IPG Photonics Co. (NASDAQ:IPGP) Shares Bought by Jane Street Group LLC

Jane Street Group LLC increased its stake in IPG Photonics Co. (NASDAQ:IPGP) by 212.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 68,079 shares of the semiconductor company’s stock after buying an additional 46,308 shares during the quarter. Jane Street Group LLC owned about 0.16% of IPG Photonics worth $4,951,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Venturi Wealth Management LLC grew its position in IPG Photonics by 355.7% in the fourth 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 in the last quarter. SRS Capital Advisors Inc. boosted its stake in shares of IPG Photonics by 463.5% in the fourth 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 period. Headlands Technologies LLC acquired a new stake in IPG Photonics during the 4th quarter valued at $87,000. KBC Group NV increased its stake in IPG Photonics by 48.5% during the 4th quarter. KBC Group NV now owns 1,613 shares of the semiconductor company’s stock worth $117,000 after buying an additional 527 shares during the period. Finally, Sterling Capital Management LLC lifted its holdings in IPG Photonics by 52.8% in the 4th quarter. Sterling Capital Management LLC now owns 1,656 shares of the semiconductor company’s stock worth $120,000 after buying an additional 572 shares in the last quarter. 93.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Stifel Nicolaus set a $72.00 target price on IPG Photonics in a research note on Monday, April 28th. Citigroup dropped their price objective on IPG Photonics from $62.00 to $60.00 and set a “sell” rating on the stock in a report on Tuesday, February 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of IPG Photonics in a research report on Wednesday, February 12th. Raymond James dropped their price target on shares of IPG Photonics from $80.00 to $70.00 and set a “strong-buy” rating for the company in a research note on Wednesday. Finally, 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. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, IPG Photonics currently has an average rating of “Hold” and a consensus price target of $69.50.

IPG Photonics Stock Performance

Shares of NASDAQ:IPGP opened at $60.15 on Friday. IPG Photonics Co. has a 1-year low of $48.59 and a 1-year high of $92.21. The company’s fifty day moving average is $59.17 and its two-hundred day moving average is $68.54. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of -14.39 and a beta of 0.92.

IPG Photonics (NASDAQ:IPGP) last issued its earnings results on Tuesday, May 6th. The semiconductor company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.21 by $0.10. The company had revenue of $227.79 million during the quarter, compared to the consensus estimate of $227.00 million. IPG Photonics had a positive return on equity of 2.98% and a negative net margin of 18.58%. IPG Photonics’s quarterly revenue was down 9.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 earnings per share. Sell-side analysts expect that IPG Photonics Co. will post 1.54 EPS for the current fiscal year.

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.