Twinbeech Capital LP Buys 22,411 Shares of IPG Photonics Co. (NASDAQ:IPGP)

Twinbeech Capital LP boosted its stake in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 177.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 35,064 shares of the semiconductor company's stock after buying an additional 22,411 shares during the period. Twinbeech Capital LP owned approximately 0.08% of IPG Photonics worth $2,550,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IPGP. Pacific Heights Asset Management LLC increased its position in IPG Photonics by 375.0% during 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 buying an additional 240,000 shares in the last quarter. Dimensional Fund Advisors LP increased its position in 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 valued at $98,335,000 after buying an additional 173,584 shares in the last quarter. Retirement Systems of Alabama increased its position in IPG Photonics by 437.2% during the 4th quarter. Retirement Systems of Alabama now owns 178,925 shares of the semiconductor company's stock valued at $13,011,000 after buying an additional 145,616 shares in the last quarter. Raymond James Financial Inc. bought a new position in IPG Photonics during the 4th quarter valued at approximately $8,815,000. Finally, Ameriprise Financial Inc. increased 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 valued at $21,732,000 after buying an additional 117,846 shares in the last quarter. Institutional investors own 93.79% of the company's stock.

Analyst Ratings Changes

IPGP has been the topic of several recent analyst reports. CL King upgraded IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 target price on the stock in a research note on Tuesday, March 18th. StockNews.com upgraded IPG Photonics from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. Raymond James cut their target price 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. Needham & Company LLC reiterated a "hold" rating on shares of IPG Photonics in a research note on Wednesday, February 12th. Finally, Citigroup cut their target price on IPG Photonics from $62.00 to $60.00 and set a "sell" rating on the stock in a research note on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $69.50.

IPG Photonics Price Performance

IPGP stock opened at $66.49 on Wednesday. The company has a market cap of $2.83 billion, a P/E ratio of -15.91 and a beta of 0.92. IPG Photonics Co. has a 1 year low of $48.59 and a 1 year high of $92.21. The stock's fifty day moving average price is $59.79 and its 200-day moving average price is $67.81.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.21 by $0.10. The firm had revenue of $227.79 million for the quarter, compared to the consensus estimate of $227.00 million. IPG Photonics had a positive return on equity of 2.98% and a negative net margin of 18.58%. The company's revenue for the quarter was down 9.6% on a year-over-year basis. During the same period last year, the business posted $0.52 EPS. As a group, analysts expect that IPG Photonics Co. will post 1.54 earnings per share for the current 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.

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