4,704 Shares in IPG Photonics Co. (NASDAQ:IPGP) Bought by Aigen Investment Management LP

Aigen Investment Management LP acquired a new position in IPG Photonics Co. (NASDAQ:IPGP) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 4,704 shares of the semiconductor company’s stock, valued at approximately $350,000.

Other institutional investors also recently modified their holdings of the company. Covestor Ltd boosted its position in IPG Photonics by 7.7% during the third quarter. Covestor Ltd now owns 1,869 shares of the semiconductor company’s stock valued at $139,000 after acquiring an additional 133 shares during the last quarter. Fiera Capital Corp boosted its position in IPG Photonics by 0.9% during the second quarter. Fiera Capital Corp now owns 22,541 shares of the semiconductor company’s stock valued at $1,902,000 after acquiring an additional 193 shares during the last quarter. Commonwealth Equity Services LLC boosted its position in IPG Photonics by 4.2% during the second quarter. Commonwealth Equity Services LLC now owns 6,937 shares of the semiconductor company’s stock valued at $585,000 after acquiring an additional 278 shares during the last quarter. Assetmark Inc. boosted its position in IPG Photonics by 28.3% during the third quarter. Assetmark Inc. now owns 1,336 shares of the semiconductor company’s stock valued at $99,000 after acquiring an additional 295 shares during the last quarter. Finally, Inspire Investing LLC boosted its position in shares of IPG Photonics by 11.2% during the 1st quarter. Inspire Investing LLC now owns 3,922 shares of the semiconductor company’s stock worth $356,000 after purchasing an additional 395 shares in the last quarter. Institutional investors own 93.79% of the company’s stock.

IPG Photonics Price Performance

IPGP opened at $73.45 on Friday. IPG Photonics Co. has a fifty-two week low of $61.86 and a fifty-two week high of $111.11. The firm has a market capitalization of $3.18 billion, a PE ratio of -21.17 and a beta of 0.98. The company’s 50-day moving average is $74.70 and its 200 day moving average is $78.84.

IPG Photonics (NASDAQ:IPGP) last posted its earnings results on Tuesday, October 29th. The semiconductor company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.10. IPG Photonics had a negative net margin of 14.20% and a positive return on equity of 4.32%. The company had revenue of $233.14 million for 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 firm’s revenue was down 22.6% compared to the same quarter last year. As a group, analysts expect that IPG Photonics Co. will post 1.53 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Benchmark reissued a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Stifel Nicolaus cut their price objective on shares of IPG Photonics from $115.00 to $100.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Raymond James cut their price objective on shares of IPG Photonics from $127.00 to $100.00 and set a “strong-buy” rating on the stock in a research report on Wednesday, July 31st. Finally, Needham & Company LLC reissued a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, three have issued 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, IPG Photonics presently has an average rating of “Hold” and a consensus 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.