Twinbeech Capital LP Grows Stock Position in IPG Photonics Co. (NASDAQ:IPGP)

Twinbeech Capital LP lifted its position in IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 177.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,064 shares of the semiconductor company's stock after acquiring an additional 22,411 shares during the quarter. Twinbeech Capital LP owned 0.08% of IPG Photonics worth $2,550,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of IPGP. Beaumont Financial Advisors LLC lifted its stake in shares of IPG Photonics by 4.2% during the 4th quarter. Beaumont Financial Advisors LLC now owns 3,414 shares of the semiconductor company's stock worth $248,000 after purchasing an additional 139 shares during the last quarter. Cerity Partners LLC grew its position in shares of IPG Photonics by 5.7% in the 4th quarter. Cerity Partners LLC now owns 3,030 shares of the semiconductor company's stock worth $222,000 after buying an additional 163 shares during the last quarter. Waterfront Wealth Inc. raised its stake in shares of IPG Photonics by 1.6% during the 4th quarter. Waterfront Wealth Inc. now owns 12,310 shares of the semiconductor company's stock worth $895,000 after acquiring an additional 190 shares in the last quarter. Xponance Inc. boosted its stake in IPG Photonics by 7.6% in the fourth quarter. Xponance Inc. now owns 3,201 shares of the semiconductor company's stock valued at $233,000 after acquiring an additional 226 shares in the last quarter. Finally, Calamos Wealth Management LLC grew its holdings in IPG Photonics by 4.0% in the fourth quarter. Calamos Wealth Management LLC now owns 6,237 shares of the semiconductor company's stock worth $454,000 after purchasing an additional 237 shares during the last quarter. Hedge funds and other institutional investors own 93.79% of the company's stock.

IPG Photonics Price Performance

IPGP stock traded down $0.89 during trading on Monday, hitting $64.60. 318,454 shares of the company traded hands, compared to its average volume of 290,848. The company has a market cap of $2.75 billion, a PE ratio of -15.45 and a beta of 0.92. The stock's 50-day simple moving average is $59.87 and its 200 day simple moving average is $67.32. IPG Photonics Co. has a 1 year low of $48.59 and a 1 year high of $92.21.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last issued 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 company 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%. IPG Photonics's revenue for the quarter was down 9.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.52 earnings per share. Research analysts expect that IPG Photonics Co. will post 1.54 earnings per share for the current year.

IPG Photonics Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a $0.33 dividend. This represents a $1.32 annualized dividend and a yield of 2.04%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Needham & Company LLC restated a "hold" rating on shares of IPG Photonics in a report on Wednesday, February 12th. CL King raised shares of IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 price target for the company in a report on Tuesday, March 18th. Wall Street Zen upgraded shares of IPG Photonics from a "sell" rating to a "hold" rating in a research note on Thursday, May 15th. 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 report on Tuesday, February 18th. Finally, Raymond James lowered their price target on IPG Photonics from $80.00 to $70.00 and set a "strong-buy" rating for the company in a research report on Wednesday, May 7th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $69.50.

IPG Photonics 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.