IPG Photonics Co. (NASDAQ:IPGP) Shares Bought by EntryPoint Capital LLC

EntryPoint Capital LLC raised its stake in shares of IPG Photonics Co. (NASDAQ:IPGP) by 104.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,285 shares of the semiconductor company’s stock after purchasing an additional 3,214 shares during the period. EntryPoint Capital LLC’s holdings in IPG Photonics were worth $457,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. boosted its stake in shares of IPG Photonics by 23.8% in the third quarter. Victory Capital Management Inc. now owns 7,205 shares of the semiconductor company’s stock worth $535,000 after acquiring an additional 1,385 shares during the last quarter. Quest Partners LLC purchased a new position in IPG Photonics in the 3rd quarter valued at $190,000. Fisher Asset Management LLC boosted its stake in IPG Photonics by 4.3% during the 3rd quarter. Fisher Asset Management LLC now owns 192,050 shares of the semiconductor company’s stock worth $14,273,000 after purchasing an additional 7,911 shares during the last quarter. Quantbot Technologies LP grew its holdings in shares of IPG Photonics by 57.7% during the third quarter. Quantbot Technologies LP now owns 23,253 shares of the semiconductor company’s stock worth $1,728,000 after buying an additional 8,507 shares in the last quarter. Finally, FMR LLC raised its position in shares of IPG Photonics by 10.4% in the third quarter. FMR LLC now owns 1,620 shares of the semiconductor company’s stock valued at $120,000 after buying an additional 153 shares during the last quarter. Institutional investors and hedge funds own 93.79% of the company’s stock.

Wall Street Analysts Forecast Growth

IPGP has been the topic of a number of recent research reports. 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 research report on Tuesday, February 18th. CL King upgraded IPG Photonics from a “neutral” rating to a “buy” rating and set a $76.00 price target for the company in a research report on Tuesday, March 18th. Stifel Nicolaus cut their price target on IPG Photonics from $100.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Northcoast Research lowered IPG Photonics from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 4th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of IPG Photonics in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, IPG Photonics has an average rating of “Hold” and an average price target of $85.40.

IPG Photonics Stock Performance

IPGP opened at $66.41 on Wednesday. The business’s 50 day moving average price is $66.45 and its 200 day moving average price is $72.04. The stock has a market capitalization of $2.83 billion, a PE ratio of -15.89 and a beta of 1.04. IPG Photonics Co. has a one year low of $56.71 and a one year high of $92.21.

IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings results on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share 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 research analysts forecast that IPG Photonics Co. will post 1.54 earnings per share for the current fiscal 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.