Cubist Systematic Strategies LLC Invests $4.15 Million in IPG Photonics Co. (NASDAQ:IPGP)

Cubist Systematic Strategies LLC acquired a new stake in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 57,094 shares of the semiconductor company's stock, valued at approximately $4,152,000. Cubist Systematic Strategies LLC owned 0.13% of IPG Photonics at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Pacific Heights Asset Management LLC grew its stake in shares of IPG Photonics by 375.0% in the 4th quarter. Pacific Heights Asset Management LLC now owns 304,000 shares of the semiconductor company's stock worth $22,107,000 after buying an additional 240,000 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in IPG Photonics by 14.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,352,246 shares of the semiconductor company's stock valued at $98,335,000 after purchasing an additional 173,584 shares during the last quarter. Retirement Systems of Alabama raised its position in IPG Photonics by 437.2% in the 4th quarter. Retirement Systems of Alabama now owns 178,925 shares of the semiconductor company's stock worth $13,011,000 after purchasing an additional 145,616 shares during the period. Raymond James Financial Inc. bought a new stake in IPG Photonics in the fourth quarter worth about $8,815,000. Finally, Ameriprise Financial Inc. boosted its position in shares of IPG Photonics by 65.1% during the fourth quarter. Ameriprise Financial Inc. now owns 298,845 shares of the semiconductor company's stock valued at $21,732,000 after buying an additional 117,846 shares during the period. 93.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus set a $72.00 price target on IPG Photonics in a research note on Monday, April 28th. Needham & Company LLC reaffirmed a "hold" rating on shares of IPG Photonics in a research report on Wednesday, February 12th. CL King upgraded shares of IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 price objective on the stock in a report on Tuesday, March 18th. StockNews.com downgraded shares of IPG Photonics from a "hold" rating to a "sell" rating in a research note on Wednesday, May 7th. Finally, Raymond James lowered their price target on IPG Photonics from $80.00 to $70.00 and set a "strong-buy" rating for the company in a research report on Wednesday, May 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, IPG Photonics has a consensus rating of "Hold" and a consensus target price of $69.50.

IPG Photonics Stock Up 1.2%

NASDAQ IPGP traded up $0.78 during trading hours on Tuesday, hitting $65.59. 228,630 shares of the company were exchanged, compared to its average volume of 286,401. The firm has a market cap of $2.79 billion, a price-to-earnings ratio of -15.69 and a beta of 0.92. The company has a 50 day moving average of $59.26 and a two-hundred day moving average of $68.38. IPG Photonics Co. has a 52-week low of $48.59 and a 52-week high of $92.21.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last released its quarterly earnings data on Tuesday, May 6th. The semiconductor company reported $0.31 earnings per share for the quarter, topping analysts' consensus estimates of $0.21 by $0.10. IPG Photonics had a negative net margin of 18.58% and a positive return on equity of 2.98%. The company had revenue of $227.79 million for the quarter, compared to analysts' expectations of $227.00 million. During the same quarter last year, the company earned $0.52 earnings per share. The firm's revenue for the quarter was down 9.6% on a year-over-year basis. On average, equities research analysts predict that IPG Photonics Co. will post 1.54 EPS for the current year.

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.