IPG Photonics Co. (NASDAQ:IPGP) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 10.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 86,725 shares of the semiconductor company's stock after acquiring an additional 8,041 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.20% of IPG Photonics worth $6,307,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Venturi Wealth Management LLC lifted its position in shares of IPG Photonics by 355.7% during the fourth quarter. Venturi Wealth Management LLC now owns 1,048 shares of the semiconductor company's stock worth $76,000 after purchasing an additional 818 shares in the last quarter. SRS Capital Advisors Inc. grew its holdings in IPG Photonics by 463.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,065 shares of the semiconductor company's stock valued at $77,000 after purchasing an additional 876 shares in the last quarter. Headlands Technologies LLC purchased a new stake in IPG Photonics during the 4th quarter worth $87,000. KBC Group NV lifted its holdings in IPG Photonics by 48.5% in the 4th quarter. KBC Group NV now owns 1,613 shares of the semiconductor company's stock worth $117,000 after buying an additional 527 shares in the last quarter. Finally, Sterling Capital Management LLC lifted its holdings in IPG Photonics by 52.8% in the 4th quarter. Sterling Capital Management LLC now owns 1,656 shares of the semiconductor company's stock worth $120,000 after buying an additional 572 shares in the last quarter. Hedge funds and other institutional investors own 93.79% of the company's stock.

IPG Photonics Trading Up 0.7%

NASDAQ IPGP traded up $0.50 on Friday, hitting $68.94. 284,008 shares of the stock traded hands, compared to its average volume of 294,468. The stock has a 50-day moving average of $60.24 and a 200 day moving average of $66.79. IPG Photonics Co. has a twelve month low of $48.59 and a twelve month high of $92.21. The company has a market capitalization of $2.93 billion, a P/E ratio of -16.49 and a beta of 0.90.

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 for the quarter, beating analysts' consensus estimates of $0.21 by $0.10. The business had revenue of $227.79 million during 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 business's quarterly revenue was down 9.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.52 EPS. As a group, equities research analysts expect that IPG Photonics Co. will post 1.54 earnings per share for the current year.

IPG Photonics Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders 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 1.91%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on IPGP shares. CL King upgraded IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 target price for the company in a research note on Tuesday, March 18th. Needham & Company LLC restated a "hold" rating on shares of IPG Photonics in a research note on Wednesday, February 12th. Wall Street Zen upgraded IPG Photonics from a "sell" rating to a "hold" rating in a report on Thursday, May 15th. Stifel Nicolaus set a $72.00 target price on IPG Photonics in a research note on Monday, April 28th. Finally, Citigroup decreased their price target on shares of IPG Photonics from $62.00 to $60.00 and set a "sell" rating for the company in a research report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $69.50.

About IPG Photonics

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.