Polar Asset Management Partners Inc. Has $5.57 Million Stock Position in IPG Photonics Co. (NASDAQ:IPGP)

Polar Asset Management Partners Inc. lessened its position in IPG Photonics Co. (NASDAQ:IPGP) by 26.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,600 shares of the semiconductor company’s stock after selling 28,000 shares during the period. Polar Asset Management Partners Inc. owned 0.18% of IPG Photonics worth $5,570,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Beaumont Financial Advisors LLC increased its holdings in IPG Photonics by 4.2% in the 4th quarter. Beaumont Financial Advisors LLC now owns 3,414 shares of the semiconductor company’s stock worth $248,000 after purchasing an additional 139 shares in the last quarter. Cerity Partners LLC increased its holdings in IPG Photonics by 5.7% in the 4th quarter. Cerity Partners LLC now owns 3,030 shares of the semiconductor company’s stock worth $222,000 after purchasing an additional 163 shares in the last quarter. Waterfront Wealth Inc. increased its holdings in IPG Photonics by 1.6% in the 4th quarter. Waterfront Wealth Inc. now owns 12,310 shares of the semiconductor company’s stock worth $895,000 after purchasing an additional 190 shares in the last quarter. Xponance Inc. increased its holdings in IPG Photonics by 7.6% in the 4th quarter. Xponance Inc. now owns 3,201 shares of the semiconductor company’s stock worth $233,000 after purchasing an additional 226 shares in the last quarter. Finally, Calamos Wealth Management LLC increased its holdings in IPG Photonics by 4.0% in the 4th quarter. Calamos Wealth Management LLC now owns 6,237 shares of the semiconductor company’s stock worth $454,000 after purchasing an additional 237 shares in the last quarter. Institutional investors and hedge funds own 93.79% of the company’s stock.

IPG Photonics Price Performance

Shares of IPG Photonics stock opened at $65.40 on Friday. IPG Photonics Co. has a one year low of $48.59 and a one year high of $92.21. The stock’s 50-day moving average is $59.38 and its 200 day moving average is $68.26. The firm has a market cap of $2.78 billion, a price-to-earnings ratio of -15.65 and a beta of 0.92.

IPG Photonics (NASDAQ:IPGP) last announced its earnings results on Tuesday, May 6th. The semiconductor company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.21 by $0.10. IPG Photonics had a positive return on equity of 2.98% and a negative net margin of 18.58%. The company had revenue of $227.79 million for the quarter, compared to analyst estimates of $227.00 million. During the same quarter in the prior year, the company earned $0.52 EPS. The firm’s revenue for the quarter was down 9.6% compared to the same quarter last year. On average, sell-side analysts expect that IPG Photonics Co. will post 1.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Citigroup lowered their target price on IPG Photonics from $62.00 to $60.00 and set a “sell” rating for the company in a report on Tuesday, February 18th. Raymond James reduced their price target 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. StockNews.com upgraded IPG Photonics from a “sell” rating to a “hold” rating in a research report on Thursday. Stifel Nicolaus set a $72.00 price target on IPG Photonics in a research report on Monday, April 28th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, February 12th. One 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’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $69.50.

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.