AI Squared Management Ltd Invests $2.87 Million in IPG Photonics Co. (NASDAQ:IPGP)

AI Squared Management Ltd purchased a new position in IPG Photonics Co. (NASDAQ:IPGP) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 39,500 shares of the semiconductor company’s stock, valued at approximately $2,872,000. IPG Photonics makes up 3.0% of AI Squared Management Ltd’s investment portfolio, making the stock its 11th largest holding. AI Squared Management Ltd owned approximately 0.09% of IPG Photonics at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of IPG Photonics by 2.9% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 999,649 shares of the semiconductor company’s stock worth $72,694,000 after purchasing an additional 28,606 shares during the last quarter. Disciplined Growth Investors Inc. MN increased its holdings in IPG Photonics by 8.9% in the 3rd quarter. Disciplined Growth Investors Inc. MN now owns 534,833 shares of the semiconductor company’s stock worth $39,749,000 after buying an additional 43,874 shares in the last quarter. Baillie Gifford & Co. raised its position in IPG Photonics by 34.0% in the 4th quarter. Baillie Gifford & Co. now owns 375,546 shares of the semiconductor company’s stock worth $27,310,000 after buying an additional 95,199 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in IPG Photonics by 5.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 369,620 shares of the semiconductor company’s stock valued at $26,879,000 after acquiring an additional 19,307 shares during the period. Finally, Pacific Heights Asset Management LLC boosted its holdings in shares of IPG Photonics by 375.0% during the 4th quarter. Pacific Heights Asset Management LLC now owns 304,000 shares of the semiconductor company’s stock valued at $22,107,000 after acquiring an additional 240,000 shares during the last quarter. 93.79% of the stock is owned by hedge funds and other institutional investors.

IPG Photonics Stock Performance

NASDAQ IPGP opened at $67.62 on Tuesday. The stock has a 50 day moving average price of $66.58 and a 200-day moving average price of $72.01. IPG Photonics Co. has a one year low of $56.71 and a one year high of $92.21. The company has a market capitalization of $2.88 billion, a P/E ratio of -16.18 and a beta of 1.04.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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%. As a group, equities analysts predict that IPG Photonics Co. will post 1.54 EPS for the current fiscal year.

Wall Street Analyst Weigh In

IPGP has been the topic of a number of research analyst reports. Needham & Company LLC restated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, February 12th. Stifel Nicolaus decreased their target price on IPG Photonics from $100.00 to $85.00 and set a “buy” rating on the stock in a report on Wednesday, February 12th. Citigroup reduced 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 report on Tuesday, February 18th. CL King raised 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 note on Tuesday, March 18th. Finally, Northcoast Research downgraded shares of IPG Photonics from a “buy” rating to a “neutral” rating in a report on Wednesday, December 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, IPG Photonics presently has an average rating of “Hold” and an average price target of $85.40.

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.