IPG Photonics Co. (NASDAQ:IPGP) Shares Sold by Polar Asset Management Partners Inc.

Polar Asset Management Partners Inc. lowered its position in shares of IPG Photonics Co. (NASDAQ:IPGP - Free Report) by 26.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 76,600 shares of the semiconductor company's stock after selling 28,000 shares during the period. Polar Asset Management Partners Inc. owned about 0.18% of IPG Photonics worth $5,570,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in IPGP. Barclays PLC increased its stake in shares of IPG Photonics by 42.5% during the third quarter. Barclays PLC now owns 38,787 shares of the semiconductor company's stock valued at $2,883,000 after buying an additional 11,562 shares during the period. Beaumont Financial Advisors LLC increased its stake in shares of IPG Photonics by 4.2% during the fourth quarter. Beaumont Financial Advisors LLC now owns 3,414 shares of the semiconductor company's stock valued at $248,000 after buying an additional 139 shares during the period. KBC Group NV boosted its position in IPG Photonics by 48.5% during the fourth quarter. KBC Group NV now owns 1,613 shares of the semiconductor company's stock valued at $117,000 after purchasing an additional 527 shares in the last quarter. Calamos Wealth Management LLC boosted its position in IPG Photonics by 4.0% during the fourth quarter. Calamos Wealth Management LLC now owns 6,237 shares of the semiconductor company's stock valued at $454,000 after purchasing an additional 237 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its position in IPG Photonics by 437.2% during the fourth quarter. Retirement Systems of Alabama now owns 178,925 shares of the semiconductor company's stock valued at $13,011,000 after purchasing an additional 145,616 shares in the last quarter. Hedge funds and other institutional investors own 93.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on IPGP shares. CL King raised IPG Photonics from a "neutral" rating to a "buy" rating and set a $76.00 price objective on the stock in a research report on Tuesday, March 18th. Needham & Company LLC reaffirmed a "hold" rating on shares of IPG Photonics in a research report on Wednesday, February 12th. Citigroup dropped their price objective 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. Raymond James dropped their price objective 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. Finally, Stifel Nicolaus set a $72.00 price objective on IPG Photonics in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $69.50.

IPG Photonics Stock Performance

Shares of IPGP traded down $0.70 during trading hours on Wednesday, hitting $65.79. 61,488 shares of the stock were exchanged, compared to its average volume of 286,526. IPG Photonics Co. has a 12-month low of $48.59 and a 12-month high of $92.21. The company has a market cap of $2.80 billion, a price-to-earnings ratio of -15.74 and a beta of 0.92. The stock's 50-day moving average price is $59.79 and its two-hundred day moving average price is $67.81.

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