Teacher Retirement System of Texas bought a new position in shares of IPG Photonics Corporation (NASDAQ:IPGP - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,820 shares of the semiconductor company's stock, valued at approximately $241,000.
Several other large investors have also recently added to or reduced their stakes in IPGP. Dimensional Fund Advisors LP increased its holdings in shares of IPG Photonics by 14.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,352,246 shares of the semiconductor company's stock worth $98,335,000 after acquiring an additional 173,584 shares during the last quarter. Lazard Asset Management LLC grew its stake in IPG Photonics by 0.9% in the fourth quarter. Lazard Asset Management LLC now owns 1,069,193 shares of the semiconductor company's stock valued at $77,751,000 after acquiring an additional 9,852 shares during the period. First Trust Advisors LP lifted its holdings in IPG Photonics by 35.1% during the fourth 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 period. Ameriprise Financial Inc. grew its position in shares of IPG Photonics by 65.1% in 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 in the last quarter. Finally, Exchange Traded Concepts LLC grew its position in IPG Photonics by 19.6% during the first quarter. Exchange Traded Concepts LLC now owns 272,454 shares of the semiconductor company's stock worth $17,203,000 after buying an additional 44,712 shares in the last quarter. Institutional investors and hedge funds own 93.79% of the company's stock.
IPG Photonics Stock Up 0.3%
Shares of IPGP stock traded up $0.19 during trading on Friday, reaching $74.63. The company's stock had a trading volume of 183,695 shares, compared to its average volume of 290,870. The company has a market cap of $3.17 billion, a price-to-earnings ratio of -16.19, a price-to-earnings-growth ratio of 12.02 and a beta of 0.90. The business has a fifty day moving average price of $68.80 and a 200-day moving average price of $65.50. IPG Photonics Corporation has a one year low of $48.59 and a one year high of $90.53.
IPG Photonics (NASDAQ:IPGP - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.21 by $0.10. IPG Photonics had a negative net margin of 21.18% and a positive return on equity of 2.56%. The business had revenue of $227.79 million during the quarter, compared to the consensus estimate of $227.00 million. During the same quarter last year, the firm posted $0.52 EPS. IPG Photonics's revenue was down 9.6% compared to the same quarter last year. Research analysts anticipate that IPG Photonics Corporation will post 1.54 EPS for the current year.
IPG Photonics Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.77%.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on IPGP. Wall Street Zen upgraded IPG Photonics from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Raymond James Financial decreased their price target on IPG Photonics from $80.00 to $70.00 and set a "strong-buy" rating on the stock in a report on Wednesday, May 7th. Finally, Stifel Nicolaus set a $72.00 target price on IPG Photonics in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating, four have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $69.50.
Read 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.
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