Jane Street Group LLC Has $4.95 Million Position in IPG Photonics Co. (NASDAQ:IPGP)

Jane Street Group LLC grew its holdings in IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 212.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 68,079 shares of the semiconductor company's stock after acquiring an additional 46,308 shares during the period. Jane Street Group LLC owned about 0.16% of IPG Photonics worth $4,951,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Venturi Wealth Management LLC increased its holdings 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 valued at $76,000 after buying an additional 818 shares in the last quarter. SRS Capital Advisors Inc. raised its holdings in shares of IPG Photonics by 463.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,065 shares of the semiconductor company's stock worth $77,000 after acquiring an additional 876 shares during the period. Headlands Technologies LLC purchased a new position in IPG Photonics in the fourth quarter worth approximately $87,000. KBC Group NV increased its position in shares of IPG Photonics by 48.5% during the 4th 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 raised 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 valued at $120,000 after purchasing an additional 572 shares during the period. 93.79% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

IPGP has been the subject of several analyst reports. StockNews.com cut IPG Photonics from a "hold" rating to a "sell" rating in a research note on Wednesday, May 7th. Raymond James lowered 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 reaffirmed a "hold" rating on shares of IPG Photonics in a report on Wednesday, February 12th. Citigroup lowered their price objective on shares of IPG Photonics from $62.00 to $60.00 and set a "sell" rating on the stock in a research note on Tuesday, February 18th. Finally, Stifel Nicolaus set a $72.00 target price on shares of IPG Photonics in a research report on Monday, April 28th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $69.50.

IPG Photonics Stock Performance

Shares of NASDAQ:IPGP traded down $0.24 during mid-day trading on Wednesday, hitting $65.35. 216,594 shares of the company traded hands, compared to its average volume of 286,123. IPG Photonics Co. has a 52-week low of $48.59 and a 52-week high of $92.21. The firm's 50 day simple moving average is $59.26 and its 200 day simple moving average is $68.38. The firm has a market cap of $2.78 billion, a P/E ratio of -15.63 and a beta of 0.92.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The semiconductor company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.21 by $0.10. The business had revenue of $227.79 million for the quarter, compared to analysts' expectations of $227.00 million. IPG Photonics had a negative net margin of 18.58% and a positive return on equity of 2.98%. The company's quarterly revenue was down 9.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.52 earnings per share. Equities research analysts expect that IPG Photonics Co. will post 1.54 EPS for the current fiscal 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.