3,820 Shares in IPG Photonics Co. (NASDAQ:IPGP) Purchased by Two Sigma Securities LLC

Two Sigma Securities LLC purchased a new position in shares of IPG Photonics Co. (NASDAQ:IPGP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 3,820 shares of the semiconductor company’s stock, valued at approximately $278,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in IPGP. Versant Capital Management Inc boosted its holdings in IPG Photonics by 56.7% during the fourth quarter. Versant Capital Management Inc now owns 954 shares of the semiconductor company’s stock worth $69,000 after purchasing an additional 345 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in IPG Photonics by 355.7% during the fourth quarter. Venturi Wealth Management LLC now owns 1,048 shares of the semiconductor company’s stock worth $76,000 after purchasing an additional 818 shares during the last quarter. SRS Capital Advisors Inc. boosted its holdings in IPG Photonics by 463.5% during the fourth quarter. SRS Capital Advisors Inc. now owns 1,065 shares of the semiconductor company’s stock worth $77,000 after purchasing an additional 876 shares during the last quarter. Headlands Technologies LLC purchased a new position in IPG Photonics during the fourth quarter worth about $87,000. Finally, KBC Group NV boosted its holdings in IPG Photonics by 48.5% during the fourth 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. 93.79% of the stock is currently owned by hedge funds and other institutional investors.

IPG Photonics Trading Up 1.2 %

Shares of NASDAQ IPGP opened at $58.85 on Tuesday. The stock has a fifty day simple moving average of $59.29 and a two-hundred day simple moving average of $69.45. IPG Photonics Co. has a 1-year low of $48.59 and a 1-year high of $92.21. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of -14.08 and a beta of 0.97.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 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%. Analysts forecast that IPG Photonics Co. will post 1.54 EPS for the current year.

Analysts Set New Price Targets

Several research analysts recently weighed in on IPGP shares. Stifel Nicolaus set a $72.00 price target on shares of IPG Photonics in a report on Monday. Citigroup lowered their price target on shares of IPG Photonics from $62.00 to $60.00 and set a “sell” rating on the stock in a report on Tuesday, February 18th. Needham & Company LLC reiterated a “hold” rating on shares of IPG Photonics in a research note on Wednesday, February 12th. Finally, CL King raised IPG Photonics from a “neutral” rating to a “buy” rating and set a $76.00 price objective for the company in a report on Tuesday, March 18th. One investment analyst has 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. Based on data from MarketBeat, IPG Photonics currently has a consensus rating of “Hold” and a consensus price target of $82.80.

About IPG Photonics

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.