IPG Photonics Co. (NASDAQ:IPGP) Short Interest Update

IPG Photonics Co. (NASDAQ:IPGP) saw a significant increase in short interest in the month of March. As of March 15th, there was short interest totalling 1,560,000 shares, an increase of 20.9% from the February 28th total of 1,290,000 shares. Based on an average daily volume of 342,100 shares, the short-interest ratio is presently 4.6 days. Currently, 6.4% of the shares of the company are sold short.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Beaumont Financial Advisors LLC lifted its stake in IPG Photonics by 4.2% during the fourth 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 during the last quarter. FMR LLC lifted its position in IPG Photonics by 10.4% in the 3rd quarter. FMR LLC now owns 1,620 shares of the semiconductor company’s stock worth $120,000 after buying an additional 153 shares during the last quarter. Cerity Partners LLC lifted its position 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 buying an additional 163 shares during the last quarter. Waterfront Wealth Inc. boosted its stake in IPG Photonics by 1.6% in the fourth quarter. Waterfront Wealth Inc. now owns 12,310 shares of the semiconductor company’s stock worth $895,000 after buying an additional 190 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in IPG Photonics by 4.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 4,274 shares of the semiconductor company’s stock valued at $311,000 after acquiring an additional 194 shares during the last quarter. 93.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

IPGP has been the subject of a number of recent research reports. Needham & Company LLC reiterated a “hold” rating on shares of IPG Photonics in a research note on Wednesday, February 12th. Citigroup cut their price target on IPG Photonics from $62.00 to $60.00 and set a “sell” rating for the company in a report on Tuesday, February 18th. Northcoast Research lowered IPG Photonics from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 4th. CL King upgraded 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, Stifel Nicolaus reduced their target price on IPG Photonics from $100.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. One equities 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 assigned a strong buy rating to the company. According to MarketBeat, IPG Photonics presently has a consensus rating of “Hold” and an average target price of $85.40.

IPG Photonics Stock Up 0.1 %

NASDAQ:IPGP traded up $0.06 during trading hours on Wednesday, hitting $63.17. 89,768 shares of the company’s stock traded hands, compared to its average volume of 271,073. The firm has a market cap of $2.69 billion, a P/E ratio of -15.11 and a beta of 1.04. The business’s fifty day simple moving average is $65.48 and its two-hundred day simple moving average is $72.06. IPG Photonics has a 52 week low of $56.71 and a 52 week high of $92.21.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings data on Tuesday, February 11th. The semiconductor company reported $0.18 earnings per share for the quarter, missing the consensus estimate 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%. On average, analysts expect that IPG Photonics will post 1.54 EPS 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.