IPG Photonics Corporation (NASDAQ:IPGP) Shares Purchased by Royce & Associates LP

Key Points

• Royce & Associates LP increased its stake in IPG Photonics by 2.3%, now holding 197,160 shares valued at approximately $12.45 million as of the latest SEC filing.
• Several other institutional investors also boosted their positions in IPG Photonics, with a significant increase from Allianz Asset Management of 33.3% in the first quarter.
• IPG Photonics reported earnings of $0.31 per share, exceeding estimates, despite a 9.6% year-over-year revenue decline.

Royce & Associates LP lifted its position in IPG Photonics Corporation (NASDAQ:IPGP - Free Report) by 2.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 197,160 shares of the semiconductor company's stock after buying an additional 4,420 shares during the period. Royce & Associates LP owned about 0.46% of IPG Photonics worth $12,449,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake 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 purchasing an additional 173,584 shares in the last quarter. Ameriprise Financial Inc. lifted its position in IPG Photonics by 65.1% during the fourth quarter. Ameriprise Financial Inc. now owns 298,845 shares of the semiconductor company's stock valued at $21,732,000 after purchasing an additional 117,846 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of IPG Photonics by 35.1% in the 4th quarter. First Trust Advisors LP now owns 343,208 shares of the semiconductor company's stock worth $24,958,000 after acquiring an additional 89,237 shares during the last quarter. American Century Companies Inc. lifted its holdings in shares of IPG Photonics by 1,076.7% in the 4th quarter. American Century Companies Inc. now owns 93,866 shares of the semiconductor company's stock worth $6,826,000 after acquiring an additional 85,889 shares during the last quarter. Finally, Sora Investors LLC lifted its holdings in shares of IPG Photonics by 94.8% in the 4th quarter. Sora Investors LLC now owns 165,611 shares of the semiconductor company's stock worth $12,043,000 after acquiring an additional 80,611 shares during the last quarter. Institutional investors own 93.79% of the company's stock.

IPG Photonics Price Performance

NASDAQ IPGP traded down $0.92 during trading on Tuesday, reaching $78.70. 31,589 shares of the company's stock traded hands, compared to its average volume of 305,249. The firm has a market cap of $3.35 billion, a price-to-earnings ratio of -17.07, a price-to-earnings-growth ratio of 12.57 and a beta of 0.90. The company's 50 day simple moving average is $70.14 and its two-hundred day simple moving average is $65.57. IPG Photonics Corporation has a 12-month low of $48.59 and a 12-month high of $88.50.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last released its 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. The company 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 21.18% and a positive return on equity of 2.56%. IPG Photonics's revenue for the quarter was down 9.6% on a year-over-year basis. During the same period last year, the business earned $0.52 EPS. Research analysts expect that IPG Photonics Corporation will post 1.54 earnings per share for the current fiscal year.

IPG Photonics Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 1.68%.

Analyst Upgrades and Downgrades

Several research firms recently commented on IPGP. Wall Street Zen raised shares of IPG Photonics from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Stifel Nicolaus set a $72.00 price target on shares of IPG Photonics in a research note on Monday, April 28th. Finally, Raymond James Financial reduced 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 assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $69.50.

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.