Gotham Asset Management LLC Boosts Stock Position in IPG Photonics Co. (NASDAQ:IPGP)

Gotham Asset Management LLC grew its stake in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 105.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 36,425 shares of the semiconductor company's stock after acquiring an additional 18,730 shares during the quarter. Gotham Asset Management LLC owned about 0.08% of IPG Photonics worth $2,649,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the business. Venturi Wealth Management LLC boosted its position in IPG Photonics by 355.7% in 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 during the last quarter. SRS Capital Advisors Inc. boosted its position in IPG Photonics by 463.5% in the fourth quarter. SRS Capital Advisors Inc. now owns 1,065 shares of the semiconductor company's stock worth $77,000 after purchasing an additional 876 shares during the last quarter. Headlands Technologies LLC purchased a new position in IPG Photonics in the fourth quarter worth about $87,000. KBC Group NV boosted its position in IPG Photonics by 48.5% in the fourth quarter. KBC Group NV now owns 1,613 shares of the semiconductor company's stock worth $117,000 after purchasing an additional 527 shares during the last quarter. Finally, Sterling Capital Management LLC boosted its position in IPG Photonics by 52.8% in the fourth quarter. Sterling Capital Management LLC now owns 1,656 shares of the semiconductor company's stock worth $120,000 after purchasing an additional 572 shares during the last quarter. 93.79% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

IPGP has been the topic of several research reports. StockNews.com raised IPG Photonics from a "sell" rating to a "hold" rating in a research report on Thursday. CL King raised IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 target price on the stock in a research report on Tuesday, March 18th. Raymond James dropped their target price on IPG Photonics from $80.00 to $70.00 and set a "strong-buy" rating on the stock in a research report on Wednesday, May 7th. Citigroup dropped 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, Needham & Company LLC reaffirmed a "hold" rating on shares of IPG Photonics in a research report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, IPG Photonics has an average rating of "Hold" and an average price target of $69.50.

IPG Photonics Trading Down 1.5%

Shares of IPG Photonics stock traded down $0.98 during trading on Monday, hitting $65.51. 285,728 shares of the stock traded hands, compared to its average volume of 287,313. The firm has a market cap of $2.79 billion, a P/E ratio of -15.67 and a beta of 0.92. IPG Photonics Co. has a 52-week low of $48.59 and a 52-week high of $92.21. The stock's fifty day simple moving average is $59.54 and its 200 day simple moving average is $67.94.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last issued its quarterly earnings data 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. IPG Photonics had a positive return on equity of 2.98% and a negative net margin of 18.58%. The company had revenue of $227.79 million for the quarter, compared to the consensus estimate of $227.00 million. During the same quarter last year, the company earned $0.52 earnings per share. The firm's revenue for the quarter was down 9.6% compared to the same quarter last year. As a group, equities analysts expect that IPG Photonics Co. will post 1.54 EPS for the current year.

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.