Quest Partners LLC Purchases New Position in IPG Photonics Co. (NASDAQ:IPGP)

Quest Partners LLC purchased a new stake in IPG Photonics Co. (NASDAQ:IPGP) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,557 shares of the semiconductor company’s stock, valued at approximately $190,000.

Other large investors have also recently modified their holdings of the company. Swedbank AB purchased a new stake in shares of IPG Photonics in the first quarter valued at approximately $2,687,000. Disciplined Growth Investors Inc. MN boosted its holdings in shares of IPG Photonics by 2.2% in the second quarter. Disciplined Growth Investors Inc. MN now owns 490,959 shares of the semiconductor company’s stock valued at $41,432,000 after purchasing an additional 10,775 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of IPG Photonics by 14.5% in the second quarter. Dimensional Fund Advisors LP now owns 996,029 shares of the semiconductor company’s stock valued at $84,054,000 after purchasing an additional 125,958 shares during the period. Kennedy Capital Management LLC lifted its holdings in IPG Photonics by 25.5% during the first quarter. Kennedy Capital Management LLC now owns 33,326 shares of the semiconductor company’s stock worth $3,022,000 after buying an additional 6,781 shares during the period. Finally, LHM Inc. lifted its holdings in IPG Photonics by 61.1% during the second quarter. LHM Inc. now owns 45,775 shares of the semiconductor company’s stock worth $3,863,000 after buying an additional 17,354 shares during the period. Hedge funds and other institutional investors own 93.79% of the company’s stock.

IPG Photonics Trading Up 0.2 %

Shares of IPGP opened at $77.30 on Thursday. IPG Photonics Co. has a 12 month low of $61.86 and a 12 month high of $111.11. The stock has a fifty day moving average price of $76.10 and a 200-day moving average price of $78.13. The firm has a market cap of $3.34 billion, a PE ratio of -22.22 and a beta of 0.98.

IPG Photonics (NASDAQ:IPGP) last issued its quarterly earnings data on Tuesday, October 29th. The semiconductor company reported $0.29 EPS for the quarter, beating the consensus estimate of $0.19 by $0.10. IPG Photonics had a positive return on equity of 4.32% and a negative net margin of 14.20%. The firm had revenue of $233.14 million during the quarter, compared to analyst estimates of $227.89 million. During the same quarter in the prior year, the business posted $1.16 EPS. The business’s revenue for the quarter was down 22.6% compared to the same quarter last year. As a group, research analysts forecast that IPG Photonics Co. will post 1.51 EPS for the current year.

Analysts Set New Price Targets

A number of analysts have weighed in on IPGP shares. Stifel Nicolaus lowered their target price on IPG Photonics from $115.00 to $100.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Raymond James lowered their target price on IPG Photonics from $127.00 to $100.00 and set a “strong-buy” rating for the company in a report on Wednesday, July 31st. Benchmark restated a “hold” rating on shares of IPG Photonics in a report on Wednesday, October 30th. Finally, Needham & Company LLC restated a “hold” rating on shares of IPG Photonics in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, IPG Photonics currently has an average rating of “Hold” and an average target price of $93.50.

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.