Point72 Asset Management L.P. Takes Position in IPG Photonics Co. (NASDAQ:IPGP)

Point72 Asset Management L.P. bought a new position in IPG Photonics Co. (NASDAQ:IPGP - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 4,100 shares of the semiconductor company's stock, valued at approximately $298,000.

A number of other institutional investors also recently modified their holdings of IPGP. Barclays PLC raised its stake in shares of IPG Photonics by 42.5% in the third quarter. Barclays PLC now owns 38,787 shares of the semiconductor company's stock worth $2,883,000 after acquiring an additional 11,562 shares during the last quarter. Beaumont Financial Advisors LLC raised its stake in shares of IPG Photonics by 4.2% in the fourth quarter. Beaumont Financial Advisors LLC now owns 3,414 shares of the semiconductor company's stock worth $248,000 after acquiring an additional 139 shares during the last quarter. KBC Group NV raised its stake in shares of IPG Photonics by 48.5% in the fourth quarter. KBC Group NV now owns 1,613 shares of the semiconductor company's stock worth $117,000 after acquiring an additional 527 shares during the last quarter. Calamos Wealth Management LLC raised its stake in shares of IPG Photonics by 4.0% in the fourth quarter. Calamos Wealth Management LLC now owns 6,237 shares of the semiconductor company's stock worth $454,000 after acquiring an additional 237 shares during the last quarter. Finally, Retirement Systems of Alabama raised its stake in shares of IPG Photonics by 437.2% in the fourth quarter. Retirement Systems of Alabama now owns 178,925 shares of the semiconductor company's stock worth $13,011,000 after acquiring an additional 145,616 shares during the last quarter. 93.79% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. CL King upgraded shares of IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 price target for the company in a research report on Tuesday, March 18th. Needham & Company LLC reiterated a "hold" rating on shares of IPG Photonics in a research report on Wednesday, February 12th. Citigroup lowered their price target on shares of IPG Photonics from $62.00 to $60.00 and set a "sell" rating for the company in a research report on Tuesday, February 18th. Stifel Nicolaus set a $72.00 price target 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 research report on Thursday, May 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $69.50.

IPG Photonics Stock Up 0.8%

NASDAQ IPGP traded up $0.54 during trading on Thursday, reaching $67.32. 93,339 shares of the stock traded hands, compared to its average volume of 289,791. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of -16.11 and a beta of 0.92. The stock's 50-day moving average price is $59.92 and its 200 day moving average price is $67.18. IPG Photonics Co. 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 quarterly earnings data 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. The firm had revenue of $227.79 million during the quarter, compared to analysts' expectations of $227.00 million. IPG Photonics had a negative net margin of 18.58% and a positive return on equity of 2.98%. The business's revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.52 earnings per share. Analysts anticipate that IPG Photonics Co. will post 1.54 EPS for the current fiscal year.

IPG Photonics Announces Dividend

The company also recently disclosed 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 1.96%.

IPG Photonics 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.