LHM Inc. Invests $1.26 Million in IPG Photonics Co. (NASDAQ:IPGP)

LHM Inc. bought a new stake in IPG Photonics Co. (NASDAQ:IPGP - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 11,613 shares of the semiconductor company's stock, valued at approximately $1,260,000. IPG Photonics makes up 1.1% of LHM Inc.'s investment portfolio, making the stock its 4th biggest position.

Several other institutional investors and hedge funds have also recently bought and sold shares of IPGP. VisionPoint Advisory Group LLC raised its stake in IPG Photonics by 127.2% during the third quarter. VisionPoint Advisory Group LLC now owns 259 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 145 shares during the period. Point72 Middle East FZE acquired a new stake in shares of IPG Photonics in the fourth quarter valued at approximately $28,000. Assetmark Inc. increased its stake in shares of IPG Photonics by 39.4% in the third quarter. Assetmark Inc. now owns 612 shares of the semiconductor company's stock valued at $62,000 after purchasing an additional 173 shares during the period. AM Squared Ltd increased its stake in shares of IPG Photonics by 200.0% in the fourth quarter. AM Squared Ltd now owns 600 shares of the semiconductor company's stock valued at $65,000 after purchasing an additional 400 shares during the period. Finally, CWM LLC increased its stake in shares of IPG Photonics by 123.8% in the third quarter. CWM LLC now owns 837 shares of the semiconductor company's stock valued at $85,000 after purchasing an additional 463 shares during the period. Institutional investors and hedge funds own 93.79% of the company's stock.

IPG Photonics Price Performance

Shares of IPG Photonics stock traded down $4.11 on Friday, hitting $85.75. The company had a trading volume of 242,633 shares, compared to its average volume of 252,115. The business has a 50-day simple moving average of $89.68 and a 200-day simple moving average of $95.12. The company has a market cap of $3.95 billion, a PE ratio of 18.56, a PEG ratio of 17.01 and a beta of 1.19. IPG Photonics Co. has a 52 week low of $83.00 and a 52 week high of $141.85.

IPG Photonics (NASDAQ:IPGP - Get Free Report) last issued its earnings results on Tuesday, February 13th. The semiconductor company reported $0.89 earnings per share for the quarter, missing analysts' consensus estimates of $0.95 by ($0.06). The business had revenue of $298.89 million for the quarter, compared to the consensus estimate of $287.03 million. IPG Photonics had a return on equity of 9.18% and a net margin of 17.00%. The company's quarterly revenue was down 10.4% on a year-over-year basis. During the same quarter in the previous year, the business posted ($1.91) earnings per share. On average, equities research analysts predict that IPG Photonics Co. will post 3.23 earnings per share for the current fiscal year.

IPG Photonics announced that its Board of Directors has approved a stock buyback plan on Tuesday, February 13th that permits the company to repurchase $300.00 million in shares. This repurchase authorization permits the semiconductor company to reacquire up to 7.3% of its stock through open market purchases. Stock repurchase plans are often an indication that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

Several brokerages have commented on IPGP. Seaport Res Ptn restated a "buy" rating on shares of IPG Photonics in a research note on Thursday, January 25th. Citigroup lowered shares of IPG Photonics from a "neutral" rating to a "sell" rating and dropped their price target for the company from $111.00 to $74.00 in a research note on Thursday, February 15th. Stifel Nicolaus decreased their price objective on shares of IPG Photonics from $130.00 to $115.00 and set a "buy" rating for the company in a report on Wednesday, February 14th. Finally, StockNews.com cut shares of IPG Photonics from a "buy" rating to a "hold" rating in a report on Saturday, February 17th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $117.20.

Insider Buying and Selling

In related news, Director Eric Meurice sold 629 shares of the firm's stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $100.00, for a total transaction of $62,900.00. Following the completion of the sale, the director now directly owns 16,491 shares in the company, valued at $1,649,100. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, Director Eric Meurice sold 629 shares of the company's stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $100.00, for a total value of $62,900.00. Following the completion of the sale, the director now owns 16,491 shares in the company, valued at approximately $1,649,100. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Valentin Gapontsev Trust I sold 10,000 shares of the company's stock in a transaction that occurred on Monday, March 25th. The shares were sold at an average price of $89.56, for a total transaction of $895,600.00. Following the completion of the sale, the insider now owns 7,209,599 shares of the company's stock, valued at approximately $645,691,686.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 20,629 shares of company stock worth $1,815,300. Corporate insiders own 37.10% of the company's stock.

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.