IPG Photonics Co. (NASDAQ:IPGP) Shares Bought by Cwm LLC

Cwm LLC grew its stake in IPG Photonics Co. (NASDAQ:IPGP) by 226.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,435 shares of the semiconductor company’s stock after purchasing an additional 1,689 shares during the period. Cwm LLC’s holdings in IPG Photonics were worth $181,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Fiera Capital Corp lifted its stake in shares of IPG Photonics by 0.9% in the 2nd quarter. Fiera Capital Corp now owns 22,541 shares of the semiconductor company’s stock worth $1,902,000 after acquiring an additional 193 shares during the period. State of Michigan Retirement System boosted its holdings in IPG Photonics by 2.8% in the 1st quarter. State of Michigan Retirement System now owns 7,300 shares of the semiconductor company’s stock valued at $662,000 after purchasing an additional 200 shares in the last quarter. Commonwealth Equity Services LLC increased its position in IPG Photonics by 4.2% during the 2nd quarter. Commonwealth Equity Services LLC now owns 6,937 shares of the semiconductor company’s stock worth $585,000 after purchasing an additional 278 shares during the period. Texas Permanent School Fund Corp increased its position in IPG Photonics by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 25,871 shares of the semiconductor company’s stock worth $2,346,000 after purchasing an additional 334 shares during the period. Finally, Inspire Investing LLC raised its stake 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 buying an additional 395 shares in the last quarter. Hedge funds and other institutional investors own 93.79% of the company’s stock.

IPG Photonics Trading Up 0.2 %

Shares of NASDAQ IPGP opened at $74.76 on Thursday. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 19.27 and a beta of 1.00. The company’s 50-day moving average price is $70.57 and its 200 day moving average price is $79.54. IPG Photonics Co. has a 52 week low of $61.86 and a 52 week high of $111.11.

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

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Stifel Nicolaus cut their price objective on IPG Photonics from $115.00 to $100.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Benchmark cut shares of IPG Photonics from a “buy” rating to a “hold” rating in a research note on Wednesday, July 31st. Finally, Raymond James decreased 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 report on Wednesday, July 31st. One research analyst has rated the stock with a sell rating, three have given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently 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.