IPG Photonics Co. (NASDAQ:IPGP) Holdings Increased by Adage Capital Partners GP L.L.C.

Adage Capital Partners GP L.L.C. increased its holdings in IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 9.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 115,099 shares of the semiconductor company's stock after purchasing an additional 10,000 shares during the period. Adage Capital Partners GP L.L.C. owned 0.27% of IPG Photonics worth $8,370,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Beaumont Financial Advisors LLC grew its position in IPG Photonics by 4.2% in the fourth quarter. Beaumont Financial Advisors LLC now owns 3,414 shares of the semiconductor company's stock valued at $248,000 after acquiring an additional 139 shares in the last quarter. Cerity Partners LLC lifted its holdings in IPG Photonics by 5.7% in the 4th quarter. Cerity Partners LLC now owns 3,030 shares of the semiconductor company's stock worth $222,000 after buying an additional 163 shares in the last quarter. Waterfront Wealth Inc. boosted its position in IPG Photonics by 1.6% in the 4th quarter. Waterfront Wealth Inc. now owns 12,310 shares of the semiconductor company's stock valued at $895,000 after buying an additional 190 shares during the last quarter. Xponance Inc. grew its stake in shares of IPG Photonics by 7.6% during the fourth quarter. Xponance Inc. now owns 3,201 shares of the semiconductor company's stock valued at $233,000 after acquiring an additional 226 shares in the last quarter. Finally, Calamos Wealth Management LLC increased its position in shares of IPG Photonics by 4.0% during the fourth quarter. Calamos Wealth Management LLC now owns 6,237 shares of the semiconductor company's stock worth $454,000 after acquiring an additional 237 shares during the last quarter. 93.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on IPGP shares. Stifel Nicolaus set a $72.00 price target on IPG Photonics in a report on Monday, April 28th. CL King upgraded shares of IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 price target for the company in a research note on Tuesday, March 18th. Citigroup reduced their price objective on shares of IPG Photonics from $62.00 to $60.00 and set a "sell" rating on the stock in a research note on Tuesday, February 18th. Finally, Needham & Company LLC reissued a "hold" rating on shares of IPG Photonics in a research report on Wednesday, February 12th. One equities 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 issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $77.00.

IPG Photonics Trading Up 3.2 %

IPGP traded up $2.00 on Friday, hitting $63.80. 197,104 shares of the company's stock were exchanged, compared to its average volume of 278,789. The stock has a fifty day moving average of $59.16 and a two-hundred day moving average of $69.05. IPG Photonics Co. has a twelve month low of $48.59 and a twelve month high of $92.21. The firm has a market cap of $2.73 billion, a PE ratio of -15.26 and a beta of 0.97.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last announced its quarterly 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%. On average, analysts predict that IPG Photonics Co. will post 1.54 EPS for the current year.

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.