volume of 267,146. The firm's fifty day moving average price is $71.68 and its 200-day moving average price is $79.25. IPG Photonics Co. has a fifty-two week low of $61.86 and a fifty-two week high of $111.11. The firm has a market capitalization of $3.58 billion, a price-to-earnings ratio of -23.27 and a beta of 1.00.

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, topping analysts' consensus estimates of $0.19 by $0.10. IPG Photonics had a return on equity of 5.99% and a net margin of 12.67%. The firm had revenue of $233.14 million during the quarter, compared to the consensus estimate of $227.89 million. During the same quarter in the prior year, the firm posted $1.16 EPS. The business's revenue was down 22.6% on a year-over-year basis. As a group, equities analysts predict that IPG Photonics Co. will post 1.38 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on IPGP shares. Stifel Nicolaus decreased their target price on IPG Photonics from $115.00 to $100.00 and set a "buy" rating for the company in a research report on Wednesday, July 31st. Needham & Company LLC restated a "hold" rating on shares of IPG Photonics in a research report on Wednesday. Benchmark restated a "hold" rating on shares of IPG Photonics in a research report on Wednesday. Finally, Raymond James decreased their target price on IPG Photonics from $127.00 to $100.00 and set a "strong-buy" rating for the company in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, IPG Photonics presently has a consensus rating of "Hold" and an average target price of $93.50.

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.