GAMMA Investing LLC Raises Position in IPG Photonics Corporation (NASDAQ:IPGP)

GAMMA Investing LLC raised its stake in IPG Photonics Corporation (NASDAQ:IPGP - Free Report) by 7,604.8% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,944 shares of the semiconductor company's stock after buying an additional 12,776 shares during the period. GAMMA Investing LLC's holdings in IPG Photonics were worth $817,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the stock. Versant Capital Management Inc grew its position in shares of IPG Photonics by 90.7% in the 1st quarter. Versant Capital Management Inc now owns 1,819 shares of the semiconductor company's stock valued at $115,000 after buying an additional 865 shares during the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of IPG Photonics by 4.8% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 4,274 shares of the semiconductor company's stock valued at $311,000 after purchasing an additional 194 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of IPG Photonics by 10.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 86,725 shares of the semiconductor company's stock valued at $6,307,000 after purchasing an additional 8,041 shares in the last quarter. Twinbeech Capital LP boosted its position in shares of IPG Photonics by 177.1% during the 4th quarter. Twinbeech Capital LP now owns 35,064 shares of the semiconductor company's stock valued at $2,550,000 after purchasing an additional 22,411 shares in the last quarter. Finally, Tidal Investments LLC boosted its position in shares of IPG Photonics by 53.9% during the 4th quarter. Tidal Investments LLC now owns 14,765 shares of the semiconductor company's stock valued at $1,074,000 after purchasing an additional 5,173 shares in the last quarter. Institutional investors own 93.79% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on IPGP shares. Raymond James Financial cut their target price on IPG Photonics from $80.00 to $70.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, May 7th. Wall Street Zen upgraded IPG Photonics from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. CL King upgraded IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 target price on the stock in a research report on Tuesday, March 18th. Finally, Stifel Nicolaus set a $72.00 target price on IPG Photonics in a research report on Monday, April 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, IPG Photonics currently has a consensus rating of "Hold" and a consensus price target of $69.50.

IPG Photonics Trading Down 1.1%

IPGP stock traded down $0.73 during trading on Friday, reaching $66.01. 673,291 shares of the stock were exchanged, compared to its average volume of 293,008. The firm's 50 day moving average is $62.85 and its 200 day moving average is $66.05. IPG Photonics Corporation has a twelve month low of $48.59 and a twelve month high of $92.21. The firm has a market cap of $2.81 billion, a P/E ratio of -14.32, a price-to-earnings-growth ratio of 10.64 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 for the quarter, topping analysts' consensus estimates of $0.21 by $0.10. IPG Photonics had a positive return on equity of 2.56% and a negative net margin of 21.18%. The business had revenue of $227.79 million for the quarter, compared to the consensus estimate of $227.00 million. During the same period in the prior year, the business earned $0.52 EPS. The firm's revenue for the quarter was down 9.6% on a year-over-year basis. As a group, analysts predict that IPG Photonics Corporation will post 1.54 earnings per share for the current fiscal year.

IPG Photonics Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, June 16th. Investors of record on Monday, June 2nd were paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.00%.

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.