Wealth Enhancement Advisory Services LLC Has $794,000 Stake in IPG Photonics Corporation (NASDAQ:IPGP)

Wealth Enhancement Advisory Services LLC grew its holdings in shares of IPG Photonics Corporation (NASDAQ:IPGP - Free Report) by 194.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,568 shares of the semiconductor company's stock after acquiring an additional 8,294 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in IPG Photonics were worth $794,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Cerity Partners LLC boosted its position in shares of IPG Photonics by 5.7% during the 4th quarter. Cerity Partners LLC now owns 3,030 shares of the semiconductor company's stock valued at $222,000 after purchasing an additional 163 shares in the last quarter. Xponance Inc. increased its holdings in IPG Photonics by 7.6% in the fourth quarter. Xponance Inc. now owns 3,201 shares of the semiconductor company's stock worth $233,000 after purchasing an additional 226 shares in the last quarter. UMB Bank n.a. lifted its stake in IPG Photonics by 107.5% in the first quarter. UMB Bank n.a. now owns 635 shares of the semiconductor company's stock valued at $40,000 after buying an additional 329 shares during the period. Bank of Montreal Can boosted its holdings in shares of IPG Photonics by 11.6% during the 4th quarter. Bank of Montreal Can now owns 3,219 shares of the semiconductor company's stock worth $234,000 after buying an additional 335 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board boosted its holdings in shares of IPG Photonics by 7.9% during the 4th quarter. Ontario Teachers Pension Plan Board now owns 6,824 shares of the semiconductor company's stock worth $496,000 after buying an additional 502 shares in the last quarter. 93.79% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. CL King upgraded shares of IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 price objective for the company in a research note on Tuesday, March 18th. Wall Street Zen raised IPG Photonics from a "sell" rating to a "hold" rating in a research report on Thursday, May 15th. Raymond James Financial dropped 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. Finally, Stifel Nicolaus set a $72.00 price objective on IPG Photonics in a research note on Monday, April 28th. 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 issued 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 Trading Up 3.3%

IPG Photonics stock opened at $73.38 on Thursday. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of -15.92, a price-to-earnings-growth ratio of 11.45 and a beta of 0.90. The firm's fifty day moving average price is $65.39 and its two-hundred day moving average price is $65.65. IPG Photonics Corporation 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 data on Tuesday, May 6th. The semiconductor company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.21 by $0.10. IPG Photonics had a positive return on equity of 2.56% and a negative net margin of 21.18%. The firm had revenue of $227.79 million during the quarter, compared to the consensus estimate of $227.00 million. During the same period in the prior year, the business posted $0.52 earnings per share. The company's quarterly revenue was down 9.6% compared to the same quarter last year. On average, research analysts forecast 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. Stockholders of record on Monday, June 2nd were issued a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 1.80%.

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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