Cwm LLC Increases Holdings in IPG Photonics Corporation (NASDAQ:IPGP)

CWM LLC lifted its position in shares of IPG Photonics Corporation (NASDAQ:IPGP - Free Report) by 495.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 15,258 shares of the semiconductor company's stock after acquiring an additional 12,694 shares during the quarter. CWM LLC's holdings in IPG Photonics were worth $963,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in IPG Photonics by 14.7% in 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 buying an additional 173,584 shares in the last quarter. Lazard Asset Management LLC lifted its stake in IPG Photonics by 0.9% in the 4th quarter. Lazard Asset Management LLC now owns 1,069,193 shares of the semiconductor company's stock valued at $77,751,000 after buying an additional 9,852 shares in the last quarter. First Trust Advisors LP lifted its stake in IPG Photonics by 35.1% in the 4th quarter. First Trust Advisors LP now owns 343,208 shares of the semiconductor company's stock valued at $24,958,000 after buying an additional 89,237 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in IPG Photonics by 65.1% in the 4th 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 in the last quarter. Finally, Exchange Traded Concepts LLC lifted its stake in IPG Photonics by 19.6% in the 1st quarter. Exchange Traded Concepts LLC now owns 272,454 shares of the semiconductor company's stock valued at $17,203,000 after buying an additional 44,712 shares in the last quarter. 93.79% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on IPGP shares. Stifel Nicolaus set a $72.00 price target on shares of IPG Photonics in a research note on Monday, April 28th. Wall Street Zen raised shares of IPG Photonics from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Finally, Raymond James Financial decreased their target price on shares of IPG Photonics from $80.00 to $70.00 and set a "strong-buy" rating on the stock in a research note on Wednesday, May 7th. 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 assigned a strong buy rating to the company's stock. According to MarketBeat.com, IPG Photonics has an average rating of "Hold" and an average target price of $69.50.

IPG Photonics Price Performance

Shares of NASDAQ:IPGP traded up $2.43 on Friday, reaching $78.03. The company's stock had a trading volume of 234,415 shares, compared to its average volume of 189,929. The stock's 50-day moving average is $69.85 and its two-hundred day moving average is $65.63. IPG Photonics Corporation has a 52-week low of $48.59 and a 52-week high of $88.78. The stock has a market capitalization of $3.32 billion, a P/E ratio of -16.93, a PEG ratio of 12.18 and a beta of 0.90.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.21 by $0.10. IPG Photonics had a negative net margin of 21.18% and a positive return on equity of 2.56%. The firm had revenue of $227.79 million during the quarter, compared to analysts' expectations of $227.00 million. During the same period in the prior year, the company posted $0.52 earnings per share. The firm's revenue for the quarter was down 9.6% on a year-over-year basis. Equities analysts forecast that IPG Photonics Corporation will post 1.54 earnings per share for the current fiscal year.

IPG Photonics Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.69%.

About IPG Photonics

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.