Inceptionr LLC Buys New Shares in IPG Photonics Co. (NASDAQ:IPGP)

Inceptionr LLC bought a new stake in shares of IPG Photonics Co. (NASDAQ:IPGP) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,759 shares of the semiconductor company’s stock, valued at approximately $492,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Sumitomo Mitsui Trust Group Inc. lifted its position in IPG Photonics by 2.9% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 999,649 shares of the semiconductor company’s stock valued at $72,694,000 after purchasing an additional 28,606 shares in the last quarter. Pacer Advisors Inc. lifted its position in IPG Photonics by 37.2% during the third quarter. Pacer Advisors Inc. now owns 671,025 shares of the semiconductor company’s stock valued at $49,871,000 after purchasing an additional 181,844 shares in the last quarter. Disciplined Growth Investors Inc. MN raised its holdings in IPG Photonics by 8.9% during the third quarter. Disciplined Growth Investors Inc. MN now owns 534,833 shares of the semiconductor company’s stock valued at $39,749,000 after acquiring an additional 43,874 shares during the period. Baillie Gifford & Co. raised its holdings in IPG Photonics by 34.0% during the fourth quarter. Baillie Gifford & Co. now owns 375,546 shares of the semiconductor company’s stock valued at $27,310,000 after acquiring an additional 95,199 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in IPG Photonics by 5.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 369,620 shares of the semiconductor company’s stock valued at $26,879,000 after acquiring an additional 19,307 shares during the period. 93.79% of the stock is currently owned by hedge funds and other institutional investors.

IPG Photonics Trading Up 0.7 %

Shares of IPGP stock opened at $63.04 on Friday. IPG Photonics Co. has a 12-month low of $56.71 and a 12-month high of $92.21. The stock’s 50-day moving average price is $68.81 and its 200-day moving average price is $72.39. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of -15.08 and a beta of 1.04.

IPG Photonics (NASDAQ:IPGP) last issued its earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.05). IPG Photonics had a positive return on equity of 2.98% and a negative net margin of 18.58%. As a group, research analysts predict that IPG Photonics Co. will post 1.54 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. Citigroup decreased their price target on IPG Photonics from $62.00 to $60.00 and set a “sell” rating on the stock in a report on Tuesday, February 18th. Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a report on Wednesday, February 12th. Northcoast Research cut IPG Photonics from a “buy” rating to a “neutral” rating in a report on Wednesday, December 4th. Finally, Stifel Nicolaus decreased their price target on IPG Photonics from $100.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. One analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, IPG Photonics has a consensus rating of “Hold” and an average target price of $87.75.

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.