Systematic Financial Management LP boosted its position in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 3.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 127,822 shares of the semiconductor company's stock after purchasing an additional 3,920 shares during the quarter. Systematic Financial Management LP owned about 0.30% of IPG Photonics worth $9,295,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds also recently made changes to their positions in IPGP. Pacific Heights Asset Management LLC lifted its stake in IPG Photonics by 375.0% in the 4th quarter. Pacific Heights Asset Management LLC now owns 304,000 shares of the semiconductor company's stock valued at $22,107,000 after acquiring an additional 240,000 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in IPG Photonics by 14.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,352,246 shares of the semiconductor company's stock valued at $98,335,000 after acquiring an additional 173,584 shares during the period. Retirement Systems of Alabama grew 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 valued at $13,011,000 after acquiring an additional 145,616 shares in the last quarter. Raymond James Financial Inc. acquired a new position in IPG Photonics in the 4th quarter valued at $8,815,000. Finally, Ameriprise Financial Inc. boosted its position in IPG Photonics by 65.1% during the 4th quarter. Ameriprise Financial Inc. now owns 298,845 shares of the semiconductor company's stock worth $21,732,000 after buying an additional 117,846 shares during the period. Institutional investors own 93.79% of the company's stock.
IPG Photonics Price Performance
Shares of NASDAQ:IPGP traded down $1.53 during trading on Friday, hitting $63.96. The company's stock had a trading volume of 51,038 shares, compared to its average volume of 288,775. The firm has a market cap of $2.72 billion, a price-to-earnings ratio of -15.27 and a beta of 0.92. IPG Photonics Co. has a 12 month low of $48.59 and a 12 month high of $92.21. The company has a 50-day moving average of $59.90 and a 200-day moving average of $67.69.
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 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 firm had revenue of $227.79 million during the quarter, compared to analyst estimates of $227.00 million. During the same quarter last year, the business posted $0.52 earnings per share. The business's quarterly revenue was down 9.6% compared to the same quarter last year. As a group, research analysts anticipate that IPG Photonics Co. will post 1.54 earnings per share for the current year.
IPG Photonics Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a yield of 2.06%.
Wall Street Analyst Weigh In
IPGP has been the topic of several recent research reports. Stifel Nicolaus set a $72.00 price target on IPG Photonics in a report on Monday, April 28th. CL King upgraded IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 price objective on the stock in a research note on Tuesday, March 18th. Raymond James decreased 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 report on Wednesday, May 7th. Wall Street Zen raised shares of IPG Photonics from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Finally, Citigroup lowered their price target on IPG Photonics from $62.00 to $60.00 and set a "sell" rating on the stock in a research report on Tuesday, February 18th. One equities 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 stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $69.50.
Check Out Our Latest Stock Report on IPGP
IPG Photonics Profile
(
Free Report)
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.
Further Reading
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