Two Sigma Advisers LP Sells 10,200 Shares of IPG Photonics Co. (NASDAQ:IPGP)

Two Sigma Advisers LP lowered its position in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 30.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 23,400 shares of the semiconductor company's stock after selling 10,200 shares during the quarter. Two Sigma Advisers LP owned 0.05% of IPG Photonics worth $1,702,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Venturi Wealth Management LLC increased its position in shares of IPG Photonics by 355.7% in the 4th quarter. Venturi Wealth Management LLC now owns 1,048 shares of the semiconductor company's stock valued at $76,000 after buying an additional 818 shares in the last quarter. SRS Capital Advisors Inc. grew its stake in IPG Photonics by 463.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,065 shares of the semiconductor company's stock valued at $77,000 after acquiring an additional 876 shares during the period. Headlands Technologies LLC bought a new stake in shares of IPG Photonics in the fourth quarter worth about $87,000. KBC Group NV raised its position in shares of IPG Photonics by 48.5% during the fourth quarter. KBC Group NV now owns 1,613 shares of the semiconductor company's stock worth $117,000 after purchasing an additional 527 shares during the period. Finally, Sterling Capital Management LLC lifted its holdings in shares of IPG Photonics by 52.8% during the 4th quarter. Sterling Capital Management LLC now owns 1,656 shares of the semiconductor company's stock valued at $120,000 after purchasing an additional 572 shares in the last quarter. Institutional investors own 93.79% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Stifel Nicolaus set a $72.00 target price on 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 report on Thursday, May 15th. Citigroup dropped their price objective 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. Needham & Company LLC reaffirmed a "hold" rating on shares of IPG Photonics in a research note on Wednesday, February 12th. Finally, CL King raised IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 price target on the stock in a research note on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $69.50.

IPG Photonics Stock Performance

IPG Photonics stock traded down $1.42 during mid-day trading on Friday, reaching $65.62. The company's stock had a trading volume of 556,723 shares, compared to its average volume of 293,088. IPG Photonics Co. has a 12 month low of $48.59 and a 12 month high of $92.21. The business's 50 day simple moving average is $59.90 and its 200 day simple moving average is $66.93. The company has a market capitalization of $2.79 billion, a price-to-earnings ratio of -15.70 and a beta of 0.92.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last released its earnings results on Tuesday, May 6th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.21 by $0.10. IPG Photonics had a positive return on equity of 2.98% and a negative net margin of 18.58%. The business had revenue of $227.79 million for the quarter, compared to the consensus estimate of $227.00 million. During the same quarter in the previous year, the business earned $0.52 earnings per share. IPG Photonics's quarterly revenue was down 9.6% on a year-over-year basis. As a group, sell-side analysts expect that IPG Photonics Co. will post 1.54 EPS for the current year.

IPG Photonics Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.01%.

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.