Beaumont Financial Advisors LLC Raises Position in IPG Photonics Co. (NASDAQ:IPGP)

Beaumont Financial Advisors LLC lifted its stake in shares of IPG Photonics Co. (NASDAQ:IPGP) by 4.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,414 shares of the semiconductor company’s stock after purchasing an additional 139 shares during the period. Beaumont Financial Advisors LLC’s holdings in IPG Photonics were worth $248,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of IPGP. Envestnet Asset Management Inc. increased its stake in shares of IPG Photonics by 11.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 50,388 shares of the semiconductor company’s stock worth $4,252,000 after purchasing an additional 5,190 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in IPG Photonics by 14.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 996,029 shares of the semiconductor company’s stock valued at $84,054,000 after buying an additional 125,958 shares in the last quarter. Amalgamated Bank grew its stake in IPG Photonics by 10.9% in the 2nd quarter. Amalgamated Bank now owns 17,946 shares of the semiconductor company’s stock valued at $1,514,000 after buying an additional 1,759 shares in the last quarter. Hsbc Holdings PLC purchased a new position in IPG Photonics in the 2nd quarter valued at approximately $374,000. Finally, Caxton Associates LP grew its stake in IPG Photonics by 64.8% in the 2nd quarter. Caxton Associates LP now owns 15,524 shares of the semiconductor company’s stock valued at $1,310,000 after buying an additional 6,106 shares in the last quarter. Hedge funds and other institutional investors own 93.79% of the company’s stock.

IPG Photonics Price Performance

IPGP opened at $77.07 on Friday. The company has a fifty day moving average price of $75.40 and a 200-day moving average price of $75.30. The firm has a market capitalization of $3.33 billion, a P/E ratio of -22.21 and a beta of 0.96. IPG Photonics Co. has a one year low of $61.86 and a one year high of $104.19.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, topping 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 company had revenue of $233.14 million during the quarter, compared to the consensus estimate of $227.89 million. During the same period in the previous year, the firm posted $1.16 EPS. The firm’s revenue was down 22.6% compared to the same quarter last year. On average, analysts expect that IPG Photonics Co. will post 1.51 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on IPGP. Needham & Company LLC reiterated a “hold” rating on shares of IPG Photonics in a research note on Wednesday, October 30th. Benchmark reiterated a “hold” rating on shares of IPG Photonics in a research note on Wednesday, October 30th. Finally, Northcoast Research lowered shares of IPG Photonics from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 4th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.