Caxton Associates LP lifted its stake in IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 509.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,190 shares of the semiconductor company's stock after purchasing an additional 15,203 shares during the quarter. Caxton Associates LP's holdings in IPG Photonics were worth $1,323,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of IPGP. Balyasny Asset Management L.P. increased its position in shares of IPG Photonics by 98.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 74,577 shares of the semiconductor company's stock worth $5,423,000 after acquiring an additional 37,027 shares in the last quarter. Ameriprise Financial Inc. grew its position in IPG Photonics by 65.1% during the 4th quarter. Ameriprise Financial Inc. now owns 298,845 shares of the semiconductor company's stock worth $21,732,000 after purchasing an additional 117,846 shares in the last quarter. Jane Street Group LLC lifted its holdings in shares of IPG Photonics by 212.7% in the fourth quarter. Jane Street Group LLC now owns 68,079 shares of the semiconductor company's stock valued at $4,951,000 after purchasing an additional 46,308 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of IPG Photonics by 17.6% in the fourth quarter. Northern Trust Corp now owns 224,959 shares of the semiconductor company's stock valued at $16,359,000 after purchasing an additional 33,601 shares in the last quarter. Finally, Two Sigma Securities LLC acquired a new stake in shares of IPG Photonics in the fourth quarter worth $278,000. Hedge funds and other institutional investors own 93.79% of the company's stock.
IPG Photonics Stock Performance
Shares of IPGP stock opened at $63.13 on Tuesday. The stock's 50 day simple moving average is $59.23 and its 200 day simple moving average is $68.96. 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 $2.70 billion, a price-to-earnings ratio of -15.10 and a beta of 0.97.
IPG Photonics (NASDAQ:IPGP - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.23 by ($0.05). IPG Photonics had a positive return on equity of 2.98% and a negative net margin of 18.58%. On average, analysts forecast that IPG Photonics Co. will post 1.54 EPS for the current fiscal year.
Analyst Ratings Changes
IPGP has been the subject of a number of research reports. Needham & Company LLC restated a "hold" rating on shares of IPG Photonics in a research report on Wednesday, February 12th. CL King upgraded shares of IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 target price for the company in a research report on Tuesday, March 18th. Stifel Nicolaus set a $72.00 price target on shares of IPG Photonics in a research note on Monday, April 28th. Finally, Citigroup lowered their target price on IPG Photonics from $62.00 to $60.00 and set a "sell" rating on the stock in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $77.00.
Get Our Latest Stock Analysis on IPGP
IPG Photonics Profile
(
Free Report)
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.
Further Reading
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