Adage Capital Partners GP L.L.C. Increases Stock Position in IPG Photonics Co. (NASDAQ:IPGP)

Adage Capital Partners GP L.L.C. grew its position in shares of IPG Photonics Co. (NASDAQ:IPGP) by 9.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 115,099 shares of the semiconductor company’s stock after purchasing an additional 10,000 shares during the period. Adage Capital Partners GP L.L.C. owned approximately 0.27% of IPG Photonics worth $8,370,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in IPGP. Versant Capital Management Inc boosted its stake in IPG Photonics by 56.7% during the fourth quarter. Versant Capital Management Inc now owns 954 shares of the semiconductor company’s stock valued at $69,000 after buying an additional 345 shares during the period. Venturi Wealth Management LLC lifted its stake in shares of IPG Photonics by 355.7% in the 4th quarter. Venturi Wealth Management LLC now owns 1,048 shares of the semiconductor company’s stock valued at $76,000 after acquiring an additional 818 shares during the last quarter. SRS Capital Advisors Inc. raised its position in IPG Photonics by 463.5% during the 4th quarter. SRS Capital Advisors Inc. now owns 1,065 shares of the semiconductor company’s stock valued at $77,000 after purchasing an additional 876 shares during the last quarter. Headlands Technologies LLC bought a new position in IPG Photonics during the 4th quarter valued at approximately $87,000. Finally, KBC Group NV raised its position in IPG Photonics by 48.5% during the 4th quarter. KBC Group NV now owns 1,613 shares of the semiconductor company’s stock valued at $117,000 after purchasing an additional 527 shares during the last quarter. Institutional investors own 93.79% of the company’s stock.

IPG Photonics Trading Up 1.2 %

Shares of NASDAQ:IPGP opened at $58.85 on Tuesday. IPG Photonics Co. has a 12-month low of $48.59 and a 12-month high of $92.21. The company has a market cap of $2.51 billion, a PE ratio of -14.08 and a beta of 0.97. The stock has a 50 day moving average of $59.29 and a 200 day moving average of $69.45.

IPG Photonics (NASDAQ:IPGP) last posted its quarterly earnings results 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%. Equities research analysts predict that IPG Photonics Co. will post 1.54 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on IPGP. Stifel Nicolaus set a $72.00 target price on IPG Photonics in a report on Monday. Citigroup decreased their target price on IPG Photonics from $62.00 to $60.00 and set a “sell” rating for the company in a research report on Tuesday, February 18th. Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a research report on Wednesday, February 12th. Finally, CL King raised shares of 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. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, IPG Photonics presently has a consensus rating of “Hold” and a consensus price target of $82.80.

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.