GAMMA Investing LLC Has $817,000 Position in IPG Photonics Corporation (NASDAQ:IPGP)

GAMMA Investing LLC grew its position in IPG Photonics Corporation (NASDAQ:IPGP - Free Report) by 7,604.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 12,944 shares of the semiconductor company's stock after purchasing an additional 12,776 shares during the period. GAMMA Investing LLC's holdings in IPG Photonics were worth $817,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Venturi Wealth Management LLC increased its position in shares of IPG Photonics by 355.7% during the fourth quarter. Venturi Wealth Management LLC now owns 1,048 shares of the semiconductor company's stock worth $76,000 after acquiring an additional 818 shares in the last quarter. SRS Capital Advisors Inc. boosted its holdings in shares of IPG Photonics by 463.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,065 shares of the semiconductor company's stock worth $77,000 after buying an additional 876 shares during the period. Headlands Technologies LLC acquired a new stake in IPG Photonics in the 4th quarter worth about $87,000. Versant Capital Management Inc raised its stake in IPG Photonics by 90.7% in the 1st quarter. Versant Capital Management Inc now owns 1,819 shares of the semiconductor company's stock worth $115,000 after purchasing an additional 865 shares in the last quarter. Finally, Sterling Capital Management LLC raised its position in shares of IPG Photonics by 52.8% in the 4th quarter. Sterling Capital Management LLC now owns 1,656 shares of the semiconductor company's stock valued at $120,000 after buying an additional 572 shares in the last quarter. 93.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages recently issued reports on IPGP. 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 report on Wednesday, May 7th. Citigroup reduced their target price on shares of IPG Photonics from $62.00 to $60.00 and set a "sell" rating on the stock in a report on Tuesday, February 18th. CL King raised shares of IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 price objective on the stock in a research note on Tuesday, March 18th. Stifel Nicolaus set a $72.00 target price on shares of IPG Photonics in a research report on Monday, April 28th. Finally, Wall Street Zen upgraded shares of IPG Photonics from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, IPG Photonics currently has a consensus rating of "Hold" and a consensus price target of $69.50.

IPG Photonics Stock Performance

IPGP opened at $66.81 on Wednesday. The firm has a market cap of $2.84 billion, a P/E ratio of -14.49, a PEG ratio of 10.97 and a beta of 0.90. The firm has a 50-day moving average of $62.14 and a 200 day moving average of $66.28. IPG Photonics Corporation has a fifty-two week low of $48.59 and a fifty-two week high of $92.21.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last issued its earnings results 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. The firm had revenue of $227.79 million during the quarter, compared to analyst estimates of $227.00 million. IPG Photonics had a negative net margin of 21.18% and a positive return on equity of 2.56%. The company's quarterly revenue was down 9.6% on a year-over-year basis. During the same quarter last year, the business earned $0.52 earnings per share. Equities research analysts predict that IPG Photonics Corporation will post 1.54 earnings per share for the current fiscal year.

IPG Photonics Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.98%.

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.

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