Aster Capital Management DIFC Ltd Takes $421,000 Position in IPG Photonics Co. (NASDAQ:IPGP)

Aster Capital Management DIFC Ltd bought a new position in shares of IPG Photonics Co. (NASDAQ:IPGP) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 5,793 shares of the semiconductor company’s stock, valued at approximately $421,000.

Several other large investors have also recently bought and sold shares of the stock. ExodusPoint Capital Management LP acquired a new position in IPG Photonics during the fourth quarter worth approximately $1,576,000. Motley Fool Asset Management LLC increased its holdings in shares of IPG Photonics by 36.2% during the 4th quarter. Motley Fool Asset Management LLC now owns 29,603 shares of the semiconductor company’s stock worth $2,153,000 after acquiring an additional 7,867 shares during the last quarter. Headlands Technologies LLC bought a new stake in IPG Photonics in the 4th quarter valued at $87,000. Alliancebernstein L.P. lifted its holdings in IPG Photonics by 88.8% during the 4th quarter. Alliancebernstein L.P. now owns 70,813 shares of the semiconductor company’s stock valued at $5,150,000 after purchasing an additional 33,313 shares during the last quarter. Finally, Norges Bank bought a new position in IPG Photonics during the fourth quarter worth $5,630,000. 93.79% of the stock is owned by institutional investors and hedge funds.

IPG Photonics Stock Down 5.4 %

Shares of NASDAQ:IPGP opened at $52.12 on Monday. IPG Photonics Co. has a 12-month low of $49.55 and a 12-month high of $92.21. The company’s 50 day moving average price is $64.32 and its two-hundred day moving average price is $71.81. The firm has a market cap of $2.22 billion, a PE ratio of -12.47 and a beta of 0.97.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings data 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%. On average, research analysts expect that IPG Photonics Co. will post 1.54 EPS for the current year.

Analyst Upgrades and Downgrades

IPGP has been the topic of several research analyst reports. Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a research report on Wednesday, February 12th. CL King raised shares of IPG Photonics from a “neutral” rating to a “buy” rating and set a $76.00 price target on the stock in a report on Tuesday, March 18th. Stifel Nicolaus reduced their price objective on IPG Photonics from $100.00 to $85.00 and set a “buy” rating for the company in a report on Wednesday, February 12th. Finally, Citigroup lowered their target price on IPG Photonics from $62.00 to $60.00 and set a “sell” rating on the stock in a research note on Tuesday, February 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 assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $85.40.

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.