LHM Inc. Increases Stock Position in IPG Photonics Co. (NASDAQ:IPGP)

LHM Inc. grew its position in IPG Photonics Co. (NASDAQ:IPGP) by 31.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,415 shares of the semiconductor company’s stock after purchasing an additional 8,994 shares during the period. IPG Photonics comprises about 1.1% of LHM Inc.’s portfolio, making the stock its 11th largest position. LHM Inc. owned about 0.08% of IPG Photonics worth $3,157,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Crewe Advisors LLC purchased a new stake in IPG Photonics during the first quarter worth about $52,000. Mather Group LLC. purchased a new stake in IPG Photonics during the first quarter worth about $67,000. Innealta Capital LLC purchased a new stake in IPG Photonics during the second quarter worth about $85,000. TFO Wealth Partners LLC increased its holdings in IPG Photonics by 38,000.0% during the fourth quarter. TFO Wealth Partners LLC now owns 1,143 shares of the semiconductor company’s stock worth $124,000 after buying an additional 1,140 shares during the last quarter. Finally, Covestor Ltd increased its holdings in IPG Photonics by 94.2% during the first quarter. Covestor Ltd now owns 1,728 shares of the semiconductor company’s stock worth $157,000 after buying an additional 838 shares during the last quarter. Hedge funds and other institutional investors own 93.79% of the company’s stock.

IPG Photonics Trading Up 2.8 %

IPGP stock opened at $70.87 on Friday. The firm has a 50 day moving average of $73.31 and a 200-day moving average of $82.14. IPG Photonics Co. has a 12 month low of $61.86 and a 12 month high of $111.11. The firm has a market capitalization of $3.23 billion, a P/E ratio of 18.27 and a beta of 1.00.

IPG Photonics (NASDAQ:IPGP) last released its quarterly earnings data on Tuesday, July 30th. The semiconductor company reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.48 by ($0.03). IPG Photonics had a net margin of 12.67% and a return on equity of 5.99%. The firm had revenue of $257.60 million during the quarter, compared to the consensus estimate of $259.31 million. During the same quarter last year, the business posted $1.31 earnings per share. IPG Photonics’s revenue was down 24.2% compared to the same quarter last year. Sell-side analysts predict that IPG Photonics Co. will post 1.38 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on IPGP. Raymond James decreased their price objective on shares of IPG Photonics from $127.00 to $100.00 and set a “strong-buy” rating for the company in a report on Wednesday, July 31st. Benchmark lowered shares of IPG Photonics from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. Finally, Stifel Nicolaus cut their target price on shares of IPG Photonics from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $93.40.

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.