Tidal Investments LLC Raises Position in IPG Photonics Co. (NASDAQ:IPGP)

Tidal Investments LLC raised its position in IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 53.9% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 14,765 shares of the semiconductor company's stock after acquiring an additional 5,173 shares during the period. Tidal Investments LLC's holdings in IPG Photonics were worth $1,074,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in IPGP. Venturi Wealth Management LLC boosted its holdings in IPG Photonics by 355.7% in the 4th quarter. Venturi Wealth Management LLC now owns 1,048 shares of the semiconductor company's stock valued at $76,000 after purchasing an additional 818 shares in the last quarter. SRS Capital Advisors Inc. lifted its holdings in shares of IPG Photonics by 463.5% in the 4th quarter. SRS Capital Advisors Inc. now owns 1,065 shares of the semiconductor company's stock valued at $77,000 after buying an additional 876 shares during the period. Headlands Technologies LLC purchased a new stake in shares of IPG Photonics in the fourth quarter valued at approximately $87,000. KBC Group NV boosted 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 valued at $117,000 after buying an additional 527 shares in the last quarter. Finally, Sterling Capital Management LLC grew its holdings in IPG Photonics by 52.8% during the fourth quarter. Sterling Capital Management LLC now owns 1,656 shares of the semiconductor company's stock worth $120,000 after acquiring an additional 572 shares during the period. 93.79% of the stock is currently owned by institutional investors and hedge funds.

IPG Photonics Price Performance

IPGP traded down $1.37 during midday trading on Friday, reaching $65.67. 63,404 shares of the company's stock were exchanged, compared to its average volume of 290,299. IPG Photonics Co. has a 1-year low of $48.59 and a 1-year high of $92.21. The business's 50-day moving average price is $59.91 and its 200 day moving average price is $67.08. The stock has a market capitalization of $2.79 billion, a PE ratio of -15.75 and a beta of 0.92.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last released its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported $0.31 earnings per share 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 positive return on equity of 2.98% and a negative net margin of 18.58%. The business's revenue for the quarter was down 9.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 earnings per share. As a group, analysts expect that IPG Photonics Co. will post 1.54 EPS for the current fiscal year.

IPG Photonics Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders 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 dividend yield of 2.01%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on IPGP. Citigroup decreased their target price on shares of IPG Photonics from $62.00 to $60.00 and set a "sell" rating on the stock in a research report on Tuesday, February 18th. Needham & Company LLC reissued a "hold" rating on shares of IPG Photonics in a report on Wednesday, February 12th. Wall Street Zen upgraded shares of IPG Photonics from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Stifel Nicolaus set a $72.00 price target on shares of IPG Photonics in a research report on Monday, April 28th. Finally, Raymond James decreased their price target on 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 investment analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, IPG Photonics has an average rating of "Hold" and a consensus 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.