Raiffeisen Bank International AG Acquires New Shares in IPG Photonics Co. (NASDAQ:IPGP)

Raiffeisen Bank International AG bought a new position in shares of IPG Photonics Co. (NASDAQ:IPGP) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 35,000 shares of the semiconductor company’s stock, valued at approximately $2,529,000. Raiffeisen Bank International AG owned about 0.08% of IPG Photonics at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of IPGP. Barclays PLC lifted its position in IPG Photonics by 42.5% during the 3rd quarter. Barclays PLC now owns 38,787 shares of the semiconductor company’s stock worth $2,883,000 after acquiring an additional 11,562 shares during the last quarter. Beaumont Financial Advisors LLC lifted its position in IPG Photonics by 4.2% during the 4th quarter. Beaumont Financial Advisors LLC now owns 3,414 shares of the semiconductor company’s stock worth $248,000 after acquiring an additional 139 shares during the last quarter. KBC Group NV lifted 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 worth $117,000 after acquiring an additional 527 shares during the last quarter. Calamos Wealth Management LLC lifted its position in IPG Photonics by 4.0% during the 4th quarter. Calamos Wealth Management LLC now owns 6,237 shares of the semiconductor company’s stock worth $454,000 after acquiring an additional 237 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its position in IPG Photonics by 437.2% during the 4th quarter. Retirement Systems of Alabama now owns 178,925 shares of the semiconductor company’s stock worth $13,011,000 after acquiring an additional 145,616 shares during the last quarter. Institutional investors and hedge funds own 93.79% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on IPGP shares. StockNews.com raised shares of IPG Photonics from a “sell” rating to a “hold” rating in a research report on Thursday. Needham & Company LLC restated a “hold” rating on shares of IPG Photonics in a report on Wednesday, February 12th. Raymond James dropped their price objective on shares of IPG Photonics from $80.00 to $70.00 and set a “strong-buy” rating on the stock in a report on Wednesday, May 7th. CL King upgraded shares of IPG Photonics from a “neutral” rating to a “buy” rating and set a $76.00 price objective on the stock in a report on Tuesday, March 18th. Finally, Citigroup dropped their price objective on shares of IPG Photonics from $62.00 to $60.00 and set a “sell” rating on the stock in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $69.50.

IPG Photonics Stock Up 0.1%

NASDAQ IPGP opened at $65.40 on Friday. The stock has a market cap of $2.78 billion, a P/E ratio of -15.65 and a beta of 0.92. The company’s 50-day simple moving average is $59.38 and its 200 day simple moving average is $68.26. IPG Photonics Co. has a twelve month low of $48.59 and a twelve month high of $92.21.

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