IPG Photonics Corporation (NASDAQ:IPGP) Shares Bought by Cwm LLC

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

Other hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of IPG Photonics by 14.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,352,246 shares of the semiconductor company's stock worth $98,335,000 after buying an additional 173,584 shares during the last quarter. Lazard Asset Management LLC increased its stake in shares of IPG Photonics by 0.9% in the fourth quarter. Lazard Asset Management LLC now owns 1,069,193 shares of the semiconductor company's stock worth $77,751,000 after purchasing an additional 9,852 shares in the last quarter. First Trust Advisors LP lifted its stake in shares of IPG Photonics by 35.1% during 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. boosted its holdings in IPG Photonics by 65.1% in the 4th quarter. Ameriprise Financial Inc. now owns 298,845 shares of the semiconductor company's stock worth $21,732,000 after buying an additional 117,846 shares during the period. Finally, Exchange Traded Concepts LLC increased 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 worth $17,203,000 after buying an additional 44,712 shares in the last quarter. Hedge funds and other institutional investors own 93.79% of the company's stock.

Wall Street Analysts Forecast Growth

IPGP has been the subject of several research analyst reports. Wall Street Zen upgraded IPG Photonics from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Stifel Nicolaus set a $72.00 target price on shares of IPG Photonics in a research report on Monday, April 28th. Finally, Raymond James Financial decreased their price target 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 equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $69.50.

IPG Photonics Price Performance

Shares of NASDAQ:IPGP traded down $1.08 during trading hours on Thursday, hitting $75.80. 61,137 shares of the company's stock traded hands, compared to its average volume of 307,509. The business has a fifty day moving average price of $69.42 and a 200-day moving average price of $65.61. The firm has a market capitalization of $3.22 billion, a P/E ratio of -16.45, a price-to-earnings-growth ratio of 12.16 and a beta of 0.90. IPG Photonics Corporation has a 1 year low of $48.59 and a 1 year high of $88.78.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported $0.31 EPS for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $227.00 million. During the same period in the prior year, the business posted $0.52 earnings per share. The business's revenue for the quarter was down 9.6% on a year-over-year basis. As a group, equities analysts predict that IPG Photonics Corporation will post 1.54 earnings per share for the current year.

IPG Photonics Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 1.74%.

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.