Systematic Financial Management LP Acquires 3,920 Shares of IPG Photonics Co. (NASDAQ:IPGP)

Systematic Financial Management LP raised its stake in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 3.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 127,822 shares of the semiconductor company's stock after acquiring an additional 3,920 shares during the period. Systematic Financial Management LP owned approximately 0.30% of IPG Photonics worth $9,295,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in IPGP. Barclays PLC boosted its holdings in 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 purchasing an additional 11,562 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of IPG Photonics by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 369,620 shares of the semiconductor company's stock valued at $26,879,000 after buying an additional 19,307 shares during the period. Fisher Asset Management LLC boosted its stake in shares of IPG Photonics by 30.1% in the 4th quarter. Fisher Asset Management LLC now owns 249,830 shares of the semiconductor company's stock worth $18,168,000 after buying an additional 57,780 shares during the last quarter. Pacific Heights Asset Management LLC grew its holdings in shares of IPG Photonics by 375.0% in the fourth quarter. Pacific Heights Asset Management LLC now owns 304,000 shares of the semiconductor company's stock worth $22,107,000 after acquiring an additional 240,000 shares during the period. Finally, American Century Companies Inc. increased its position in IPG Photonics by 1,076.7% during the fourth quarter. American Century Companies Inc. now owns 93,866 shares of the semiconductor company's stock valued at $6,826,000 after acquiring an additional 85,889 shares during the last quarter. 93.79% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Needham & Company LLC restated a "hold" rating on shares of IPG Photonics in a research note on Wednesday, February 12th. Stifel Nicolaus set a $72.00 price objective on IPG Photonics in a research note on Monday, April 28th. StockNews.com raised IPG Photonics from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Raymond James cut their price target on IPG Photonics from $80.00 to $70.00 and set a "strong-buy" rating for the company in a report on Wednesday, May 7th. Finally, CL King upgraded 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $69.50.

IPG Photonics Price Performance

Shares of NASDAQ IPGP traded down $1.04 during mid-day trading on Wednesday, reaching $65.45. The company's stock had a trading volume of 525,725 shares, compared to its average volume of 288,879. IPG Photonics Co. has a 52 week low of $48.59 and a 52 week high of $92.21. The stock has a fifty day moving average of $59.79 and a two-hundred day moving average of $67.81. The firm has a market capitalization of $2.78 billion, a PE ratio of -15.66 and a beta of 0.92.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last posted its earnings results on Tuesday, May 6th. The semiconductor company reported $0.31 earnings per share for the quarter, beating the consensus estimate 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 18.58% and a positive return on equity of 2.98%. IPG Photonics's quarterly revenue was down 9.6% on a year-over-year basis. During the same period last year, the company posted $0.52 earnings per share. Analysts anticipate that IPG Photonics Co. will post 1.54 EPS for the current fiscal year.

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.