IPG Photonics Co. (NASDAQ:IPGP) Shares Bought by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC lifted its stake in shares of IPG Photonics Co. (NASDAQ:IPGP) by 1.2% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 10,302 shares of the semiconductor company’s stock after purchasing an additional 123 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in IPG Photonics were worth $1,118,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. VisionPoint Advisory Group LLC boosted its holdings in IPG Photonics by 127.2% during the third quarter. VisionPoint Advisory Group LLC now owns 259 shares of the semiconductor company’s stock worth $26,000 after buying an additional 145 shares in the last quarter. AM Squared Ltd grew its holdings in shares of IPG Photonics by 200.0% in the 4th quarter. AM Squared Ltd now owns 600 shares of the semiconductor company’s stock worth $65,000 after acquiring an additional 400 shares during the period. Assetmark Inc. grew its holdings in shares of IPG Photonics by 39.4% in the 3rd quarter. Assetmark Inc. now owns 612 shares of the semiconductor company’s stock worth $62,000 after acquiring an additional 173 shares during the period. CWM LLC increased its stake in IPG Photonics by 123.8% in the 3rd quarter. CWM LLC now owns 837 shares of the semiconductor company’s stock valued at $85,000 after purchasing an additional 463 shares in the last quarter. Finally, Orion Capital Management LLC acquired a new position in IPG Photonics during the third quarter worth $89,000. Hedge funds and other institutional investors own 93.79% of the company’s stock.

IPG Photonics Trading Up 3.1 %

IPGP opened at $88.05 on Thursday. IPG Photonics Co. has a twelve month low of $83.00 and a twelve month high of $141.85. The firm has a market cap of $4.06 billion, a price-to-earnings ratio of 19.06, a PEG ratio of 16.93 and a beta of 1.19. The company has a fifty day simple moving average of $87.70 and a 200 day simple moving average of $94.40.

IPG Photonics (NASDAQ:IPGP) last released its earnings results on Tuesday, February 13th. The semiconductor company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.95 by ($0.06). IPG Photonics had a net margin of 17.00% and a return on equity of 9.18%. The business had revenue of $298.89 million for the quarter, compared to analysts’ expectations of $287.03 million. During the same quarter last year, the company posted ($1.91) earnings per share. The business’s quarterly revenue was down 10.4% compared to the same quarter last year. On average, analysts forecast that IPG Photonics Co. will post 3.23 earnings per share for the current fiscal year.

IPG Photonics announced that its board has initiated a stock buyback program on Tuesday, February 13th that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the semiconductor company to buy up to 7.3% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In other news, major shareholder Valentin Gapontsev Trust I sold 10,000 shares of IPG Photonics stock in a transaction on Monday, March 25th. The stock was sold at an average price of $89.56, for a total transaction of $895,600.00. Following the transaction, the insider now directly owns 7,209,599 shares in the company, valued at approximately $645,691,686.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, major shareholder Valentin Gapontsev Trust I sold 10,000 shares of the firm’s stock in a transaction dated Monday, March 25th. The shares were sold at an average price of $89.56, for a total transaction of $895,600.00. Following the completion of the transaction, the insider now owns 7,209,599 shares in the company, valued at approximately $645,691,686.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Eric Meurice sold 629 shares of the stock in a transaction that occurred on Tuesday, January 30th. The shares were sold at an average price of $100.00, for a total transaction of $62,900.00. Following the sale, the director now directly owns 16,491 shares of the company’s stock, valued at $1,649,100. The disclosure for this sale can be found here. Insiders sold 20,629 shares of company stock worth $1,815,300 over the last ninety days. Company insiders own 37.10% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on IPGP shares. Seaport Res Ptn restated a “buy” rating on shares of IPG Photonics in a research report on Thursday, January 25th. Citigroup downgraded shares of IPG Photonics from a “neutral” rating to a “sell” rating and dropped their target price for the company from $111.00 to $74.00 in a report on Thursday, February 15th. Stifel Nicolaus cut their target price on shares of IPG Photonics from $130.00 to $115.00 and set a “buy” rating for the company in a research report on Wednesday, February 14th. Finally, StockNews.com lowered shares of IPG Photonics from a “buy” rating to a “hold” rating in a research report on Saturday, February 17th. One investment analyst has rated the stock with a sell rating, one has given a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $117.20.

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.