IPG Photonics Co. (NASDAQ:IPGP) Shares Bought by Barclays PLC

Barclays PLC increased its stake in IPG Photonics Co. (NASDAQ:IPGP) by 42.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,787 shares of the semiconductor company’s stock after acquiring an additional 11,562 shares during the period. Barclays PLC owned approximately 0.09% of IPG Photonics worth $2,883,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Pacer Advisors Inc. boosted its stake in IPG Photonics by 37.2% during the 3rd quarter. Pacer Advisors Inc. now owns 671,025 shares of the semiconductor company’s stock valued at $49,871,000 after purchasing an additional 181,844 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of IPG Photonics by 14.5% in the second quarter. Dimensional Fund Advisors LP now owns 996,029 shares of the semiconductor company’s stock valued at $84,054,000 after buying an additional 125,958 shares during the period. Bank of New York Mellon Corp boosted its stake in IPG Photonics by 26.4% during the second quarter. Bank of New York Mellon Corp now owns 303,113 shares of the semiconductor company’s stock valued at $25,580,000 after buying an additional 63,369 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in IPG Photonics by 5.9% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 971,043 shares of the semiconductor company’s stock worth $72,168,000 after acquiring an additional 54,166 shares during the period. Finally, AQR Capital Management LLC raised its position in IPG Photonics by 25.8% in the second quarter. AQR Capital Management LLC now owns 254,578 shares of the semiconductor company’s stock worth $21,484,000 after acquiring an additional 52,204 shares in the last quarter. Institutional investors and hedge funds own 93.79% of the company’s stock.

Analyst Ratings Changes

IPGP has been the subject of several research reports. Benchmark restated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Needham & Company LLC restated a “hold” rating on shares of IPG Photonics in a research report on Wednesday, October 30th. Finally, Northcoast Research lowered IPG Photonics from a “buy” rating to a “neutral” rating in a research note on Wednesday, December 4th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $93.50.

IPG Photonics Stock Performance

Shares of NASDAQ:IPGP opened at $76.33 on Wednesday. The firm has a 50 day simple moving average of $77.65 and a 200 day simple moving average of $76.73. IPG Photonics Co. has a 52 week low of $61.86 and a 52 week high of $111.11. The company has a market cap of $3.30 billion, a PE ratio of -22.00 and a beta of 0.96.

IPG Photonics (NASDAQ:IPGP) last released its earnings results on Tuesday, October 29th. The semiconductor company reported $0.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.19 by $0.10. IPG Photonics had a positive return on equity of 4.32% and a negative net margin of 14.20%. The company had revenue of $233.14 million during the quarter, compared to analyst estimates of $227.89 million. During the same quarter in the prior year, the company earned $1.16 earnings per share. The company’s revenue for the quarter was down 22.6% on a year-over-year basis. On average, equities analysts predict that IPG Photonics Co. will post 1.51 earnings per share for the current year.

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.